3801 Mannheim Rd Schiller Park, IL 60176
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.