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Courtyard Chicago Glenview Northbrook 1801 Milwaukee Ave 149 Room Hotel Glenview, IL 60025 For Sale
Investment Highlights
- 149 rooms, 3 Stories, built in 1989
- Opportunity to grow RevPAR through completion of the Courtyard PIP (PIP posted to the Virtual Deal Room)
- 3 miles from Chicago’s Executive Airport (PWK), less than 12 miles from Chicago O’Hare International Airport (ORD), under 20 miles from downtown CHI
- Over $4M in Room Revenue; Almost $4.4M in Total Revenue | 63.5% Occupancy @ $119.14 ADR Dec ($75.69 RevPAR) – November 2025
- Available well below replacement cost | Offered unencumbered of management
- Conveniently located off of Interstate 294
Executive Summary
CBRE Hotels is pleased to be the exclusive agent for the sale of the fee-simple interest in the 149-room Courtyard Chicago Glenview/Northbrook in Glenview, IL. The hotel is conveniently located off of Interstate 294 at the intersection of Illinois Route 21/Milwaukee Ave and W Lake Ave. The intersection of Illinois Route 21/Milwaukee Ave and W Lake Ave has a combined Average Daily Traffic Count (ADTC) of 49,200, while Interstate 294 has an Average Daily Traffic (ADTC) of over 148,000, providing excellent regional connectivity to downtown Chicago and is among one of the busiest highways in the Chicago metropolitan area. The hotel benefits from its proximity to major corporate headquarters and large employers, including but not limited to Allstate, Anixter, SurePayroll, Abt Electronics, Illinois Tool Works (ITW), Astellas, UL (Underwriters Laboratories / UL Solutions), and Crate & Barrel. The City of Glenview has a population of almost 50,000 and lies within the Chicago MSA, which boasts a population of nearly 10 million people and is the third-largest MSA in the country. The property is located 3 miles from Chicago’s Executive Airport, less than 12 miles from Chicago O’Hare International Airport (ORD), and just over 20 miles from downtown Chicago, offering an exceptional opportunity to capture a solid mix of business, leisure, convention, and transient demand within one of Chicago’s most established North Shore submarkets.
Property Facts
| Sale Type | Investment | No. Rooms | 149 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1989/2020 |
| Building Class | B | Parking Ratio | 1.64/1,000 SF |
| Lot Size | 3.98 AC | Corridor | Interior |
| Building Size | 85,419 SF | ||
| Zoning | B-2 PD, Glenview | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.98 AC |
| Building Size | 85,419 SF |
| No. Rooms | 149 |
| No. Stories | 3 |
| Year Built/Renovated | 1989/2020 |
| Parking Ratio | 1.64/1,000 SF |
| Corridor | Interior |
| Zoning | B-2 PD, Glenview |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $159.00 | - |
| Guest Room | 137 | $129.00 | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,227,404 | |
| Land Assessment | $975,348 | Total Assessment | $2,202,752 |
Property Taxes
Parcel Numbers
Land Assessment
$975,348
Improvements Assessment
$1,227,404
Total Assessment
$2,202,752
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Courtyard Chicago Glenview Northbrook | 1801 Milwaukee Ave
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