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    9232 Waukegan Rd Morton Grove, IL 60053

    For Lease
    $14 SF/Yr

    Commercial Lease - Morton Grove, IL

    Days on Market:
    27
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 9232 Waukegan Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1991
    Number of units
    4
    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 465-4200 License #471007186

    Listing date Nov 10, 2025

    MLS# 12514884 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Morton Grove Commercial Space Lease

    This commercial space for lease offers approximately 3,500 square feet of available space. It is situated in a neighborhood plaza at the signalized intersection of Waukegan Road and Beckwith Road, providing excellent visibility and access within a busy business and commercial corridor. The location at the traffic light intersection of Waukegan Road and Beckwith Road enhances its accessibility. The space is suitable for multiple uses, including doctors' offices, dentists' offices, accountants' offices, attorneys' offices, retailers, spas, and various other businesses and professionals. The layout includes a reception area, an open space, and three single rooms. The property is within walking distance of public transportation and is located within minutes of major roads and interstates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ruby Indo Pak ... Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morton Grove
    County
    Cook
    State
    Illinois
    Longitude
    -87.7998153
    Latitude
    42.0493076

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    FAQs

    What type of property is this?
    Retail space - Prime commercial space in a busy business corridor for lease.
    Where is this retail space located?
    The property is located at 9232 Waukegan Rd Morton Grove, IL.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Prime commercial space with excellent visibility at a signalized intersection.; - Approx. 3,500 sq. ft. of flexible space suitable for various businesses.; - Located in a busy business/commercial corridor.
    (773) 465-4200
    Request Owner's contact information
    9232 Waukegan Rd Morton Grove, IL 60053
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    Morton Grove, IL 60053
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9232 Waukegan Rd Morton Grove, IL 60053
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