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    Morton Grove, IL Hospitality Properties for Sale

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    Red Roof Inn Near Chicago
    Updated: Sep 12, 2025
    Red Roof Inn Near Chicago

    9424 Waukegan Road, Morton Grove, IL 60053

    $3,800,000
    0.29 AC lot
    53‑room hotel building
    Proximity to major roads and interstates
    Short distance to O'Hare International Airport
    Easy access to Chicago downtown attractions
    Close to Six Flags Great America and Golf Mill shopping center
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    Super 8 Hotel Near Chicago
    Updated: Apr 2, 2025
    Super 8 Hotel Near Chicago

    9110 Waukegan Road, Morton Grove, IL 60053

    $3,800,000
    0.86 AC lot
    40‑room hotel near major roads and interstates
    Convenient access to O'Hare International Airport and downtown Chicago
    Large parking lot available
    Close to attractions like Navy Pier, museums, and Six Flags Great America
    Budget‑friendly hotel
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 2 Active listings in Morton Grove, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 3 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Development Land
    Mixed-Use Development Land

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    Zoned COMMR, this 2.01-acre downtown Barrington site offers flexibility for retail and residential uses.

    View details
    Mixed-Use Development Site
    Mixed-Use Development Site

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    For-sale 2.01-acre landmark site in Barrington, IL, zoned COMMR and listed at 206 N Cook Street.

    View details
    Motel on High-Traffic Corridor
    Motel on High-Traffic Corridor

    5230 N Lincoln Ave, Chicago, IL 60625

    Contact for pricing

    Operating motel on a high-traffic corridor, positioned near Swedish Hospital and across from a major grocer.

    View details
    Prime Mixed-Use Investment Opportunity
    Prime Mixed-Use Investment Opportunity

    501 S Wells St, Chicago, IL 60607

    Contact for pricing

    Mixed-use property, gateway to the city, billboard opportunity.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Homer Glen Commercial Land
    Homer Glen Commercial Land

    15551 W 143RD Street, Homer Glen, IL 60491

    $4,900,000
    14.00 AC lot

    14 acres in Homer Glen, signaled intersection, high-end commercial development.

    View details
    Commercial Land with Lake Frontage
    Commercial Land with Lake Frontage

    4.73AC 59 Highway, Antioch, IL 60002

    $430,000
    4.73 AC lot

    4.73 acres of commercial land with B-3 zoning.

    View details
    Pad-Ready Commercial Land
    Pad-Ready Commercial Land

    191 88th Avenue, Mokena, IL 60448

    $4,250,000
    17.81 AC lot

    Pad-ready, fully improved commercial site with utilities and roads in place, zoned C1-A for multiple use types.

    View details
    Mokena Commercial Site For Sale
    Mokena Commercial Site For Sale

    191 88th Avenue, Mokena, IL 60448

    $4,250,000
    17.81 AC lot

    Prime commercial land with flexible zoning and high visibility.

    View details

    Off-Market Properties in Morton Grove, IL

    Consider similar Off-Market properties in Morton Grove, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    9110 Waukegan Rd
    MOTEL

    9110 Waukegan Rd, Morton Grove, IL 60053-2119

    $2,460,000
    Estimated value
    0.86 AC lot
    View details
    9424 Waukegan Rd
    MOTEL

    9424 Waukegan Rd, Morton Grove, IL 60053-1352

    $2,455,000
    Estimated value
    0.29 AC lot
    View details
    9424 Waukegan Rd
    MOTEL

    9424 Waukegan Rd, Morton Grove, IL 60053-1352

    $2,455,000
    Estimated value
    0.29 AC lot
    View details

    Morton Grove, IL Hospitality Properties Market Trends and Statistics

    Explore 5 hospitality properties for sale in Morton Grove, IL on our real estate platform.

    Sale prices for hospitality properties in Morton Grove, IL average $3,800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 1
    Motels 1

    Demographics Overview

    Population 25K
    Population Growth (5Y) +6.2%
    Median Household Income $106,078
    College Educated 72.3%

    High-Yield Neighborhoods for Investment

    Identify Morton Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60053 $3.8M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Morton Grove fall within the 50,000 to 100,000 square foot range.

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