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- LoopNet Team
7350 N Lincoln Ave
Lincolnwood, IL 60712
District 1860 - Hotel Development Parcel · Land For Sale
·
1.23 AC

INVESTMENT HIGHLIGHTS
- Fully Entitled Hotel Development Opportunity
- Adjacent to under construction 81,500 SF of commercial retail space anchored by 38,000SF national grocer
- Adjacent to under construction 299 unit class A multi-family project
PROPERTY FACTS
| Property Type | Land | Proposed Use | Hotel |
| Property Subtype | Commercial | Total Lot Size | 1.23 AC |
| Zoning | PUD | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Hotel |
| Total Lot Size | 1.23 AC |
| Zoning | PUD |
DESCRIPTION
District 1860 is a premier hotel development opportunity in Lincolnwood, IL, a first-ring Chicago suburb located 13 miles northwest of the Loop. The proposed development is entitled for an up to 220 key, 7-story hotel project. On and off site work, all done by the current developer, will be fully completed prior to construction of the hotel. Work is underway on utilities, grading and parking, with the storm water management system for the entire project having already been completed. The Phase II hotel pad is well positioned to begin vertical development shortly after completion of architectural and engineering drawings. Phase I of the project has received significant traction in the retail leasing market, with 65% of the space pre-leased to Amazon Fresh, Fatpour Tap Works, and FatRosies Tequila Bar. The current and future mix of service and entertainment tenants as well as the village green will serve as an extra amenity for hotel guests. The site’s location at the intersection of Lincoln and Touhy Avenues provides future hotel guests with easily accessible entertainment options in the immediate area. Convenient access to multiple transportation options, including the Edens Expressway, offers connectivity to the entire Chicagoland area. Additionally, the adjacent Valley Line Trail provides guests walkable or bikable access to other trails as well as the Oakton- Skokie CTA station. The eco-system of a successful project is supported by the highly affluent surrounding demographics.
PROPERTY TAXES
| Parcel Number | 10-27-317-057-0000 | Improvements Assessment | $1,654,208 |
| Land Assessment | $197,787 | Total Assessment | $1,851,995 |
PROPERTY TAXES
Listing ID: 25159620
Date on Market: 3/2/2022
Last Updated:
Address: 7350 N Lincoln Ave, Lincolnwood, IL 60712
The Land Property at 7350 N Lincoln Ave, Lincolnwood, IL 60712 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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