87-Room Limited-Service
For Sale
Contact for pricing
31 N Green Bay Rd, Waukegan, IL 60085
Two-story interior-corridor Motel 6 with 87 furnished rooms, vending, and a patio with adjacent grass pad included.
Property SizeContact for details
Days on Market122
Property Features for 31 N Green Bay Rd
General Information
Standard status
Active
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
vending machines
in-room flat-screen televisions
microwave
refrigerator
work desk
patio area
Building Details
Year Built
1985
Stories
2
Listing Agency:
Marcus & Millichap - Chicago Oak Brook
Listed By:
Ebrahim Valliani · License #IL 475.166215
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 10:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Chicago Oak Brook
Investment Insights
Based on property information with market context.
Motel 6 Waukegan is a two-story, 87-room, limited-service economy hotel built in 1985 with an interior corridor layout. Guest rooms are furnished with a microwave, refrigerator, work desk, and flat-screen television. Common area amenities include vending machines and a patio area that previously functioned as an outdoor pool, along with a grass pad adjacent to the patio that is included in the acquisition.
The property is located on Highway 131 near the interchange with Washington Street in Waukegan, Illinois. Nearby employers and revenue drivers cited include Cardinal Health and Vista Health System, along with Abbott Laboratories and AbbVie Incorporated. Area demand sources listed include Waukegan National Airport and USO of Illinois Great Lakes Center, plus Greenbelt Forest Preserve and Six Flags Great America.
The hotel is offered fee simple and is described as unencumbered by a management contract and debt.
The property is located on Highway 131 near the interchange with Washington Street in Waukegan, Illinois. Nearby employers and revenue drivers cited include Cardinal Health and Vista Health System, along with Abbott Laboratories and AbbVie Incorporated. Area demand sources listed include Waukegan National Airport and USO of Illinois Great Lakes Center, plus Greenbelt Forest Preserve and Six Flags Great America.
The hotel is offered fee simple and is described as unencumbered by a management contract and debt.
Key Highlights
- G6 Hospitality‑branded Motel 6 Waukegan: 87‑room, two‑story, interior‑corridor hotel built in 1985
- 2019 results: exceeded $1,150,000 in room revenue with cash flow above 32% of total revenues (~$383,600 NOI after interest, taxes, DDA)
- 2020 results: maintained cash flow above 34% of total revenues (~$341,480 NOI after interest, taxes, DDA)
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60085, IL
71,609
Population
26,781
Households
2.7
Avg Household Size
33
Median Age
19%
College-Educated
74%
High-School Grad
14.8 sq mi
ZIP Area
4,838
Density / Sq Mi
$64,330
Median Household Income
$35,645
Median Earnings
$1,133
Median Rent
$164,800
Median Home Value
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Similar Off Market Nearby
- Americas Best Value Inn & Suites Waukegan Gurnee — 411 S Green Bay Rd, Waukegan, IL 60085
- Green Bay inn — 630 N Green Bay Rd, Waukegan, IL 60085
- Edward Hotel — 630 N Green Bay Rd, Waukegan, IL 60085
- Bonny's Bistro — 2694 Belvidere Rd, Waukegan, IL 60085
- Motel 6 Waukegan, IL — 31 N Green Bay Rd, Waukegan, IL 60085
Frequently Asked Questions
What type of property is this?
Motel - Two-story interior-corridor Motel 6 with 87 furnished rooms, vending, and a patio with adjacent grass pad included.
Where is this motel located?
The property is located at 31 N Green Bay Rd Waukegan, IL.
What are key features of this property?
This property features: G6 Hospitality‑branded Motel 6 Waukegan: 87‑room, two‑story, interior‑corridor hotel built in 1985; 2019 results: exceeded $1,150,000 in room revenue with cash flow above 32% of total revenues (~$383,600 NOI after interest, taxes, DDA); 2020 results: maintained cash flow above 34% of total revenues (~$341,480 NOI after interest, taxes, DDA)
