12808 S Ashland Ave - Hospitality FOR SALE


Calumet Park, IL 60827
$3,000,000 USD
312-261-8441
12808 S Ashland Ave, Calumet Park, IL for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/11
null | 9.06% Cap Rate

12808 S Ashland Ave
Calumet Park, IL 60827


HIGHLIGHTS

  • This property features a wide spread of amenities including gaming slot machines in the lobby for guests
  • Kings Inn offers a strong brand for economy tier hotels in the submarket of South Chicago
  • I-57 is one of the busiest interstates in Illinois and just 18 miles south of downtown Chicago.

OVERVIEW

Situated in Calumet Park, the Kings Inn Independent Hotel is a interior corridor property that spans 3 stories. Situated visible off of I57. With 92 rooms this property can accommodate the strong demand for economy independent hotels. Kings Inn also has Strong demand generators in proximity including McDonalds and the Burr Oak train station 0.3 miles west of the subject property and 14 miles from Midway International airport.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$67 USD /SF

# OF ROOMS

92

PRICE/ROOM

$32,609 {currency}

CAP RATE

9.06%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kings Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

C, Calumet Park

APN/PARCEL ID

25-31-204-026-0000

ASK ABOUT THIS PROPERTY

Deep DaveMatthews Real Estate Investment ServicesMore Info
312-261-8441

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Deep DaveMatthews Real Estate Investment ServicesMore Info
312-261-8441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.