Call for Offers

6600 Mannheim Road, Rosemont, IL 60018

326,232sqft2acre lot

Property Type
Commercial
Status
Under Contract
Occupied
No
Year Built
1966
County
Cook
Coordinates
41.999661, -87.885542
Amenities
Dishwasher
Dishwasher
Fireplace
Fireplace
Garage
Garage
Microwave (Built-in)
Microwave (Built-in)
Oven
Oven
Pool
Pool
Refrigerator
Refrigerator
Security System
Security System
Washing Machine
Washing Machine
Dryer
Dryer
Water Heater
Water Heater
Wine Storage
Wine Storage
Kegerator
Kegerator
Elevator
Elevator
Ice Maker
Ice Maker
HVAC
HVAC (Central)
Water
Water ()

FINAL CALL FOR OFFERS!! All offers due by 4/09/2021 at 12:00 PM CST. Contact agent for details.

Property Overview:

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.

Offer Process:

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:

  1. All offers will be presented to Asset Managers for review.
  2. Asset Manager will review and submit all offers to USMS for consideration with a recommendation to proceed.
  3. The Local Broker will provide a contract package to the prospective Buyer to review and sign. Please see the attached contract, terms, and attachments. It is the Buyer's responsibility to review and approve the attached contract prior to the submission of an offer to purchase.
  4. Buyer returns signed contract, while simultaneously submitting the required earnest money deposit.
  5. Asset Manager will write a case to support the proposed offer while providing information on all offers. Please note it is not an executed contract until USMS signs the contract.
  6. Case is submitted to USMS to review.
  7. USMS chooses to execute or reject the proposed offer.
  8. If executed, Asset Manager returns an executed contract to brokers to distribute to the Buyer.
  9. Contract timelines begin once executed by USMS.
  10. Once any due diligence or financing contingencies are cleared, the earnest money becomes hard, and the contract moves toward close.
  11. Contract closes per the timeline outlined in the agreement, funds are disbursed to all parties.

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.

Broker
Anne Dempsey
+1 (847) 698-8269
Broker ID: 471005418
External Listing
Documents
For questions concerning the purchase of the property or how to make an offer, please contact the listing agent.