Yes, if it's a liquidating distribution, there's a chance the depreciation recapture could be considered an ordinary income asset. If that's the case, there is no net gain, but you could have ordinary income offset by capital loss. That's why it is important to see how it will be presented on the return. It will depend on the assumptions of fair value for each piece of the property (land, building, equipment, etc). However, this should be a situation where any ordinary income is offset by capital loss. Since OP says he has other LLCs, there may be a chance to merge this one into one of those that will survive and then make a nonliquidating distribution of property. I don't know if the IRS would respect that as an assets-over merger, but that could be an option to avoid the hot assets issue.

One thing I hadn't thought about is whether there is a mortgage that would be called by the bank in a case where the property changes hands. That could complicate things.