Lake, US
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.
Courtesy Of: Baird & Warner
General Features
- List Date:
- 07/29/2025
Exterior Features and Amenities
- Lot Size Dimensions:
- 0.82 ACRES
Financial
- Days On Market:
- 24
- Tax Annual Amount:
- $14,508.00
- Tax Year:
- 2024
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Data last updated: 2025-12-19.
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