USAILGrayslake33950 N Us Highway 45
33950 N Us Highway 45, Home with 0 bedrooms, 0 bathrooms and null parking in Grayslake IL | Image 1
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$775,000

33950 N Us Highway 45, Grayslake, IL

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Business Opportunity
Size -
Garage No
HOA Fees 
Taxes $14,508
Days Active 13
Approx. Age 
MLS® Number 12426734

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Incredible investment opportunity at the Country Motel located at 33950 W Hwy 45 in Gages Lake, IL. This 11-room motel is centrally located between Chicago and Milwaukee and directly adjacent to the College of Lake County, offering excellent potential for student housing conversion. The property generated $171, 000 in revenue and $110, 000 in NOI in 2024, with current owners operating efficiently and maintaining a strong local reputation. The owner's suite can be converted into a 12th unit, and nightly rates currently average just $70, presenting significant value-add potential. Ideal for investors seeking cash flow with multiple repositioning options including long-term rentals, Airbnb, or continued motel use. Conveniently located near Six Flags Great America, Gurnee Mills, Lake Michigan, and major employers.Show Description
MLS® Number12426734
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CWindow Unit(s)
Heating Fuel

Extras

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