Motel on High-Traffic
For Sale
Contact for pricing
Pending
5230 N Lincoln Ave, Chicago, IL 60625
Operating motel on a high-traffic corridor, positioned near Swedish Hospital and across from a major grocer.
Property SizeContact for details
Days on Market136
Property Features for 5230 N Lincoln Ave
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
Marcus & Millichap - Chicago Downtown
(312) 636-6383
Listed By:
Kyle Stengle · License #IL 475.138461
Source:
Crexi
Added: Apr 12
Changed: Aug 22
Last Checked: Aug 22 at 2:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Downtown
Investment Insights
Based on property information with market context.
The property operates as a motel and offers the option to continue the existing operation or pursue an as-of-right build. Set within a surrounding area of residential dwellings, the site is positioned on a high-traffic corridor.
The location places the property across from a major Chicago grocer, Tony’s, and a short distance from Swedish Hospital. Lincoln Square is known for its mix of restaurants, bars, boutiques, and entertainment, contributing to a steady demand base in the surrounding neighborhood.
This offering is presented for sale as a hospitality property with continued motel use in place, along with an as-of-right redevelopment pathway, depending on an investor’s or operator’s plans.
The location places the property across from a major Chicago grocer, Tony’s, and a short distance from Swedish Hospital. Lincoln Square is known for its mix of restaurants, bars, boutiques, and entertainment, contributing to a steady demand base in the surrounding neighborhood.
This offering is presented for sale as a hospitality property with continued motel use in place, along with an as-of-right redevelopment pathway, depending on an investor’s or operator’s plans.
Key Highlights
- Operating motel at 5230 North Lincoln Avenue in Chicago’s Lincoln Square neighborhood
- Located on a high‑traffic corridor surrounded by residential dwellings
- Opportunity to continue the existing motel operation or build as‑of right
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,409
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60625, IL
76,525
Population
33,932
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
87%
High-School Grad
3.8 sq mi
ZIP Area
20,138
Density / Sq Mi
$85,299
Median Household Income
$48,314
Median Earnings
$1,455
Median Rent
$396,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Motel - Operating motel on a high-traffic corridor, positioned near Swedish Hospital and across from a major grocer.
Where is this motel located?
The property is located at 5230 N Lincoln Ave Chicago, IL.
What are key features of this property?
This property features: Operating motel at 5230 North Lincoln Avenue in Chicago’s Lincoln Square neighborhood; Located on a high‑traffic corridor surrounded by residential dwellings; Opportunity to continue the existing motel operation or build as‑of right
