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1775 E Belvidere Rd
Grayslake, IL 60030

$8,495,000 USD

Hotel For Sale  •  86,292 SF

Property Details

  • Property Type Hotel
  • Total Building Size 86,292 SF
  • Lot Size 2.19 AC
  • Building Class C
  • Year Built 2009
  • Zoning SCB, Grayslake
20 Transit Score
50 Walk Score

Highlights

This 108-room Choice Hotels property offers strong returns in a growing market.
Situated at 1775 E. Belvidere Rd, Grayslake, IL, the hotel has high visibility off US 45 & IL 120 (23,000 AADT) with access to major highways.
Recent renovations include a new roof, flooring, bathroom tile, and hot water heaters.
With a 90% RevPAR index, the property has room for revenue increases to $2.3–$2.7M over five years.
Business, education, healthcare, and tourism drive occupancy. Attractions: Six Flags, Gurnee Mills, Lake County Fairgrounds.
With market expansion, renovations, and revenue potential, this property presents a high-value opportunity for investors.

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Meeting Event Space

Public Transportation

Commuter RailDriveWalkDistance
Prairie Crossing Station (Md-North) (Milwaukee District North Line - Northeast Illinois Regional Commuter Railroad (Metra)) 4 min - 2.0 mi
Prairie Crossing Station (Ncs) (North Central Service - Northeast Illinois Regional Commuter Railroad (Metra)) 5 min - 2.3 mi
AirportDriveWalkDistance
Chicago O'Hare International 43 min - 33.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 109
Type: Surface
Included in Rent: Yes
Michael Gantman 312-327-5490 Marcus & Millichap
Michael Gantman 312-327-5490 Marcus & Millichap