This Hospitality Property is no longer advertised on LoopNet.com.

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
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 -

Property Taxes

Property Taxes

Parcel Number
04-29-300-097-0000
Land Assessment
$427,939
Improvements Assessment
$647,061
Total Assessment
$1,075,000
  • Listing ID: 20190982

  • Date on Market: 7/7/2020

  • Last Updated:

  • Address: 1535 W Milwaukee Ave, Glenview, IL 60025

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