3801 Mannheim Rd Schiller Park, IL 60176
- Hospitality properties
- 2.97 lot acres
Current Use by Public Records
- Maestro Manor / Banquet Hall
- Quality Inn O'Hare Airport / Hotel
- Q Bar & Grill / Pizza Takeout / Restaurant
Property Details for 3801 Mannheim Rd
- Year built
- 1961
- Lot size
- 2.97 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Schiller Park
- County
- Cook
- State
- Illinois
- Longitude
- -87.8848
- Latitude
- 41.9476
