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- LoopNet Team
31 N Green Bay Rd
Waukegan, IL 60085
Motel 6 Waukegan · Hospitality Property For Sale
·
39,000 SF

INVESTMENT HIGHLIGHTS
- 87-Room, Interior Corridor, Economy Hotel
- 105 Percent RevPAR Index Compared to the Competitive Set in 2020 and 130 Percent RevPAR Index Compared to the Competitive Set in 2019
- Close Proximity to the Wisconsin Boarder and O’Hare Airport
- Three Miles from Six Flags Great America
- Well Cash-Flowing Asset with EBITDA Greater Than 34 Percent
- Located Within the Chicago MSA
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1985 |
| Building Class | C | Parking Ratio | 3.68/1,000 SF |
| Lot Size | 2.79 AC | Corridor | Interior |
| Building Size | 39,000 SF | ||
| Zoning | B-3; Waukegan | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.79 AC |
| Building Size | 39,000 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 3.68/1,000 SF |
| Corridor | Interior |
| Zoning | B-3; Waukegan |
AMENITIES
- Pool
- High Speed Internet Access
- Public Access Wifi
ABOUT 31 N GREEN BAY RD , WAUKEGAN, IL 60085
Property Overview: The Motel 6 Waukegan is a 87-room, two-story, interior corridor hotel built in 1985. Well-equipped with numerous common area and guest room amenities, this limited-service economy hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, and flat-screen television. Additionally, some common area amenities the hotel has to offer consist of a vending machine and patio area, which used to be the outdoor pool. There is also a pad of grass adjacent to the patio area towards the back of the property which is included in the sale of the property. Location Overview: Waukegan, Illinois is a city located in Lake County in the northeastern region of the state, 45 miles north of Chicago. The Motel 6 Waukegan is superbly positioned on Highway 131, near the interchange of Washington Street. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include manufacturing, retail trade, and health care. Cardinal Health (3.3 miles) and Vista Health System (3.4 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Abbott Laboratories (3.7 miles) and AbbVie Incorporated (3.7 miles). Revenue generators in the area, like Waukegan National Airport (4.7 miles) and USO of Illinois Great Lakes Center (4.9 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Greenbelt Forest Preserve (2.6 miles) and Six Flags Great America (3.8 miles).
LINKS
PROPERTY TAXES
| Parcel Number | 08-19-400-049 | Improvements Assessment | $533,589 |
| Land Assessment | $152,996 | Total Assessment | $686,585 |
PROPERTY TAXES
Listing ID: 22968429
Date on Market: 5/7/2021
Last Updated:
Address: 31 N Green Bay Rd, Waukegan, IL 60085
The Downtown Waukegan Hospitality Property at 31 N Green Bay Rd, Waukegan, IL 60085 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
