40-Room Hotel with Large Parking
New
For Sale
$3,779,000
9110 Waukegan Road, Morton Grove, IL 60053
Two-level lodging property with convenient access to major roads and interstates.
Property Size19,562 SF
Price / SF$193.18
Days on Market5
Property Features for 9110 Waukegan Road
General Information
Standard status
Active
Size
19,562 SF
Property subtype
COMMERCIAL
Additional Details
Highway Access
Yes
Building Details
Building Size
19,562 SF
Buildings
1
Stories
2
Listing Agency:
Century 21 Circle
(773) 983-1553
Listed By:
Mark Ahmad · License #471007186
Source:
Dawnmckennagroup
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 9:44AM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
The Super 8 by Wyndham Hotel in Morton Grove comprises a two-level building with 40 rooms and 19,562 square feet of property size. The property includes a large parking lot and is positioned for hotel operations serving travelers in the Morton Grove and Chicago area.
Located within minutes of major roads and interstates, the hotel is a short distance from O'Hare International Airport and downtown Chicago. Nearby attractions identified in the property information include Navy Pier, museums, theaters, Six Flags Great America, and Golf Mill shopping center, with access to surrounding towns and cities.
Located within minutes of major roads and interstates, the hotel is a short distance from O'Hare International Airport and downtown Chicago. Nearby attractions identified in the property information include Navy Pier, museums, theaters, Six Flags Great America, and Golf Mill shopping center, with access to surrounding towns and cities.
Key Highlights
- Super 8 by Wyndham Hotel with 40 rooms
- Two‑level building with 19,562 square feet of property size
- Large parking lot included
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $352.1k | $18.00 |
| − Vacancy | −$44.0k | −$2.25 |
| EGI | $308.1k | $15.75 |
| − OpEx | −$161.8k | −$8.27 |
| NOI | $146.3k | $7.48 |
19,562 SF · lease $18.00/SF/yr · vacancy 12.50% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.09M
$1.83M – $2.44M
NOI $146,348 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.75M
$5.91M – $7.88M
NOI $472,771 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 60053, IL
25,297
Population
9,546
Households
2.7
Avg Household Size
45
Median Age
52%
College-Educated
90%
High-School Grad
5.1 sq mi
ZIP Area
4,960
Density / Sq Mi
$106,078
Median Household Income
$61,315
Median Earnings
$2,210
Median Rent
$377,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Two-level lodging property with convenient access to major roads and interstates.
Where is this hotel located?
The property is located at 9110 Waukegan Road Morton Grove, IL.
What is the asking price?
The asking price for this property is $3,779,000.
What are key features of this property?
This property features: Super 8 by Wyndham Hotel with 40 rooms; Two‑level building with 19,562 square feet of property size; Large parking lot included
