6535 S King Dr - Hospitality FOR SALE


Chicago, IL 60637- Park Manor
$3,500,000 USD
773-983-1553
6535 S King Dr, Chicago, IL for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

6535 S King Dr
Chicago, IL 60637
Park Manor


OVERVIEW

Best Motel by OYO Chicago, 53-rooms, 2-Story California-style exterior corridor motel built in 1971, totaling approximately 20,200 Sq ft. of building and about 18,000 Sq ft. of land with main-level on-site parking. Located in Chicago’s Woodlawn neighborhood on the South Side, near Hyde Park and Englewood. The property is within 2-miles from Barak Obama Presidential Library, close to the University of Chicago, Jackson Park, the Museum of Science and Industry, neighborhood retails and transit, including the CTA King Drive Station. Approximately 1-mile east of the Dan Ryan Expressway and within several miles from and to downtown Chicago, the area is experiencing ongoing redevelopment, including the nearby Barack Obama Presidential Library (opening Spring 2026). Zoned C1-2 Commercial, permitting a wide range of uses including retail, auto services, warehouse, mixed-use, and residential above ground floor.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

53

PRICE/ROOM

$66,038 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Motel By OYO Chicago I-90

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,260 SF

ZONING

C1-2, Chicago

APN/PARCEL ID

20-22-216-011-0000,20-22-216-012-0000,20-22-216-013-0000,20-22-216-014-0000,20-22-216-015-0000,20-22-216-016-0000

ASK ABOUT THIS PROPERTY

Mark AhmadCentury 21 Circle CommercialMore Info
773-983-1553

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Mark AhmadCentury 21 Circle CommercialMore Info
773-983-1553

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