815-543-9448
1801 Milwaukee Ave, Glenview, IL for Sale
Hospitality - FOR SALE
1/10
null | Request Cap Rate


HIGHLIGHTS

  • 149 rooms, 3 Stories, built in 1989
  • Over $4M in Room Revenue; Almost $4.4M in Total Revenue | 63.5% Occupancy @ $119.14 ADR Dec ($75.69 RevPAR) – November 2025
  • Opportunity to grow RevPAR through completion of the Courtyard PIP (PIP posted to the Virtual Deal Room)
  • Available well below replacement cost | Offered unencumbered of management
  • 3 miles from Chicago’s Executive Airport (PWK), less than 12 miles from Chicago O’Hare International Airport (ORD), under 20 miles from downtown CHI
  • Conveniently located off of Interstate 294

OVERVIEW

CBRE Hotels is pleased to be the exclusive agent for the sale of the fee-simple interest in the 149-room Courtyard Chicago Glenview/Northbrook in Glenview, IL. The hotel is conveniently located off of Interstate 294 at the intersection of Illinois Route 21/Milwaukee Ave and W Lake Ave. The intersection of Illinois Route 21/Milwaukee Ave and W Lake Ave has a combined Average Daily Traffic Count (ADTC) of 49,200, while Interstate 294 has an Average Daily Traffic (ADTC) of over 148,000, providing excellent regional connectivity to downtown Chicago and is among one of the busiest highways in the Chicago metropolitan area. The hotel benefits from its proximity to major corporate headquarters and large employers, including but not limited to Allstate, Anixter, SurePayroll, Abt Electronics, Illinois Tool Works (ITW), Astellas, UL (Underwriters Laboratories / UL Solutions), and Crate & Barrel. The City of Glenview has a population of almost 50,000 and lies within the Chicago MSA, which boasts a population of nearly 10 million people and is the third-largest MSA in the country. The property is located 3 miles from Chicago’s Executive Airport, less than 12 miles from Chicago O’Hare International Airport (ORD), and just over 20 miles from downtown Chicago, offering an exceptional opportunity to capture a solid mix of business, leisure, convention, and transient demand within one of Chicago’s most established North Shore submarkets.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

149

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard Chicago Glenview Northbrook

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1989

PARKING SPACES

140

LAND DETAILS

LAND ACRES

3.98 AC

LAND SF

173,369 SF

ZONING

B-2 PD, Glenview

APN/PARCEL ID

04-30-210-098-0000,04-30-401-004-0000

ASK ABOUT THIS PROPERTY

Scott MillerCBRE, Inc.More Info
815-543-9448

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Scott MillerCBRE, Inc.More Info
815-543-9448

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.