The former Edward Hotel is a charming 9-story mid-rise located just 1.5 miles from O'Hare International Airport in the Chicago suburb of Des Plaines, Illinois. This Hotel is situated on 2.04+/- Acres and boasts approximately 220,000+/- square feet of commercial space throughout, including a gorgeous Panoramic Penthouse Ballroom perfect for weddings and other events. The 9th floor has expanded ceiling height and consists of the ballroom and bi-level suites, which are approximately 1,026+/- square feet and floors 2-8 consists of 274 guestrooms, averaging approximately 325+/- square feet up to 600+/- square feet throughout the junior and executive suites. The site also includes an Indoor pool with an outdoor sundeck and kiddie pool with a water feature. Among the several amenities on site including a Laundry Center, Marketplace, Spa and Business center with 9 meeting rooms, the property is ideally located within walking distance of the Allstate arena where guests can attend sporting events and concerts or travelers can drive/take the train into Chicago & stroll along the Magnificent Mile or marvel at the view from atop the Willis Tower. With the numerous amenities and the many thrilling attractions abound in Rosemont and the Chicago area, this site is well suited to fulfill your commercial needs. Additionally, The site is ready to reopen as a hotel, or potentially be utilized for self storage, a medical office, or a newly developed mixed use multi-family facility. Endless opportunities avail.
PROPERTY SOLD "AS-IS". BUYER AND/OR BUYER'S AGENT RESPONSIBLE FOR VERIFYING ALL PERTINENT INFORMATION DEEMED RELEVANT BY THE PROSPECTIVE BUYER INCLUDING BUT NOT LIMITED TO SQUARE FOOTAGE, ACREAGE, UTILITIES, TAXES, PERMITTING, CONDITION, SCHOOL ZONES, HOA'S, ETC.
Buyers should submit offers utilizing a letter of intent and due by April 9th, 2021, at 12:00 PM CST. Buyers may request an outline for the letter of intent from the listing agent. Once an offer/offers are submitted, the following procedure will be implemented for offer review:
PLEASE NOTE ALL OFFERS AND SOURCE OF FUNDS WILL BE REVIEWED AT TIME OF OFFER SUBMISSION BY USMS AND DOJ.
USMS and DOJ reserves the right to change the above process, reject all offers, call for a best and final, or cancel the sale.