For Sale
$3,850,000

12800 Ashland AveChicago, IL 60827

High-Cap Rate Motel Investment

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a 39,295 square foot Days Inn motel in Calumet Park, Illinois, boasting a strong 11.38% capitalization rate and a substantial net operating income (NOI) of $438,217. Built in 2000, this property is strategically located at 12800 S Ashland Ave, 60827, offering convenient access to major transportation arteries. The motel benefits from its proximity to I-57, I-294 (Tri-State Tollway), and US 6, providing seamless connectivity to the broader Chicago metropolitan area and beyond. Chicago Midway International Airport is conveniently located approximately 15 miles away, enhancing accessibility for both business and leisure travelers. Furthermore, the property's location near major freight lines operated by CSX Transportation and Norfolk Southern, coupled with readily available UPS and FedEx services, ensures efficient logistics and delivery capabilities. Public transportation is also easily accessible via Pace Suburban Bus Service routes. This Days Inn represents a compelling investment opportunity with significant potential for growth and strong returns, given its prime location and robust operational performance. The asking price for this exceptional property is $3,850,000.

Highlights

  • Excellent access to I-57.
  • Excellent access to I-294 (Tri-State Tollway).
  • Excellent access to US 6.
  • Proximity to Chicago Midway International Airport (15 miles).
  • Proximity to major freight lines (CSX and Norfolk Southern).
  • Convenient access to UPS and FedEx services.

Property Details for 12800 Ashland Ave

Property type
Hospitality properties, Motels
Square Feet
39,295 SF
Year Built
2000

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.660983048499
Longitude
-87.662019117756
12800 Ashland Ave, Chicago, Illinois

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12800 Ashland Ave
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