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Jack O. Pysz

Managing Broker

  • Office 773-328-8055
  • Cell 773-344-8444
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1401 Sheridan Road, WINTHROP HARBOR, IL – $595,000

  • $595k Price
  • 10,000 Sqft
  • $595k Price
  • 10,000 Sqft

1401 Sheridan Road

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.

Essential Information

  • MLS® #10448912
  • Price$595,000
  • Square Footage10,000
  • Acres0.00
  • TypeCommercial
  • Sub-TypeBus / Bus w/Real Est
  • StatusActive

Community Information

  • Address1401 Sheridan Road
  • AreaWinthrop Harbor
  • CityWINTHROP HARBOR
  • CountyLake
  • StateIL
  • Zip Code60096

Amenities

  • Parking Spaces50

Interior

  • Stories2

Heating

Central Bldg Heat, Electric, Forced Air, Gas

Cooling

Central Air, Chillers, Wall Sleeve, Window Unit/s

Additional Information

  • ZoningCOMMR

Listing Details

  • OfficeCornerstone Realty Group, LLC
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Price Change History for 1401 Sheridan Road, WINTHROP HARBOR, IL (MLS® #10448912)

Date Details Change
Status Changed from New to Active

Cornerstone Realty Group, LLC.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Redco Inc. are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on September 22nd, 2019 at 6:05am CDT.

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