IL > Grayslake
Grayslake, IL 60030,33950 N US Highway 45 HWY
Grayslake, IL 60030,33950 N US Highway 45 HWY
Grayslake, IL 60030,33950 N US Highway 45 HWY
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$775,000
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6,270 SqFt
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33950 N US Highway 45 HWY Grayslake, IL 60030

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Dennis & Karen

Dennis & Karen

+1(219) 213-3346

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Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active

Purchase Type For Sale

Square Footage 6,270 sqft

Price per Sqft $123

MLS Listing ID 12426734

Annual Tax Amount $14,508

Tax Year 2024

Lot Dimensions 0.82 ACRES

Property Sub-Type Bus / Bus w/Real Est

Property 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.

Location

State IL

County Lake

Area Gages Lake / Grayslake / Hainesville / Third Lake

Zoning COMMR

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Bus / Bus w/Real Est

Level or Stories 1

Midwest Real Estate Data (MRED) IDX
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Benjamin Lovinger • Baird & Warner

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Dennis & Karen

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+1(219) 213-3346

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33950 N US Highway 45 HWY

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