Crowne Plaza Chicago SW Burr Ridge IL

300 S Frontage Rd, Burr Ridge, IL 60527

  • For Sale Auction Sale
  • Property Type Other
  • Property Size 72,438 SF
  • Units 123
  • Lot Size 4.61 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 228
  • Year Built 1970
  • Year Renovated 2015
  • Date Updated Nov 19, 2024
The Crowne Plaza is situated at 300 S Frontage Rd in Burr Ridge, IL. It is conveniently located near major highways, I-55 and I-294, providing excellent connectivity to the broader Chicago MSA. The surrounding area is a professional hub with office complexes and business centers. Despite its commercial focus, the nearby area also has parks, residential neighborhoods, and upscale shopping and dining options just a short drive away. The blend of business and leisure amenities makes this location ideal for work and convenience. Burr Ridge, IL, is an affluent suburban village located 20 miles southwest of downtown Chicago. Known for its scenic views, the village offers a blend of upscale living and natural beauty. It features large homes, tree-lined streets, and a peaceful residential atmosphere. Burr Ridge is also home to a vibrant shopping and dining scene centered around the Burr Ridge Village Center. It provides easy access to major highways, making it a desirable community for professionals seeking an escape from city life while staying connected to Chicago’s urban amenities.Alchemy Real Estate Advisors, in conjunction with RealInsight Marketplace (RIM), is pleased to offer for sale a fee simple interest the 123-room, lender-owned Crowne Plaza Chicago SW Burr Ridge, IL. The hotel entered receivership in February 2020, and a foreclosure was completed in September 2021. The hotel is franchised through a license agreement with IHG, and a third-party management company operates it. The hotel is being offered, unencumbered by debt and management, at a significant discount on replacement costs. It will be sold at the December 11th auction event on RIM.

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Highlights

  • Fee simple interest in the 123-room lender-owned Crowne Plaza Burr Ridge Chicago
  • Offered unencumbered by debt and third-party management at a significant discount to replacement cost
  • Qualified franchisees can retain the Crowne Plaza franchise through a new long-term relicense agreement with IHG upon completion of the PIP
  • Strong operational upside for prospective owners with the hotel under receiver and lender control since 2021
  • DuPage County location avoids the substantially higher real estate tax costs of neighboring Chicago Cook County
  • Walking distance to the 200,000 square foot Burr Ridge Village Center – a Class A, high-end lifestyle and retail mixed-use development
  • Adjacent to and directly visible from the heavily trafficked Interstate 55, with upwards of 150,000 vehicles passing the location daily
  • Burr Ridge is just 20 miles from downtown Chicago and proximate to other major business hubs in the western Chicagoland suburbs, such as Oak Brook, Downers Grove, and Naperville
  • Chicago’s suburban rental market has skyrocketed, tying with Miami for the top spot on RentCafe’s hottest rental markets list after climbing from 16th place last year
  • An $8.5 billion expansion of O'Hare International Airport is currently underway, which will position Chicago as a major international transportation hub and boost economic growth across the region

Contacts

broker

Brent Clemens

Alchemy Real Estate Advisors (AREA)

Location

Getting Around

  • Walk Score ®

    29/100 Car-Dependent

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • City Burr Ridge, IL
  • Neighborhood Burr Ridge
  • Zip Code 60527
  • Market Chicago

Points of Interest

  • Willow Springs

    2.62 miles

  • Clarendon Hills

    3.44 miles

  • Hinsdale

    3.45 miles

  • Western Springs

    3.98 miles

  • Westmont

    4.08 miles

  • Fairview Avenue

    4.71 miles

  • Stone Avenue

    4.77 miles

  • LaGrange Road

    5.04 miles

  • Downers Grove Main Street

    5.36 miles

  • Congress Park

    5.61 miles

  • Shell

    1.18 miles

  • BP

    1.31 miles

  • Citgo

    1.41 miles

  • Mobil

    1.99 miles

  • Marathon

    2.11 miles

  • Speedway

    2.22 miles

  • ChargePoint

    3.40 miles

  • Tesla Supercharger

    6.36 miles

  • Volta Charging Station

    6.58 miles

  • EVgo

    7.63 miles

  • Pace Burr Ridge Park-n-Ride

    0.60 miles

  • Truck Parking

    2.16 miles

  • Henry De Tonty Woods

    2.82 miles

  • Maple Lake Overlook

    2.99 miles

  • Maple Lake East Mountain Bike Staging Area

    3.30 miles

  • Pulaski Woods - East

    3.36 miles

  • Pulaski Woods - South

    3.48 miles

  • Steak n' Shake

    3.82 miles

  • Holy Trinity Parking

    3.84 miles

  • Spears Woods Parking Lot

    4.01 miles

  • Crowne Plaza Chicago SW - Burr Ridge

    0.01 miles

  • Extended Stay America - Chicago - Burr Ridge

    0.22 miles

  • Hampton Inn & Suites

    0.40 miles

  • SpringHill Suites by Marriott Chicago Southwest at Burr Ridge/Hinsdale

    0.62 miles

  • Chicago Marriott Southwest at Burr Ridge

    0.64 miles

  • Red Roof Plus+ Chicago - Willowbrook

    1.14 miles

  • Delta Hotels by Marriott Chicago Willowbrook

    1.19 miles

  • Econo Lodge

    1.20 miles

  • La Quinta Inn Chicago Willowbrook

    1.29 miles

  • The Champagne Lodge and Luxury Suites

    1.81 miles

  • Eddie Merlot's

    0.37 miles

  • Olive Tree

    0.44 miles

  • Stix and Stones

    0.44 miles

  • The Hampton Social

    0.46 miles

  • Yolk

    0.46 miles

  • China King

    0.48 miles

  • Cooper's Hawk

    0.48 miles

  • Wok & Fire

    0.49 miles

  • Topaz

    0.51 miles

  • Capri Ristorante

    0.54 miles

  • Gower Middle School

    0.84 miles

  • Pleasant Dale North School

    1.22 miles

  • Trinity Lutheran School

    1.43 miles

  • Hinsdale South High School

    1.50 miles

  • Pleasantdale South School

    1.70 miles

  • Gower West Elementary School

    1.78 miles

  • Elm Elementary School

    1.82 miles

  • Burr Ridge Middle School

    2.12 miles

  • Hinsdale Central High School

    2.39 miles

  • Highlands Junior High School

    2.47 miles

  • Ready, Set, Grow Child Care Center

    2.78 miles

  • Argonne Child Development Center

    3.35 miles

  • Tutor Time of Downers Grove

    3.85 miles

  • Kindercare

    4.03 miles

  • Little People's Country

    5.00 miles

  • Gladness V Player Early Childhood Center

    5.40 miles

  • KinderCare

    5.70 miles

  • Alphabet Learning Center

    6.20 miles

  • Montessori Children's Community

    6.31 miles

  • Lyon Cub Day Nursery

    6.62 miles

Frequently Asked Questions

How much does Crowne Plaza Chicago SW Burr Ridge IL cost?

The sale price for Crowne Plaza Chicago SW Burr Ridge IL is available upon request. Contact the listing broker for more information.

What is the total square footage of Crowne Plaza Chicago SW Burr Ridge IL?

Crowne Plaza Chicago SW Burr Ridge IL totals 72,438 square feet.

When was this property built?

Crowne Plaza Chicago SW Burr Ridge IL was built in 1970.

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Contact Listing Broker

broker

Brent Clemens

Alchemy Real Estate Advisors (AREA)