12800 Ashland AveChicago, IL 60827

Property Details for 12800 Ashland Ave

Year built

2000

Lot size

0.87 AC

Property type

Motels

APN

25-31-204-025

APU

2531204025

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $13,890,276

  6.5%

  $12,821,793

  7%

  $11,905,951

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,647,548

  Geo Method

  $11,647,548

• Alternative Use

  Use

  Valuation

  Residential

  $13,997,673

  Hospitality

  $12,821,793

  Educational

  $10,667,581

  Medical

  $11,034,456

  Retail

  $16,594,015

Location Insight

City

Calumet Park

County

Cook

State

Illinois

Latitude

41.6609

Longitude

-87.6614

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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