Auction! $1,200,000 is suggested opening bid for the online auction, not an asking price. There is an unpublished reserve price that is higher. This approx. 5.67 Acre site at 200 North Green Bay Road in Waukegan, IL is currently improved with a closed, 186 room hotel (former Ramada Inn) with banquet, restaurant and lounge spaces. This property could be redeveloped for a hospitality, senior living or multi-family use, or it could be demolished and replaced with a multitude of uses permitted within its B-3 zoning. Located on busy Green Bay Road next to a Brookside Senior Living facility, this site has more than 900' of frontage, with more than 500' of that frontage on Green Bay Road. Traffic counts are approx. 30,000 vehicles per day. Within a 3-mile radius there is a population of more than 110,000 with an average household income of $90,000. Pre-Auction Offers Highly Encouraged! Note: 6% buyers' premium applies; your client's offer plus 6% =total purchase price.
Based on information submitted to the MLS GRID as of 11/05/2024 09:57 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.
