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    Chicago, IL Hospitality Properties for Sale

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    Carbondale, IL West Chicago, IL Cicero, IL Oak Park, IL Berwyn, IL River Forest, IL Forest Park, IL Evanston, IL
    10 properties
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    34-Room Exterior-Corridor Motel
    Updated: Jan 16
    34-Room Exterior-Corridor Motel

    7621 S Cottage Grove Avenue, Chicago, IL 60619

    $2,200,000
    0.31 AC lot
    34‑room motel with three‑story exterior‑corridor layout
    Separate restaurant building positioned at the front of the property
    13,392 Sq. ft. total land area
    18,000 Sq. ft. total building area
    Built in 1974 with brick and concrete construction
    View details
    37-Room Exterior-Corridor Motel
    Updated: Feb 20
    37-Room Exterior-Corridor Motel

    9112 S Cottage Grove Avenue, Chicago, IL 60619

    $2,399,000
    0.42 AC lot
    37‑room motel with an exterior‑corridor layout
    Approximately 12,000 building Sq. ft. on about 18,000 Sq. ft. of land
    Two‑story property constructed in 1971
    B3‑2 Commercial zoning
    Approximately 1 mile from the Dan Ryan Expressway
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    53-Room Exterior Corridor Motel
    53-Room Exterior Corridor Motel

    6535 S King Drive, Chicago, IL 60637

    $3,500,000
    0.40 AC lot

    Two-story motel with central air, on-site parking, and access to nearby institutions, transit, and expressway connections.

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    See what stands out in Cook County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    37-Room Exterior-Corridor Motel
    37-Room Exterior-Corridor Motel

    9112 S Cottage Grove Ave, Chicago, IL 60619

    $2,399,000
    11,848 sqft 0.41 AC lot

    Two-story hospitality property with main-level parking and B3-2 Commercial zoning.

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    Renovated Mixed-Use Hospitality Property
    Renovated Mixed-Use Hospitality Property

    310 S Halsted St, Chicago, IL 60661

    $10,500,000
    27,404 sqft 0.14 AC lot

    Four-story property combines a renovated hostel operation with a fully equipped restaurant space and basement storage.

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    Two-Story Corridor Motel
    Two-Story Corridor Motel

    6535 S King Dr, Chicago, IL 60637

    $3,500,000
    20,200 sqft 0.41 AC lot

    Existing hospitality property with on-site parking, commercial zoning, and proximity to major institutional, cultural, and transit destinations.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    34-Room Motel with Restaurant
    34-Room Motel with Restaurant

    7621 S Cottage Grove Ave, Chicago, IL 60619

    $2,200,000
    18,000 sqft

    Three-story property includes a separate restaurant building and main-level parking.

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    Grocery-Anchored Mixed-Use Property
    Grocery-Anchored Mixed-Use Property

    38-58 E Ontario St, Chicago, IL 60611

    Contact for pricing
    320,879 sqft

    Fully leased urban asset with grocery and hospitality anchors in Chicago’s River North district.

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    Independent Limited-Service Motel
    Independent Limited-Service Motel

    1140 W 95th St, Chicago, IL 60643

    $3,500,000

    Independent limited-service motel with a 24-hour front desk, weekly housekeeping, and on-site parking.

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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 10 Active listings in Chicago, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 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.

    40-Room Super 8 Hotel
    40-Room Super 8 Hotel

    9110 Waukegan Rd, Morton Grove, IL 60053

    $3,779,000
    19,562 sqft

    Two-level lodging property with on-site parking and access to major roads and interstates.

    View details
    40-Room Hotel with Parking
    40-Room Hotel with Parking

    9110 Waukegan Road, Morton Grove, IL 60053

    $3,779,000
    0.86 AC lot

    Two-level concrete lodging property with central air and access to major roads and interstates.

    View details
    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.

    View details
    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.

    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.

    Farmland with Teak Plantation
    Farmland with Teak Plantation

    Bensenville, 60105

    $995,000

    Agricultural property with Gulf views, elevated terraces, and an established teak plantation.

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    Exclusive Lots in Gated Community
    Exclusive Lots in Gated Community

    Bensenville, 60105

    $150,000

    Boutique community with utilities, permits, and ocean views.

    View details
    Pad-Ready Commercial Land
    Pad-Ready Commercial Land

    191 88th Avenue, Mokena, IL 60448

    $4,250,000
    17.81 AC lot

    Improved commercial site with roads and utility infrastructure already in place.

    View details
    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.

    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

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

    55 Ontario St, Chicago, IL 60611-2727

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

    58 Ontario St, Chicago, IL 60611-4755

    Estimated value:
    $440,000
    0.89 AC lot
    View details
    12800 Ashland Ave
    MOTEL

    12800 Ashland Ave, Calumet Park, IL 60827-6308

    Estimated value:
    $365,000
    0.87 AC lot
    View details
    10022 Halsted St
    MOTEL

    10022 Halsted St, Chicago, IL 60628-1813

    Estimated value:
    $3,140,000
    24,000 sqft 0.06 AC lot
    View details
    10026 Halsted St
    MOTEL

    10026 Halsted St, Chicago, IL 60628

    Estimated value:
    $3,140,000
    24,000 sqft 0.06 AC lot
    View details
    10024 Halsted St
    MOTEL

    10024 Halsted St, Chicago, IL 60628

    Estimated value:
    $3,140,000
    24,000 sqft 0.06 AC lot
    View details
    5990 Rdg Ave
    MOTEL

    5990 Rdg Ave, Chicago, IL 60660-3263

    Estimated value:
    $2,955,000
    12,500 sqft 0.42 AC lot
    View details
    7701 Cicero Ave
    MOTEL

    7701 Cicero Ave, Chicago, IL 60652-1012

    Estimated value:
    $465,000
    3,300 sqft 0.75 AC lot
    View details
    8525 Cicero Ave
    MOTEL

    8525 Cicero Ave, Chicago, IL 60652

    Estimated value:
    $2,370,000
    0.60 AC lot
    View details
    1305 State Pkwy
    MOTEL

    1305 State Pkwy, Chicago, IL 60610

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

    1301 State Pkwy, Chicago, IL 60610-2334

    Estimated value:
    $1,150,000
    169,500 sqft 0.10 AC lot
    View details
    1303 State Pkwy
    MOTEL

    1303 State Pkwy, Chicago, IL 60610

    Estimated value:
    $1,355,000
    169,500 sqft 0.08 AC lot
    View details
    301 En Water St
    MOTEL

    301 En Water St, Chicago, IL 60611-4534

    Estimated value:
    $200,000,000
    627,500 sqft 2.33 AC lot
    View details

    Chicago, IL Hospitality Properties Market Trends and Statistics

    Explore 72 hospitality properties for sale in Chicago, IL, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 398,331 square feet of properties for sale, with an estimated market value of $30,198,000.

    Sale prices for hospitality properties in Chicago, IL start at $2,200,000, averaging $3,774,750, and reaching up to $10,500,000 — 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 12
    Motels 7

    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 $2.3M
    60637 $3.5M
    60643 $3.5M
    60661 $10.5M

    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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    Browse Hospitality properties for Sale Near Chicago, IL

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    Most Searched ZIP Codes in Chicago, IL

    • 60619
    • 60637
    • 60803
    • 60601
    • 60611
    • 60615
    • 60625
    • 60643
    • 60661

    Featured Chicago Real Estate Agencies

    Realmo connects you with licensed Chicago CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Dream Town Realty
    1950 North Sedgwick Chicago, IL 60614
    Phone: 13122658000
    www.dreamtown.com
    Chicago Real Estate Resources
    932 W. Grace Street Chicago, IL 60613
    Phone: 17733279300
    www.crer.com
    American International Realty Corp.
    6138 N.Lincoln Ave. Chicago, IL 60659
    Phone: 17735099493
    www.airealtyco.com

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