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    Hospitality

    Chicago, IL Hospitality Properties for Sale

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    West Chicago, IL Cicero, IL Oak Park, IL David City, NE Berwyn, IL River Forest, IL Forest Park, IL Evanston, IL
    9 properties
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    Chicago Motel with Restaurant Building
    Updated: Jan 16
    Chicago Motel with Restaurant Building

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,300,000
    18,000 sqft 0.31 AC lot
    Significant value‑add opportunity with the non‑franchise motel license.
    Eligible for substantial City of Chicago grants and TIF funding for facade improvements and full building renovation.
    Located within the Greater Chatham Initiative - 87th Street Corridor Improvement Zone.
    Strategic location in the well‑established Chatham neighborhood with strong traffic counts and walking distance to retail, services, and neighborhood amenities.
    Proximity to major transportation and key attractions.
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    This listing looks promising.

    Here's a quick look at some key insights for

    7621 S Cottage Grove Avenue, Chicago, IL 60619

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    • Est. Cap Rate

      5.9%
      NOI ÷ price

    • Est. NOI

      $135K
      Annual

    • Mortgage

      $1.8M
      Dec 2020

    • Last Sold

      Dec 2020
      $1.85M

    • Property Type

      Motel
      Built 1974
    View Property Analytics
    Chicago Motel Near Cottage Grove
    Updated: Feb 20
    Chicago Motel Near Cottage Grove

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    $2,450,000
    12,000 sqft 0.42 AC lot
    Zoned B3‑2 Commercial: Offers flexibility for repositioning or redevelopment.
    Revitalization Area: Benefits from ongoing South Side revitalization, near the Obama Presidential Library site.
    Grant Opportunities: Qualifies for City of Chicago and local grant initiatives.
    Convenient Transportation: Proximity to the Dan Ryan Expressway, Metra Electric Line (91st St. station), and CTA bus routes.
    High Traffic Area: Located near the Cottage Grove commercial corridor.
    View details
    Chicago Motel Near Obama Library
    Chicago Motel Near Obama Library

    6535 S King Drive, Chicago, IL 60637

    $3,500,000
    20,200 sqft 0.40 AC lot

    53-room motel in Chicago's Woodlawn neighborhood, near Hyde Park.

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    Corridor Motel with Restaurant
    Corridor Motel with Restaurant

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,300,000
    18,000 sqft 0.31 AC lot

    1974-built 34-room motel with a separate front restaurant building and main-level parking.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    2-Story 37-Room Motel
    2-Story 37-Room Motel

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    Contact for pricing
    12,000 sqft 0.41 AC lot

    A 37-room, two-story exterior-corridor motel built in 1971 with main-level parking on commercial land.

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    Motel on High-Traffic Corridor
    Motel on High-Traffic Corridor

    5230 N Lincoln Ave, Chicago, IL 60625

    Contact for pricing

    Operating motel on a high-traffic corridor, positioned near Swedish Hospital and across from a major grocer.

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    Limited-Service Hotel with Ample Parking
    Limited-Service Hotel with Ample Parking

    12340 S Cicero Ave, Alsip, IL 60803

    Contact for pricing

    Two-story Red Roof Inn offers 60 rooms, plus laundry facilities and ample parking for buses or trucks.

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    Prime Mixed-Use Investment Opportunity
    Prime Mixed-Use Investment Opportunity

    501 S Wells St, Chicago, IL 60607

    Contact for pricing

    Mixed-use property, gateway to the city, billboard opportunity.

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    Luxury Corporate Housing Business
    Luxury Corporate Housing Business

    9.9 Luxury Housing, Chicago, IL 60601

    Contact for pricing

    Luxury corporate housing business for sale in Downtown Chicago.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Chicago, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Renovated 65-Room Hotel with Indoor Pool
    Renovated 65-Room Hotel with Indoor Pool

    2235 173rd Place, Lansing, IL 60438

    Contact for pricing
    56,192 sqft 1.29 AC lot

    Renovated 1996 hotel with indoor pool, covered entry, and ample parking—well suited for hospitality operators.

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    Branded Hotel with Updated Interiors
    Branded Hotel with Updated Interiors

    2255 173rd Street, Lansing, IL 60438

    Contact for pricing
    48,352 sqft 1.11 AC lot

    A 4-story Sleep Inn offering 69 rooms on a B-2 zoned site, renovated in 2014.

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    Red Roof Inn Near Chicago
    Red Roof Inn Near Chicago

    9424 Waukegan Road, Morton Grove, IL 60053

    $3,800,000
    0.29 AC lot

    53-room hotel near major roads and O'Hare Airport.

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    Super 8 Hotel Near Chicago
    Super 8 Hotel Near Chicago

    9110 Waukegan Road, Morton Grove, IL 60053

    $3,800,000
    0.86 AC lot

    Budget-friendly 40-room hotel near Chicago and O'Hare Airport.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Pad-Ready Commercial Land
    Pad-Ready Commercial Land

    191 88th Avenue, Mokena, IL 60448

    $4,250,000
    17.81 AC lot

    Pad-ready, fully improved commercial site with utilities and roads in place, zoned C1-A for multiple use types.

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    Mokena Commercial Site For Sale
    Mokena Commercial Site For Sale

    191 88th Avenue, Mokena, IL 60448

    $4,250,000
    17.81 AC lot

    Prime commercial land with flexible zoning and high visibility.

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    Homer Glen Commercial Land
    Homer Glen Commercial Land

    15551 W 143RD Street, Homer Glen, IL 60491

    $4,900,000
    14.00 AC lot

    14 acres in Homer Glen, signaled intersection, high-end commercial development.

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    18.76 Acres For Redevelopment
    18.76 Acres For Redevelopment

    1500 West Lincoln Highway, New Lenox, IL 60451

    $12,500,000
    18.76 AC lot

    18.76 acres for redevelopment at I-80 and Route 30.

    View details

    Off-Market Properties in Chicago, IL

    Consider similar Off-Market properties in Chicago, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    180 Delaware Pl
    MOTEL

    180 Delaware Pl, Chicago, IL 60611

    $46,675,000
    Estimated value
    515,600 sqft 0.37 AC lot
    View details
    55 Ontario St
    MOTEL

    55 Ontario St, Chicago, IL 60611-2727

    $1,085,000
    Estimated value
    6,400 sqft 0.38 AC lot
    View details
    58 Ontario St
    MOTEL

    58 Ontario St, Chicago, IL 60611-4755

    $7,380,000
    Estimated value
    0.89 AC lot
    View details
    12800 Ashland Ave
    MOTEL

    12800 Ashland Ave, Calumet Park, IL 60827-6308

    $2,250,000
    Estimated value
    0.87 AC lot
    View details
    10022 Halsted St
    MOTEL

    10022 Halsted St, Chicago, IL 60628-1813

    $2,905,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details
    10026 Halsted St
    MOTEL

    10026 Halsted St, Chicago, IL 60628

    $2,875,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details
    10024 Halsted St
    MOTEL

    10024 Halsted St, Chicago, IL 60628

    $2,875,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details
    5990 Rdg Ave
    MOTEL

    5990 Rdg Ave, Chicago, IL 60660-3263

    $2,490,000
    Estimated value
    12,500 sqft 0.42 AC lot
    View details
    7701 Cicero Ave
    MOTEL

    7701 Cicero Ave, Chicago, IL 60652-1012

    Value Estimation by Request
    3,300 sqft 0.75 AC lot
    View details
    8525 Cicero Ave
    MOTEL

    8525 Cicero Ave, Chicago, IL 60652

    $2,365,000
    Estimated value
    0.60 AC lot
    View details
    1305 State Pkwy
    MOTEL

    1305 State Pkwy, Chicago, IL 60610

    $23,205,000
    Estimated value
    169,500 sqft 0.20 AC lot
    View details
    1301 State Pkwy
    MOTEL

    1301 State Pkwy, Chicago, IL 60610-2334

    $22,510,000
    Estimated value
    169,500 sqft 0.10 AC lot
    View details
    1303 State Pkwy
    MOTEL

    1303 State Pkwy, Chicago, IL 60610

    $22,510,000
    Estimated value
    169,500 sqft 0.08 AC lot
    View details
    301 En Water St
    MOTEL

    301 En Water St, Chicago, IL 60611-4534

    Value Estimation by Request
    627,500 sqft 2.33 AC lot
    View details
    10016 Halsted St
    MOTEL

    10016 Halsted St, Chicago, IL 60628

    $2,755,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details

    Chicago, IL Hospitality Properties Market Trends and Statistics

    Explore 72 hospitality properties for sale in Chicago, IL, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 80,200 square feet of properties for sale, with an estimated market value of $10,550,000.

    Sale prices for hospitality properties in Chicago, IL start at $2,300,000, averaging $2,637,500, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 9
    Motels 5

    Demographics Overview

    Population 2.91M
    Population Growth (5Y) +0.6%
    Median Household Income $76,477
    College Educated 44.3%

    High-Yield Neighborhoods for Investment

    Identify Chicago submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60619 $2.4M
    60607 $2.8M
    60637 $3.5M
    60654 $3.7M
    60601 $9.9M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cook County

    New Delisted

    Property Size Breakdown

    The majority of commercial real estate listings in Chicago fall within the 10,000+ square foot range.

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    Most Searched ZIP Codes in Chicago, IL

    • 60619
    • 60601
    • 60607
    • 60625
    • 60637
    • 60803

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