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    Property profile & analytics

    611 Lakehurst Rd Waukegan, IL 60085-6707

    • Hotels
    • 56,944 SF
    • 2.14 lot acres
    OFF-MARKET
    Value Estimation
    $800,000
    Location Intelligence
    Property ID
    US28-1205260
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Holiday Inn Express & Suites Chicago North-Waukegan-Gurnee, an IHG Hotel / Hotel / Conference Center
    • RockItCoin Bitcoin ATM / Crypto Atm

    Property Details for 611 Lakehurst Rd

    Year built
    2008
    Construction
    BRICK
    Lot size
    2.14 lot acres
    Property size
    56,944 SF
    Property type
    Hotels
    APN
    07-36-103-017
    APU
    736103017

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $790,000

    • CAP approach

      CAP return
      Estimation
      6%
      $870,000
      6.5%
      $940,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $835,000
      Geo Method
      $835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $895,000
      Retail
      $1,030,000
      Mixed-Use
      $890,000
      Hospitality
      $815,000
      Educational
      $1,035,000
      Residential Income
      $1,080,000
      Energy
      $1,005,000
      Income-Based Land
      $880,000
      Food Service
      $875,000

    Location Insight

    • Map
    • Local Demand
    City
    Waukegan
    County
    Lake
    State
    Illinois
    Longitude
    -87.8971
    Latitude
    42.3395
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $160,022
    $217,882
    $1,117,551
    $1,335,433
    -
    $653,711
    $3,352,988
    $4,006,699

    Comparable in this City

    • Value Estimation
      $6,835,000
      21,234 SF

      1440 White Oak Dr

      HOTEL • 21,234 SF
      1440 White Oak Dr, Waukegan, IL 60085-8300
      View Details
    • Value Estimation
      $1,150,000
      10,000 SF

      200 Grn Bay Rd

      HOTEL • 10,000 SF
      200 Grn Bay Rd, Waukegan, IL 60085-4411
      View Details
    • Value Estimation
      $755,000
      15,960 SF

      680 Grn Bay Rd

      HOTEL • 15,960 SF
      680 Grn Bay Rd, Waukegan, IL 60085-7007
      View Details
    • Value Estimation
      $2,045,000
      60,564 SF

      3730 Casimir Pulaski Dr

      HOTEL • 60,564 SF
      3730 Casimir Pulaski Dr, Waukegan, IL 60085
      View Details
    • Value Estimation
      $8,935,000
      76,380 SF

      4101 Fountain Sq Pl

      HOTEL • 76,380 SF
      4101 Fountain Sq Pl, Waukegan, IL 60085-6716
      View Details
    • Value Estimation by Request
      73,873 SF

      438 Lakehurst Rd

      HOTEL • 73,873 SF
      438 Lakehurst Rd, Waukegan, IL 60085-6604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.39 Acres

      Waukegan Commercial Development Land

      0.39-Acre Site, Ground Lease Available
      2301 Belvidere Rd, Waukegan, IL 60085
      View Details
    • $688,500
      3,060 SF

      Park City Medical Office Building

      Profitable Medical Office in IL
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    • $515,000
      1,500 SF

      Waukegan Retail Investment Opportunity

      High-yield, single-tenant retail property with long-term lease.
      2000 Grand Ave, Waukegan, IL 60085
      View Details
    • $3,065,680
      14,868 SF

      Triple-Net Leased Retail Portfolio

      Illinois Retail Investment, 100% Occupied
      3331 Belvidere Rd, Park City, IL 60085
      View Details
    • Contact for pricing

      Commercial Land Near City Hall

      Commercial land for sale near established businesses and city hall.
      3298 7Th St, Park City, IL 60085
      View Details
    • $750,000
      10,894 SF

      Waukegan Office Building For Sale

      Well-maintained office building in prime location, ideal for investors.
      222 N County St, Waukegan, IL 60085
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr

      Retail Space in Waukegan Center

      Retail spaces available in neighborhood shopping center on Grand Ave.
      2603 Grand Ave, Waukegan, IL 60085
      View Details
    • $12 SF/Yr

      Retail Space on Green Bay Road

      Retail space for lease with high traffic exposure.
      511 S Green Bay Rd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Grocery Anchored Center

      Retail space available in a grocery-anchored shopping center.
      724-760 N Green Bay Rd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      6,240 SF

      Waukegan Warehouse Space Available

      6,240 SF warehouse space for lease in Waukegan, IL.
      1000-1036 Northpoint Blvd, Waukegan, IL 60085
      View Details
    • Contact for pricing
      48,372 SF

      Waukegan Industrial Space for Lease

      Industrial space available for lease in Waukegan, Illinois.
      3600-3648 Burwood Dr, Waukegan, IL 60085
      View Details
    • $18 SF/Yr
      10,244 SF

      Prime Auto Dealership Opportunity

      Lake County, Class A, High Traffic
      3375 Grand Ave, Waukegan, IL 60085
      View Details
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    Waukegan, IL 60085-6707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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