200 N Green Bay Rd Google Earth Pic 2

Location:

Approx. 5.67 Acre Redevelopment Site Zoned B-3 Improved with Closed, Former Ramada Inn Hotel

Starting bid: $1,200,000.00

Auction has not started yet

Start On: September 16, 2024 11:00 am CDT

Time Until Start: 51 days, 13 hours, 10 minutes

Ending On: September 18, 2024 11:00 am CDT

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Description

Listed in Cooperation with Christopher Stephens, Stephens Group, Dream Town Real Estate

Suggested Opening Bid: $1,200,000.00
Cooperating Broker Commission: 2%
Acres: Approx. 5.67
Zoned: B-3
Frontage: Approx. 900’ (Approx. 500’ on Green Bay Road)
VPD: Approx. 30,000

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.

Link to Zoning Ordinance: https://www.waukeganil.gov/DocumentCenter/View/10026/Unified-Development-Ordinance-Draft-pdf?bidId=

Pre-Auction Offers Highly Encouraged!

Total Bids Placed:

Auction starting September 16, 2024 11:00 am CDT

Auction Information

ONLINE-ONLY AUCTION

Bidding Starts: September 16, 2024 11:00 am CDT

Bidding Ends: September 18, 2024 11:00 am CDT

Location: 200 North Green Bay Road, Waukegan, IL, 60085, United States

How to Submit Pre-Auction Bid

Click on the Pre-Auction Offer Form button on the property page and submit your bid with proof of funds.

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Register: If you do not have an account on this website, click the “Sign-Up” button above and complete the brief registration form. We will then send you an email with a verification link that you must click in order to create a new account.

Important: You must be pre-approved to bid online. Follow these instructions to get approved to bid online:

BID APPROVAL PROCESS:

Review all information and due dilligence documents posted on the property listing on our website.

Read the Terms and Conditions and Purchase and Sale Agreement posted on the property listing on our website.

Wire or overnight the certified funds required to bid on the property (for amount required see Terms and Conditions).

Click the “Register to Bid” button.

You will receive an email notifying you that you have been approved to bid on the property.

If you have any questions, contact us. We would be happy to assist you.

For wiring instructions email: info@awproperties.com or call 847-509-2757.

200 N. Green Bay Floor plans200 N Green Bay Rd Waukegan IL Survey

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