Motel 6 Glenview, IL - Chicago North 1535 W Milwaukee Ave 110 Room Hotel Glenview, IL 60025 $6,500,000 ($59,091/Room)
EXECUTIVE SUMMARY
NACRE is pleased to be the exclusive agent in connection with the solicitation of offers to acquire this hotel.
Motel 6 Room Revenue $1.65M, Rooms 110.
Recently PIP done.
Great location, Approximately 14 minutes drive to O'Hare Airport and 34 minutes drive to Chicago Downtown.
Property Tours:
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Motel 6 Room Revenue $1.65M, Rooms 110.
Recently PIP done.
Great location, Approximately 14 minutes drive to O'Hare Airport and 34 minutes drive to Chicago Downtown.
Property Tours:
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
PROPERTY FACTS
| Price | $6,500,000 |
| Price Per Room | $59,091 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 37,294 SF |
| No. Rooms | 110 |
| No. Stories | 2 |
| Year Built/Renovated | 1986/1995 |
| Parking Ratio | 2.41/1,000 SF |
| Corridor | Interior |
| Zoning | PD - Planned Development |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 110 | $62.00 | - |
PROPERTY TAXES
| Parcel Number | 04-29-300-097-0000 | Improvements Assessment | $805,738 |
| Land Assessment | $256,763 | Total Assessment | $1,062,501 |
