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123 Skokie Highway

Lake Bluff, IL 60044
  • $1,800,000
  • STATUS: Active
  • ON SITE: 257 Days
  • MLS #: 11408286
UPDATED: 60 min ago
$1,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

Description

Family owned and operated for decades. This is a once-in-a-lifetime investment opportunity to own your own business, live on-site, and run your own business. By The Way Motel is an updated and improved 20-unit motel plus a 3 bedroom 2 1/2 bath single family home with a 2.5 car garage with value-added land. Fenced-in private yard. Major frontage along busy Skokie Highway "safety buffer" road in front for easy access. Pride of Ownership shows throughout. County jurisdiction so low utilities, taxes and operational costs. Call for confidential financials. Ownership is not to be interrupted. Upgraded units throughout.

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© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2023-01-31T09:59:16.173 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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123 Skokie Highway Lake Bluff, IL 60044

  • Price: $1,800,000
  • Status: Active
  • On Site: 257 Days
  • Updated: 60 min ago
  • MLS #: 11408286
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Lake Bluff
County:
Lake
Area:
Lake Bluff
Property Description
Family owned and operated for decades. This is a once-in-a-lifetime investment opportunity to own your own business, live on-site, and run your own business. By The Way Motel is an updated and improved 20-unit motel plus a 3 bedroom 2 1/2 bath single family home with a 2.5 car garage with value-added land. Fenced-in private yard. Major frontage along busy Skokie Highway "safety buffer" road in front for easy access. Pride of Ownership shows throughout. County jurisdiction so low utilities, taxes and operational costs. Call for confidential financials. Ownership is not to be interrupted. Upgraded units throughout.
Exterior Features

Frontage Type City StreetCounty RoadEasementFrontage RoadInterstatePublic RoadState RoadUs HighwayInterchange Lot Size 3.0-3.99 Acres Outdoor Parking 51-100 Spaces Parking Total 50 Roof CompositionFiberglass Waterfront YN No

Interior Features

Cooling Central AirCentral IndividualSpace PacWall SleeveWindow Unit(S) Heat Ventilation Central Bldg HeatCentral Heat/Indiv ControlsElectricForced AirGasHot WaterRadiatorsWall Unit Miscellaneous Inside Common Meeting Room/SHandicapped AccessJanitorial ServiceMulti-TenantPrivate Restroom/SStorage InsideOtherFurnished Units AvailableLaundry Room

Property Features

Additional Parcels YN Yes Adjusted Net Income 0 Adjusted Net Income Year 2021 Annual Rent For Real Estate 0 Building Area Total 12000 Business Age 11+ Years Business Type Hotel/MotelService/Misc. Corporate Limits Lake Bluff Current Use CommercialOther Electric Service - 101 To 200 Amps Gross Profit Year 2021 Gross Sales Annual 0 Gross Sales Annual Year 2021 Location Central Business DistrictCommercial Business ParkCornerMixed Use AreaOffice ParkPublic Transport AvailFree Standing/Urban Mls Actual Status Active Operating Expense 0 Ownership Types Individual Possible Use CommercialIndustrialLiquor LicenseMobile HomeOffice And ResearchRecreationalRetailSpecial Use Property Offered For Sale Only Real Estate Included Yes Sale Price Includes LandBuildingBusinessLicense/PermitEquipmentInventoryCustomer ListOwner Will TrainCov Not To CompeteOther (See Remarks)Phone NumberBusiness NameKey Money/Good Will Tax Annual Amount 12270 Tax Year 2021 Tenant Pays Air ConditioningCommon Area MaintenanceElectricityHeatJanitorial ServiceTaxesInsuranceRepairsRoofScavengerSewerGas Type Bus / Bus W/Real Est Type Of Lease None Utilities Electric To SiteGas To SiteSeptic-PrivateWater-CommunityWell Private Zoning Other

Listing information © 2023 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 312-981-5500.


© 2023 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Suburban Life Realty. Based on information submitted to the MRED as of 2023-01-31T09:59:16.173 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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Suburban Life Realty
350 Sundown Rd.
South Elgin IL, 60177