Advertise
    Waukegan, IL
    Motel

    Waukegan, IL Motels for Sale

    Notify Me
    List
    Map
    North Chicago, IL Park City, IL Gurnee, IL Chicago, IL Beach Park, IL Zion, IL Lake Bluff, IL Wadsworth, IL
    87-Room Limited-Service Hotel
    Updated: Apr 12
    87-Room Limited-Service Hotel

    31 N Green Bay Rd, Waukegan, IL 60085

    Contact for pricing
    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)
    RevPAR outperformed competitive set with RevPAR penetration index of 105% in 2020 and 130% in 2019
    Common area amenities include vending machine and patio area (former outdoor pool), plus adjacent grass pad included in the sale
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Waukegan, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historical Motel with Monthly Rentals
    Historical Motel with Monthly Rentals

    1159 S Shore Drive, Holland, MI 49423

    $1,850,000
    6,000 sqft 0.80 AC lot

    For sale historical motel with 14 monthly rental units and nearby lake access with multiple entry points.

    View details
    Chicago Motel Near Obama Library
    Chicago Motel Near Obama Library

    6535 S King Drive, Chicago, IL 60637

    $3,500,000
    0.40 AC lot

    53-room motel in Chicago's Woodlawn neighborhood, near Hyde Park.

    View details
    Historical Motel Near Lake Macatawa
    Historical Motel Near Lake Macatawa

    1159 S Shore Drive, Holland, MI 49423

    Contact for pricing
    6,000 sqft

    Historical motel with monthly rentals near Lake Macatawa.

    View details
    Motel on High-Traffic Corridor
    Motel on High-Traffic Corridor

    5230 N Lincoln Ave, Chicago, IL 60625

    Contact for pricing

    Operating motel on a high-traffic corridor, positioned near Swedish Hospital and across from a major grocer.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    High-Visibility Highway Commercial Land
    High-Visibility Highway Commercial Land

    Blue Star Highway lot: 2, Fennville, MI 49408

    $300,000
    2.75 AC lot

    Cleared highway exit land in a C-3 district for a range of commercial and service uses.

    View details
    Commercially Zoned Corner Land
    Commercially Zoned Corner Land

    7900,7990,7996 N Alger Road, Alma, MI 48801

    $2,100,000
    8.00 AC lot

    Large commercial parcel with utilities on site and strong expressway visibility for restaurant, lodging, and complementary uses.

    View details
    Fully-Developed Commercial Land Lot
    Fully-Developed Commercial Land Lot

    5239 Oak Crest Hill Rd SE, Hills, IA 52235

    $323,980
    1.25 AC lot

    Commercially zoned, utility-served lot with strong visibility off Highway 218 for flexible development concepts.

    View details
    Commercial-Industrial Land with Utilities
    Commercial-Industrial Land with Utilities

    5241 Oak Crest Hill Rd SE, Hills, IA 52235

    $321,385
    1.24 AC lot

    Fully developed lots with city water and sewer, positioned for commercial and industrial use with highway visibility.

    View details

    Waukegan, IL Motels Market Trends and Statistics

    Explore 1 motels for sale in Waukegan, IL on our real estate platform.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Motels 1

    Demographics Overview

    Population 100K
    Population Growth (5Y) +2.8%
    Median Household Income $68,390
    College Educated 16.7%

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Lake County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Waukegan fall within the 100,000+ square foot range.

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Waukegan, IL

    Popular Categories

    Most Searched ZIP Codes in Waukegan, IL

    • 60085

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!