12710 Ashland AveCalumet Park, IL 60827

The Plaza Motel, a 125-room, two-story interior corridor motel, presents a compelling investment opportunity in Calumet Park, Illinois. This established property boasts 50,781 square feet on a 2.93-acre lot, strategically located off I-57 with excellent interstate visibility. Built in 1952, the motel's strong brick structure and impressive building condition offer significant potential for future conversions. The property enjoys a prime location near key demand generators, including Burr Oak Station (0.6 miles) and numerous fast-food restaurants such as Taco Bell and McDonald's. The South Chicago/Midway submarket demonstrates robust performance, with an average occupancy rate of 64% and an average daily rate (ADR) of $107. The Plaza Motel is offered at an asking price of $2,600,000, representing a 3.08% capitalization rate and a net operating income (NOI) of $80,000. This presents a rare opportunity to acquire a well-positioned motel with substantial upside potential in a thriving market. The property's size, location, and strong operational history make it an attractive investment for both seasoned and emerging hospitality investors. The solid building structure and high visibility location offer a unique opportunity for future development and repositioning. Detailed financial statements are available upon request.