Winthrop Harbor, IL 60096,1401 Sheridan RD
Winthrop Harbor, IL 60096,1401 Sheridan RD
Winthrop Harbor, IL 60096,1401 Sheridan RD
28
$585,000
$595,000
1.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

10,000 SqFt

1401 Sheridan RD Winthrop Harbor, IL 60096

Est. payment /mo
SOLD DATE : 03/03/2020

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $585,000

Property Type Commercial

Sub Type Bus / Bus w/Real Est

Listing Status Sold

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $58

MLS Listing ID 10448912

Annual Tax Amount $29,867

Tax Year 2017

Property Sub-Type Bus / Bus w/Real Est

Property Description

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.

Location

State IL

County Lake

Area Winthrop Harbor

Zoning COMMR

Interior

Cooling Central Air, Chillers, Wall Sleeve, Window Unit(s)

Read Less


Midwest Real Estate Data (MRED) IDX
Listed by Larry Stephens of  Cornerstone Realty Group, LLC 
Bought with Larry Stephens of Cornerstone Realty Group, LLC

GET MORE INFORMATION

Chris Buckely

Chris Buckely

IL/IN/MI Managing Broker | License ID: IN- RB17001753 | IL- 477013311

+1(312) 313-5553

Name
Phone
Message