Hyatt House Hotel Outlot - Development Opportunity For Sale or Lease

Highlights

Description

The subject property is an out parcel available for sale or lease on the newly built Hyatt House Hotel in Oakbrook, IL, in the County of DuPage. The property features 45 parking spaces and available monument and building signage facing 22nd Street. The parcel is located 1.5 miles east of Oakbrook Center and is at the entrance to the Windsor Business Park, a 3.7M square foot commercial development. The entrance to the park opens at the subject site. Historically low DuPage County property taxes offer a huge advantage compared to neighboring counties like Cook. Coupled with this high visibility and highly trafficked location, this is an ideal spot for a restaurant, coffee/deli, or retail services.

The subject property is an out parcel available for sale or lease on the newly built Hyatt House Hotel in Oakbrook, IL, in the County of DuPage. The property features 45 parking spaces and available monument and building signage facing 22nd Street. The parcel is located 1.5 miles east of Oakbrook Center and is at the entrance to the Windsor Business Park, a 3.7M square foot commercial development. The entrance to the park opens at the subject site. Historically low DuPage County property taxes offer a huge advantage compared to neighboring counties like Cook. Coupled with this high visibility and highly trafficked location, this is an ideal spot for a restaurant, coffee/deli, or retail services.

Oak Brook is an affluent village located just 19 miles west of downtown Chicago and minutes from O'Hare International Airport. A 2010 census showed a population of just under 8,000 people with a very comfortable median household income of just over $150,000 and a median home value of well over $700,000. While the full-time population is low, the daytime population is significantly higher at 82,285. This is because Oak Brook, along with is prestigious neighbors such as Oakbrook Terrace, Downers Grove and Naperville, are known as a major commercial hub in Northern Illinois.

Oak Brook is home to headquarters of many major corporations including Ace Hardware, Blistex, Federal Signal, CenterPoint Properties, Sanford L.P., TreeHouse Foods, and Lions Clubs International. Oak Brook also features many outstanding hotels including Hilton and the Drake Hotel, and fine dining such as Mike Ditka's Restaurant, The Clubhouse, and Gibson's Steakhouse to name a few. Oak Brook is also home to the Oakbrook Center, the second-largest shopping center in the Chicago Metropolitan Area, surpassed only by Woodfield Mall in Schaumburg.

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