1850 McDonough St Office Space for Rent, image 2 of 1

1850 McDonough St

Meadow Estates, Joliet, IL

Features of 1850 McDonough St

Zoning
Year Constructed
0
Year Renovated
0
Building Class

About 1850 McDonough St

Auction :: October 28, 2014

Days Inn Joliet 127 Room, 116 in Service and a Manager's Apt. 1850 McDonough St. | Joliet, IL

OPENING BID :: $950,000 Initial Deposit Required to Bid :: $50,000

:: INVESTMENT SUMMARY

On Tuesday, October 28, 2014, CBRE Auction Services is pleased to present for auction the Days Inn Joliet situated on the southwest side of Joliet, Illinois. More specifically, the hotel is located at 1850 McDonough St. with great visibility and access along I-80 at the Larkin Avenue Exit (Exit 130), approximately three miles from downtown Joliet and 40 miles outside of Chicago. The Days Inn Joliet offers investors the opportunity to acquire a cash flowing asset with upside opportunity along one of the most highly trafficked highways in the greater Chicagoland area.

  • History of solid in place cash flow – 2013 NOI $339K
  • Upside growth potential (penetration index of 59% relative to comp set)
  • Excellent interstate location with average daily traffic of over 82,600 vehicles
  • Approximately 45 minutes from downtown Chicago
  • Number of units: 127

Internet Providers for 1850 McDonough St

Provider Technology Max Download Speed Max Upload Speed
1 Gb/s: Comcast Cable
1 Gb/s
1 Gb/s
3 Mb/s: AT&T Illinois DSL
25 Mb/s
3 Mb/s
1.5 Mb/s: MegaPath Corporation DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Meadow Estates

Meadow Estates
Median Rate
/sqft/yr
Chicagoland
Median Rate
$26
/sqft/yr

Median Rate over Time in Meadow Estates

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