1401 Sheridan Road, WINTHROP HARBOR

$595,000

0 Beds
0 Baths
10,000 Sqft
0 Acres
0 Garages

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
Property History
Status Changed from New to Active
LISTING MAP

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Listing information last updated on November 17th, 2019 at 8:35am CST.