For Sale
$9,500,000

3801 Mannheim RdSchiller Park, IL 60176

144-Unit Hotel Near O'Hare Airport

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 144-unit hotel, located at 3801 N. Mannheim Road in Schiller Park, Illinois, presents a compelling investment opportunity. Situated on a substantial 2.97-acre lot (APN 12-21-100-011-0000), this property boasts a prime location directly adjacent to O'Hare International Airport, offering unparalleled access to a high volume of travelers and convenient proximity to major demand generators including multiple hospitals and convention centers. Built in 1961 and renovated in 2002, the single-story building is currently operating as a fully functional hotel. The property features 144 surface parking spaces, ensuring ample guest parking. The C-3 zoning allows for high-density commercial development, presenting significant redevelopment potential for future buyers seeking alternative uses. The asking price for this exceptional property is $9,500,000. This presents a rare chance to acquire a well-positioned hospitality asset with substantial upside potential in a thriving market. The property's size and location make it an ideal candidate for various development scenarios, catering to a wide range of investor interests. Detailed financial information and operational data are available upon request. This is a truly unique opportunity to acquire a significant asset in a high-demand area.

Highlights

  • 144-unit hotel in Schiller Park, IL, on a 2.97-acre lot (APN 12-21-100-011-0000).
  • Prime O'Hare Airport location near hospitals and convention centers.
  • Single-story building, built in 1961, renovated in 2002.
  • 144 surface parking spaces.
  • C-3 zoning allows for high-density commercial development.
  • Asking price: $9,500,000.

Property Details for 3801 Mannheim Rd

Property type
Hospitality properties, Motels
Year Built/Renovated
1961/2002
Buildings
1
Stories
1
Lot Size (sq. ft)
129,373 SF

Location Insight

City
Schiller Park
County
Cook
State
Illinois
Latitude
41.9476147
Longitude
-87.884776
3801 Mannheim Rd, Schiller Park, Illinois

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3801 Mannheim Rd
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