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$585,000
10,000
square ft

1401 Sheridan Road
Winthrop Harbor, Illinois 60096

Closed / MLS #10448912 / Business / Winthrop Harbor
Listing information updated 3/3/2020 at 4:43pm
This property consists of three separate buildings. The main Motel building is 16 units and four are kitchenettes. This main building also contains an owner/manager apartment that is 3 levels, about 4000 sq feet and a four car garage. The middle building consists of 4 one bedroom apartments that are rented by the month. The house on the south end has a large home with a longer term rental and two additional room rental units. Out of town owner is motivated and says SELL IT! Over 560 ft of Sheridan Rd frontage with 3 maintained buildings.The property has been under new management for the past year and it has been updated and significantly "cleaned up." It is a VERY profitable business and income statements can be available with buyer interest after first showing. Close to Northpointe Marina(fishermen, boaters etc), METRA, shopping, restaurants etc. Taxes shown are for all 5 PIN's and are based on a higher assessed value than the asking price--TAXES WILL BE LOWER with sale.
Lot Size:
1.0-1.99 Acres
Parking Spaces:
50
Cooling System:
Central Air,Chillers,Wall Sleeve,Window Unit/s
Stories:
2
Business Use:
Hotel or Motel
Zoning:
COMMR
Building Square Feet:
10,000
Tax Amount:
$29,867
Tax Year:
N/A
Zip Code:
60096
City:
Winthrop Harbor
County:
Lake

Listing Office: Cornerstone Realty Group, LLC

Listing Office Phone: 847.872.8998

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/3/2020 at 4:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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 listings have been excluded from this website.

Winthrop Harbor

Winthrop Harbor, IL

Situated along the shores of Lake Michigan, Winthrop Harbor is a small community with a big marina. In fact, its North Point Marina is the largest on the Great Lakes, bringing nearly a million visitors to the area each year. Located near the Illinois border, residents enjoy a wealth of recreational...
$283,710
Average Sale Price
41
Average Days On The Market
97%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 1401 Sheridan Road, Winthrop Harbor, IL 60096
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1401 Sheridan Road, Winthrop Harbor, IL 60096 is a business which sold for $585,000. This business has been listed on @properties Christie's International Real Estate since July 11th, 2019.

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