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Two-Story Retail Space
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9224 Waukegan Road, Morton Grove, IL 60053

Former restaurant improvements include a full kitchen, parking, and commercial frontage along Waukegan Road.

Property Size4,321 SF
Price / SF$0.00
Days on Market274

Property Features for 9224 Waukegan Road

General Information

Standard status Active
Size 4,321 SF
Property subtype Commercial
Zoning COMMR

Site & Location

Traffic Count 28,600 vehicles/day
Highway Access Yes
Road Access Yes

Taxes and HOA fees

Annual Taxes $16,048

Building Details

Building Size 4,321 SF
Year Built 1949
Buildings 1
Stories 2
Listing Agency: Partners 4U Realty Inc.
Listed By: Paul Kim · License #475149169
Source: Perillorealestategroup
Added: Nov 5, 2025 Changed: Aug 3 Last Checked: Aug 5 at 1:59PM

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 Partners 4U Realty Inc.

Investment Insights

Based on property information with market context.

This 4,321 SF, two-story retail building was constructed in 1949 and previously operated as a restaurant. The existing layout includes a full kitchen, while on-site parking supports customer access. A cell-tower lease agreement is also associated with the property, and zoning is designated COMMR.

The building fronts Waukegan Road, which carries 28,600 vehicles per day. It sits east of Milwaukee Ave and west of the I-94 Expressway, with residential households and a range of retail tenants in the surrounding area. The combination of a visible roadside position, restaurant infrastructure, and established commercial surroundings supports a range of retail-oriented uses.

Key Highlights

  • 4,321 SF two‑story retail building constructed in 1949
  • Former restaurant layout with full kitchen
  • Cell‑tower lease agreement associated with the property

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Locksmith (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

28,600 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

618
Businesses Nearby
92k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 45% Shops & Services 31% Dining 20% Hotels & Casinos 3%
Mariano's Groceries
41,673 visits/mo 0.1 miles
Popeyes Louisiana Kitchen Dining
9,673 visits/mo 0.1 miles
Shell Shops & Services
9,632 visits/mo 0.3 miles
Dunkin' Donuts Dining
8,360 visits/mo 0.1 miles
goodstop by Casey's Shops & Services
6,256 visits/mo 0.1 miles

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Former restaurant improvements include a full kitchen, parking, and commercial frontage along Waukegan Road.
Where is this retail space located?
The property is located at 9224 Waukegan Road Morton Grove, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: 4,321 SF two‑story retail building constructed in 1949; Former restaurant layout with full kitchen; Cell‑tower lease agreement associated with the property
More about this property
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