12808 S Ashland Ave, Calumet Park, IL, 60827
Kings Inn Motel$3,000,000
Photos



Highlights
INVESTMENT HIGHLIGHTS
- Situated in Calumet Park, the Kings Inn Independent Hotel is a interior corridor property that spans 3 stories. Situated visible off of I57.
- 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.
- 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.
Location
Agents
D
Dustin RobinettLicense # 2015044286 (MO)
Broker of Record
Matthew M. Fitzgerald
License # 471021676 (IL)Matthews Real Estate Investment Services, Inc1600 West End, Ste. 1500 Nashville, TN 37203
Key Information
Cap Rate
9.06%
$ per SF
$66
$ per unit
$31,521
Units
92
Year Built
1995
Type
Hospitality
NOI
$271,896
Leasable Area
44,836