33950 North Us Highway 45 Highway, Grayslake, IL

$775,000

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About 33950 North Us Highway 45 Highway

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.

Features of 33950 North Us Highway 45 Highway

MLS® # 12426734
Price $775,000
Bathrooms 0.00
Acres 0.00
Type Business Opportunity
Sub-Type Bus / Bus w/Real Est
Status Active

Community Information

Address 33950 North Us Highway 45 Highway
Area Gages Lake / Grayslake / Hainesville / Third Lake
City Grayslake
County Lake
State IL
Zip Code 60030

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Window Unit(s)
Fireplace No
Has Basement No

Additional Information

Days on Market 86
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBaird & Warner
Contact Infolibertyville@bairdwarner.com

Listing Map

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