For Sale
$3,000,000

12808 Ashland AveCalumet Park, IL 60827

92-Room Motel, High NOI, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
118
The Kings Inn Motel, a profitable hospitality investment opportunity, is offered at $3,000,000. This three-story, 44,836 square foot interior corridor motel boasts 92 keys and a strong 9.06% cap rate, generating a net operating income (NOI) of $271,896. Located at 12808 S Ashland Ave, Calumet Park, IL 60827, in Cook County, this property benefits from high visibility off I-57, one of Illinois' busiest interstates, just 18 miles south of downtown Chicago. The motel caters to the demand for economy-tier hotels in the South Chicago submarket, enhanced by its convenient location near key amenities. Guest amenities include gaming slot machines in the lobby. Strong demand generators in close proximity include a McDonald's and the Burr Oak train station (0.3 miles west), and Midway International Airport is only 14 miles away. This well-established motel presents a compelling investment opportunity with significant potential for future growth. The property's strong performance and strategic location make it an attractive asset for investors seeking a stable and profitable return.

Highlights

  • Three-story, 92-key interior corridor motel in Calumet Park, IL.
  • Guest amenities include in-lobby gaming slot machines.
  • Strong economy-tier hotel brand in the South Chicago submarket.
  • High-visibility location off I-57, 18 miles south of downtown Chicago.
  • Accommodates high demand with 92 rooms.
  • Proximity to amenities including McDonald's, Burr Oak train station, and Midway International Airport.

Property Details for 12808 Ashland Ave

Property type
Hospitality properties, Motels
Square Feet
44,836 SF
Buildings
1

Location Insight

City
Calumet Park
County
Cook
State
Illinois
Latitude
41.660331
Longitude
-87.6613524
12808 Ashland Ave, Calumet Park, Illinois

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12808 Ashland Ave
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