Waterfront Motel FULLY RENTED all year round, with REMODELED BUSY RESTAURANT on Grass Lake has to be sold after 26 years of ownership. Everything has been updated an 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. 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! 18 boat slips. Exterior offers huge deck overlooking backyard & lake, interior offers rich flooring, huge bar, pool table space & huge public restrooms!
Off market
Zestimate®
$865,200
39151 N Jackson Dr, Spring Grove, IL 60081
0beds
0baths
--sqft
SingleFamily
Built in ----
-- sqft lot
$865,200 Zestimate®
$--/sqft
$2,143 Estimated rent
Owner options
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$865,200
2% more+$17,304
With Zillow Showcase(estimated)$882,504