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- LoopNet Team
1535 W Milwaukee Ave
Glenview, IL 60025
Motel 6 Chicago North - Glenview · Hospitality Property For Sale
·
110 Rooms

Investment Highlights
- 110-Room, Interior Corridor, Economy Hotel
- Priced Significantly Below Replacement Cost at $42,682 Per Key
- Significant Upside Potential Through Implementation of Strategic Cost Control
- Less than 11 Miles from O’Hare International Airport
- Underperforming Hotel RevPAR Index; Value-Add Opportunity
- Operational Upside for Prospective Hands-On Owner-Operator Investor
Property Facts
| Property Type | Hospitality | No. Rooms | 110 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1986/1995 |
| Lot Size | 1.75 AC | Parking Ratio | 2.41/1,000 SF |
| Building Size | 37,294 SF | Corridor | Interior |
| Zoning | PD - Planned Development | ||
| 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
About 1535 W MILWAUKEE AVE , GLENVIEW, IL 60025
Property Overview: The Motel 6 Chicago North - Glenview is a 110-room, two-story, interior corridor hotel built in 1986. Well-equipped with numerous common area and guest room amenities, this limited-service economy hotel offers spacious guest rooms and lobby space that come furnished with a microwave, refrigerator, work desk, flat-screen television, and laundry facilities. Location Overview: Glenview, Illinois is a city located in Cook County in the northeastern region of the state, 20 miles northwest of Chicago. The Motel 6 Chicago North - Glenview is superbly positioned near Interstate 294 and Highway 21. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include health care, professional services, and finance. Illinois Tool Works (4.9 miles) and Mondelez International Inc. (5.9 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Arthur J Gallagher & Co (10.5 miles) and Abbvie Inc. (12.3 miles). Revenue generators in the area, like Golf Mill Shopping Center (2.9 miles), Allstate Arena (8.3 miles), and the O’Hare International Airport (11.3 miles) help bring additional revenue to the hotel through an increase in transient business.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 110 | $62.00 | - |
Links
Property Taxes
| Parcel Number | 04-29-300-097-0000 | Improvements Assessment | $647,061 |
| Land Assessment | $427,939 | Total Assessment | $1,075,000 |
Property Taxes
Listing ID: 20190982
Date on Market: 7/7/2020
Last Updated:
Address: 1535 W Milwaukee Ave, Glenview, IL 60025
The Hospitality Property at 1535 W Milwaukee Ave, Glenview, IL 60025 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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