39151 Jackson Drive

    Spring Grove, IL 60081
    • $675,000
    • STATUS: Active
    • ON SITE: 73 days
    • MLS #: 10440207
    UPDATED: 43 min ago
    $675,000
    • 0
      BEDS
    • .50-.99 Acre
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,500
      SQFT
    • $270
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    County:
    Area:

    School Ratings & Info

    Description

    WATERFRONT Motel fully rented all year round, with remodeled bar on Grass Lake is being sold after more than 26 years of ownership. Everything has been updated and is up to current code. Owner has put $250K in improvements. NEW FLOOR with CONCRETE and STEEL BEAMS, NEW WALLS inside per commercial and residential code. Electric, alarm, parking lot, sea wall remodeled. Rental income includes 4 Studios apartments and 3 Cabins, and bar. 168' frontage of chain access! Perfect retreat for boaters and winter sports! Endless opportunities await! Fantastic views! Own your own waterfront bar/tavern business with apartments or convert to "BED and BREAKFAST!" Gorgeous panoramic views of Grass Lake! Permit for 18 boat slips. Exterior offers huge deck overlooking backyard & lake, interior offers rich flooring, huge bar, pool table space & huge public restrooms!

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    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Property Consultants Realty. Based on information submitted to the MRED as of 2019-09-17T10:51:59.69 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    www.propertyconsultants.com/homes/96581779

    39151 Jackson Drive Spring Grove, IL 60081

    • Price: $675,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 10440207
    0
    Beds
    0
    Baths
    0
    ½ Baths
    .50-.99 Acre
    Acres
    2,500
    SQFT
    $270
    $/SQFT
    Neighborhood:
    Spring Grove
    County:
    Lake
    Area:
    Spring Grove
    Property Description
    WATERFRONT Motel fully rented all year round, with remodeled bar on Grass Lake is being sold after more than 26 years of ownership. Everything has been updated and is up to current code. Owner has put $250K in improvements. NEW FLOOR with CONCRETE and STEEL BEAMS, NEW WALLS inside per commercial and residential code. Electric, alarm, parking lot, sea wall remodeled. Rental income includes 4 Studios apartments and 3 Cabins, and bar. 168' frontage of chain access! Perfect retreat for boaters and winter sports! Endless opportunities await! Fantastic views! Own your own waterfront bar/tavern business with apartments or convert to "BED and BREAKFAST!" Gorgeous panoramic views of Grass Lake! Permit for 18 boat slips. Exterior offers huge deck overlooking backyard & lake, interior offers rich flooring, huge bar, pool table space & huge public restrooms!
    Exterior Features

    Approx Land Sq Footage 2000 Construction Other/Unknown Frontage Access Public Road Land Amenities Dock-CommunityLighting/Exterior Location Lake FrontWater Front Lot Dimensions 175X214.5X209X259 Lot Sq Ft 32811 Number Of Parking Spaces 20 Roof Coverings Shingle Composition Waterfront YN Yes

    Interior Features

    Air Conditioning Central AirWindow Unit/S Indoor Parking Fee Parking Miscellaneous Inside Handicapped AccessPublic Restroom/S Number Of Stories 2 Outdoor Parking 19-30 Spaces

    Property Features

    Adj Net Inc Expense Source Owner Projection Adjusted Net Income 0 Ann Rnt Expense Source Owner Projection Annual Rent For Real Estate 0 Business Age 11+ Years Business Type Bar/Lounge/Nite ClubHotel Or MotelOther Corporate Limits Spring Grove Cost Of Goods Expense Source Owner Projection Cost Of Goods Sold 0 Cost Of Goods Year 2017 Current Use Commercial Electrical Service Other/Unknown Food Beverage Type Other Gross Payroll 0 Gross Payroll Expense Source Owner Projection Gross Payroll Year 2017 Gross Profit 0 Gross Profit Expense Source Owner Projection Gross Profit Year 2017 Gross Sales Ann Expense Source Owner Projection Gross Sales Ann Year 2017 Gross Sales Annual 0 Heat Ventilation Forced Air Inventory 0 Inventory Expense Source Owner Projection Inventory Year 2017 Known Encumbrances None Known Living Quarters Available Miscellaneous Outside Balcony/IesHandicapped Access Net Operating Income Year 2017 Net Profit 0 Net Profit Source Owner Projection Possession ClosingNegotiable Potential Use CommercialRecreationalResidential-EstateResidential-Single FamilyRetailOther Property Offered For Sale Only Real Estate Included YN Yes Sale Terms ConventionalOwner May Help/AssistRent W/ OptionCash OnlyOtherLand/Lease Seating Capacity 41-50 Seller Will Other Tax Year 2017 Taxes 12444.6 Tenant Pays Other Total Op Exp Year 2017 Total Op Expense Source Owner Projection Total Operating Expenses 0 Type Of Lease None Unincorporated YN Yes Utilities To Site Other Zoning Type Other

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Keller Williams Success Realty.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by MTP, MRED or Property Consultants Realty. Based on information submitted to the MRED as of 2019-09-17T10:51:59.69 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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