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9118 S Cottage Grove Ave
Chicago, IL 60619
Hotel · Hospitality Property For Sale
·
37 Rooms
Executive Summary
Located in the Greater Grand Crossing community on Chicago’s South Side, just south of Woodlawn and near the Cottage Grove commercial corridor, this 2-Star, 37-room exterior corridor was built in 1971 offering 12,000 Sq. ft. of building with about 18,000 Sq. ft. of land. The 2-Story motel property offers standard amenities and convenient main-level parking. About 3-miles south of the Obama Presidential Library site near 63rd & Stony Island, the property benefits from ongoing South Side revitalization and corridor reinvestment. The surrounding area features active commercial redevelopment, strong traffic counts, walkable neighborhood retail and services. About 1-mile proximity to the Dan Ryan Expressway with Public transportation includes access to the Metra Electric Line,91st St. station and CTA bus routes providing connections to downtown Chicago and surrounding neighborhoods. Zoned B3-2 Commercial, allowing a wide range of retail, warehouse, mixed-use, and residential-above-retail uses, presenting flexibility for repositioning or redevelopment. The area also qualifies for City of Chicago and local grant initiatives supporting business and property improvements.
Property Facts
| Price Per Room | $89,922 CAD | Building Size | 11,848 SF |
| Sale Type | Investment | No. Rooms | 37 |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1971 |
| Property Subtype | Hotel | Parking Ratio | 0.84/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.42 AC | ||
| Zoning | B3-2 | ||
| Price Per Room | $89,922 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 11,848 SF |
| No. Rooms | 37 |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 0.84/1,000 SF |
| Corridor | Exterior |
| Zoning | B3-2 |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 37 | $92.34 CAD | - |
Property Taxes
| Parcel Number | 25-03-403-039-0000 | Improvements Assessment | $782,038 CAD |
| Land Assessment | $61,619 CAD | Total Assessment | $843,658 CAD |
Property Taxes
Parcel Number
25-03-403-039-0000
Land Assessment
$61,619 CAD
Improvements Assessment
$782,038 CAD
Total Assessment
$843,658 CAD
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