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
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Wed
28
Jan
Thu
29
Jan
Fri
30
Jan
Angela Ketelsen

Angela Ketelsen

+1(815) 980-0144
$775,000
Est. payment /mo
6,270 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Active Under Contract

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

Read Less Info
Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Benjamin Lovinger of  Baird & Warner 

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.

GET MORE INFORMATION

Angela Ketelsen

Angela Ketelsen

+1(815) 980-0144

Agent | License ID: 475192585

Agent License ID: 475192585

Name

Phone*

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Real Broker LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

33950 N US Highway 45 HWY

QUICK SEARCH