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33950 N US Highway 45 Highway Grayslake, IL $ 775,000
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$ 775,000 Get more info
33950 N US Highway 45 Highway
$ 775,000
Back to search
Share Save

33950 N US Highway 45 Highway

Grayslake, IL, 60030
$ 775,000
Bedrooms-- Baths-- Sq 6,270

Monthly Estimate*

$ 4,835

33950 N US Highway 45 Highway, Grayslake, IL 60030 - Image 1
33950 N US Highway 45 Highway, Grayslake, IL 60030 - Image 2
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33950 N US Highway 45 Highway, Grayslake, IL 60030 - Image 10

Commercial Property for sale in Grayslake, IL

for $775,000. This 6,270 square foot building was built on a lot size of 0.819995.

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.

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Commercial Active

Price

$ 775,000

Property Type

Commercial

Taxes

$ 14,508

Style

Hotel/Motel

Lot Size

0.819995

Town/City

Grayslake

County/Region

Lake

MLS | Web ID

12426734
Features
General
Cooling Window Unit(s)
Possession Closing Negotiable
Zoning COMMR
Stories Count 1
Tax Year 2024
Business Type Hotel/Motel
Business Name COUNTRY MOTEL
County Lake
Operating Expense 61000
Property Type Business Opportunity Bus / Bus w/Real Est
Status Active
Directions E Belvidere Rd to North on US Hwy 45 to 33950 US Hwy 45
City Grayslake
MLS Area Gages Lake / Grayslake / Hainesville / Third Lake
Lot Size Square Feet 35719
Tax Annual Amount 14508
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 6270
Lot Dimensions 0.82 ACRES
Waterfront Y/N N
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* Excluded Features
List By
Baird & Warner

Broker

Ben.Lovinger@bairdwarner.com

Email

Affordability Calculator

$6,044
Per Month
80%
20%
0%
Monthly Principal & Interest
$4,835
Monthly Property Taxes
$1,209
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
7/29/2025$775,000 Listed Price

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33950 N US Highway 45 Highway, Grayslake, IL, 60030 is a Commercial Property for sale at $775,000 with 6,270 sqft and a lot size of 0.819995. The property's zip code is 60030 which is in Grayslake, IL

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