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123 Skokie Highway, Lake Bluff, IL 60044
$1,277,250
123 Skokie Highway, Lake Bluff, IL 60044View this property at 123 Skokie Highway, Lake Bluff, IL 60044
123 Skokie HighwayLake BluffIL60044
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Property Description
Family owned and operated for decades. This is a once-in-a-lifetime investment opportunity to own your own business, live on-site, and run your own business. By The Way Motel is an updated and improved 20-unit motel plus a 3 bedroom 2 1/2 bath single family home with a 2.5 car garage with value-added land. Fenced-in private yard. Major frontage along busy Skokie Highway "safety buffer" road in front for easy access. Pride of Ownership shows throughout. County jurisdiction so low utilities, taxes and operational costs. A confidentiality agreement must be submitted to obtain confidential financials. Ownership is not to be interrupted. Upgraded units throughout.
Full Property Details
Full Property Details for 123 Skokie Hwy
General
- Sold For: $1,277,250
- Taxes: $12,270 (2021)
- Status: Closed
- Type: Business
- MLS ID: 11408286
- Added to Site: 720 day(s) ago
Business
- Name: BY THE WAY MOTEL
- Business Type: Hotel/Motel, Service/Miscellaneous
- Years in Business: 11 or More
Interior
- Interior Features: Common Meeting Room(s), Accessible Entrance, Janitorial Service, Multi-Tenant, Private Restroom(s), Storage Inside, Other, Furnished Units Available, Laundry Room
Parking
- Total Spaces: 50
- Parking Features: 51 to 100 Spaces
Location
- Area: Lake Bluff
- County: Lake
- Driving Directions: US-41N (Skokie Hwy) to By the Way Motel is on East side of street. Just north of Rockland Road East of Libertyville and few blocks north of Knunst Auto Mall.
- Location Details: Central Business District, Commercial Business Park, Corner, Mixed-Use Area, Office Park, Public Transport Avail, Freestanding/Urban
Heating & Cooling
- Cooling Type: Central Air Conditioning, Central Individual, SpacePak, Wall Sleeve, Window Unit(s)
- Heating Type: Central Building Heat, Central Heat/Individual Controls, Electric, Forced Air, Gas, Hot Water, Radiators, Wall Unit
Utilities
- Onsite: Electricity to Site, Gas to Site, Private Septic System, Community Water, Well Private
Structural Information
- Construction: Wood Frame, Other
- Roof: Composition, Fiberglass
- Stories/Levels: 2
- Square Feet: 12,000
- Current Bldg. Use: Commercial, Other
Lot Features
- Lot Size (Sq. Ft.): 112,000
- Lot Size Range: 3.0 to 3.99 Acres
- Lot Dimensions: 315 x 355
- Frontage: City Street, County Road, Easement, Frontage Road, Interstate, Public Road, State Road, US Highway, Interchange
- Potential Use: Commercial, Industrial, Liquor License, Mobile Home, Office and Research, Recreational, Retail, Special Use
- Zoning: OTHER
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $12,270
- Tax Year: 2021
- Tenant Pays: Air Conditioning, Common Area Maintenance, Electricity, Heat, Janitorial Service, Taxes, Insurance, Repairs, Roof, Scavenger, Sewer, Gas
Disclosures and Reports
- Ownership: Individual
- Property ID: 12184000280000
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Schools
Schools serving 123 Skokie Hwy
School Districts:Lake Bluff Elementary School District 65, Lake Forest Community High School District 115
Rating | Name | Grades | Distance |
---|---|---|---|
350 W Washington Ave, Lake Bluff, IL 60044 | K-5 | 0.7 mi | |
31 E Sheridan Pl, Lake Bluff, IL 60044 | 6-8 | 1.4 mi | |
1285 N McKinley Rd, Lake Forest, IL 60045 | 9-12 | 2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 123 Skokie Hwy
Date
Details
Price
Change
Source
6/26/2023
Sold
$1,277,250
-14.85%
MLS
2/23/2023
Price Reduced
$1,500,000
-16.67%
MLS
7/18/2022
Price Reduced
$1,800,000
-21.74%
MLS
5/18/2022
Listed
$2,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
123 Skokie Highway, Lake Bluff, IL 60044 (MLS# 11408286) is a Business property that was sold at $1,277,250 on June 26, 2023. This property was listed by Chuck Groebe from our Gold Coast Office.Want to learn more about 123 Skokie Highway? Do you have questions about finding other Business real estate for sale in Lake Bluff? You can browse all Lake Bluff real estate or contact a Coldwell Banker agent to request more information.