UPDATED 02/16/12 11:48 a.m.

WAUKEGAN, Ill. (CBS) — An investigation is underway after police shot and killed an armed suspect in far north suburban Waukegan.

The incident happened around 8:30 p.m. Wednesday at the Holiday Inn Express in the 600 block of Lakehurst Road in Waukegan. Police had been called to the scene to check out reports of a man with a gun.

LISTEN: WBBM Newsradio’s Regine Schlesinger reports

When police arrived, the man — identified as John Corcoran, 34, of Waukegan — pulled out the handgun. One of the officers opened fire when the suspect refused to drop it.

Corcoran was pronounced dead on the scene at 11:20 p.m., according to Lake County Coroner Artis Yancey.

Preliminary investigation by the coroner’s office confirms he suffered a gunshot, but the cause and manner of death will not be official until an autopsy is performed Friday morning, Yancey said.

The Lake County Major Crimes Task Force is investigating.

The Sun-Times Media Wire contributed to this report.

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