Former Hotel
For Sale
Contact for pricing
1550 E Dundee Rd, Palatine, IL 60074
Previously operated as a hotel and fitness facility near the Route 53 and Dundee Road intersection.
Property SizeContact for details
Days on Market142
Property Features for 1550 E Dundee Rd
General Information
Standard status
Active
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Listing Agency:
Colliers - Rosemont, Illinois
(847) 698-8269
Listed By:
Kate Dempsey · License #IL 475.200284
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 11:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Rosemont, Illinois
Investment Insights
Based on property information with market context.
This hotel property previously operated as a Holiday Inn Express and also housed Palatine Fitness. The asset is positioned at the northwest corner of Illinois Route 53 and Dundee Road, providing a recognizable intersection setting for future hospitality or commercial repositioning.
The property is 17.8 miles from O’Hare International Airport and 37.6 miles from Downtown Chicago. Arlington Park Racetrack is a seven-minute drive away and was recently purchased by the Chicago Bears. Nearby employers identified in the property information include United Airlines, Weber Grill, Harper College, and Schneider Electric Holdings. The property is also located within an Opportunity Zone.
The property is 17.8 miles from O’Hare International Airport and 37.6 miles from Downtown Chicago. Arlington Park Racetrack is a seven-minute drive away and was recently purchased by the Chicago Bears. Nearby employers identified in the property information include United Airlines, Weber Grill, Harper College, and Schneider Electric Holdings. The property is also located within an Opportunity Zone.
Key Highlights
- Former Holiday Inn Express property
- Previously occupied by Palatine Fitness
- Northwest corner of Illinois Route 53 and Dundee Road
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
Explore this area
Business Placement
Demographics for 60074, IL
37,705
Population
14,953
Households
2.5
Avg Household Size
38
Median Age
42%
College-Educated
85%
High-School Grad
7.1 sq mi
ZIP Area
5,311
Density / Sq Mi
$81,911
Median Household Income
$45,217
Median Earnings
$1,429
Median Rent
$307,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Hotel - Previously operated as a hotel and fitness facility near the Route 53 and Dundee Road intersection.
Where is this hotel located?
The property is located at 1550 E Dundee Rd Palatine, IL.
What are key features of this property?
This property features: Former Holiday Inn Express property; Previously occupied by Palatine Fitness; Northwest corner of Illinois Route 53 and Dundee Road
