Listing Description
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 There is an unpublished reserve price that is higher.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.