1505 Lake Cook RdHighland Park, IL 60035

Property Details for 1505 Lake Cook Rd

Year built

1987

Construction

BRICK

Lot size

3.64 AC

Property size (Sq ft)

353 SF

Property type

Hotels

APN

16-35-309-020

APU

1635309020

Description

This exceptional 149-key hotel, the Courtyard Chicago Highland Park/Northbrook, presents a compelling investment opportunity. Strategically located at 1505 Lake Cook Rd in Highland Park, Illinois (zip code 60035), this hospitality property is situated in Lake County. The precise latitude and longitude coordinates are 42.1534058, -87.8008051, allowing for easy location verification and market analysis. The hotel operates under the Courtyard brand, benefiting from established brand recognition and operational systems. This offering is part of a larger portfolio, but is available for individual acquisition, providing flexibility for investors seeking a standalone asset. Further details regarding the property's financial performance and operational metrics can be found at the provided link (Note: Link removed as per instructions). This presents a unique chance to acquire a well-positioned hotel in a thriving market. The property's size and location make it an attractive prospect for both seasoned investors and those seeking to enter the hospitality sector. Serious inquiries are encouraged to explore this lucrative investment opportunity further. The property is classified as a hotel under the Hospitality property type. This is a turnkey operation ready for immediate ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $120,692

  6.5%

  $111,408

  7%

  $103,451

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,049

  Geo Method

  $108,049

• Alternative Use

  Use

  Valuation

  Residential

  $121,625

  Hospitality

  $111,408

  Educational

  $92,690

  Medical

  $95,878

  Retail

  $144,185

Location Insight

City

Highland Park

County

Lake

State

Illinois

Latitude

42.1535

Longitude

-87.8007

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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