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Red Roof Inn Morton Grove 9424 Waukegan Rd 53 Room Hotel Morton Grove, IL 60053 $3,800,000 ($71,698/Room)
Investment Highlights
- Central location to everywhere.
- Blocks to interstate I-90, I-94, and I-294.
- Minutes to Woodfield Mall in Skokie.
Executive Summary
The Red Roof Inn, Morton Grove/Chicago 2-Levels hotel building, 53-rooms, within minutes to major roads, and interstates, short distance to O'Hare International Airport, offers a short distance to Chicago downtown and easy access to numerous attractions of Chicago such as Navy Pier, museums, and theaters, Six Flags Great America, Golf Mill shopping center. The Roof Inn Morton Grove provides comfortable accommodations with a variety of amenities, a practical choice for travelers visiting the Morton Grove area or transiting through O'Hare International Airport.
Property Facts
| Price | $3,800,000 | Building Size | 23,126 SF |
| Price Per Room | $71,698 | No. Rooms | 53 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1959/2018 |
| Property Subtype | Hotel | Parking Ratio | 0.87/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.56 AC | ||
| Zoning | C2, Morton Grove - Commercial, Village of Morton Grove | ||
| Price | $3,800,000 |
| Price Per Room | $71,698 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 23,126 SF |
| No. Rooms | 53 |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2018 |
| Parking Ratio | 0.87/1,000 SF |
| Corridor | Exterior |
| Zoning | C2, Morton Grove - Commercial, Village of Morton Grove |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $120.00 | - |
| Guest Room | 51 | $93.00 | - |
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $548,750 | |
| Land Assessment | $156,250 | Total Assessment | $705,000 |
Property Taxes
Parcel Numbers
Land Assessment
$156,250
Improvements Assessment
$548,750
Total Assessment
$705,000
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Red Roof Inn Morton Grove | 9424 Waukegan Rd