Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Wedding Service
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Hotel & Motel
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Bar & Pub Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning