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    Cook County, IL Hospitality Properties for Sale

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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.
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    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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    Mixed-Use Development Land
    Mixed-Use Development Land

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    Zoned COMMR, this 2.01-acre downtown Barrington site offers flexibility for retail and residential uses.

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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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    Mixed-Use Development Site
    Mixed-Use Development Site

    206 N Cook Street, Barrington, IL 60010

    $3,495,000
    2.01 AC lot

    For-sale 2.01-acre landmark site in Barrington, IL, zoned COMMR and listed at 206 N Cook Street.

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    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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    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.

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    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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    149-Room Hotel in Glenview, IL
    149-Room Hotel in Glenview, IL

    1801 Milwaukee Ave, Glenview, IL 60025

    Contact for pricing

    149-room Courtyard Chicago Glenview/Northbrook for sale.

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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 Property
    Limited Service Hotel Property

    16920 Halsted Street, Harvey, IL 60426

    Contact for pricing

    Three-story, 73-unit interior corridor Quality Inn & Suites in a multi-hotel complex with extensive on-site amenities.

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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 Potential Opportunities for your consideration. Besides 17 Active Listings in Cook County, IL, we suggest to view alternatives - similar 55 Off-Market properties to explore as potential leads.

    Off-Market Properties in Cook County, IL

    Consider similar Off-Market properties in Cook County, 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.

    2111 Arlington Hts Rd
    MOTEL

    2111 Arlington Hts Rd, Arlington Heights, IL 60005-4105

    $5,850,000
    Estimated value
    1.17 AC lot
    View details
    1450 Touhy Ave
    MOTEL

    1450 Touhy Ave, Des Plaines, IL 60018-3332

    $21,610,000
    Estimated value
    View details
    180 Delaware Pl
    MOTEL

    180 Delaware Pl, Chicago, IL 60611

    $46,675,000
    Estimated value
    515,600 sqft 0.37 AC lot
    View details
    200 Rand Rd
    MOTEL

    200 Rand Rd, Mount Prospect, IL 60056-1132

    $4,000,000
    Estimated value
    2.63 AC lot
    View details
    7524 State Rd
    MOTEL

    7524 State Rd, Bedford Park, IL 60638-6624

    Value Estimation by Request
    2.62 AC lot
    View details
    1207 Touhy Ave
    MOTEL

    1207 Touhy Ave, Rosemont, IL 60018-3302

    Value Estimation by Request
    1.31 AC lot
    View details
    1300 Higgins Rd
    MOTEL

    1300 Higgins Rd, Schaumburg, IL 60173-4938

    $6,585,000
    Estimated value
    2.44 AC lot
    View details

    Cook County, IL Hospitality Properties Market Trends and Statistics

    Explore 72 hospitality properties for sale in Cook County, IL, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 184,744 square feet of properties for sale, with an estimated market value of $25,140,000.

    Sale prices for hospitality properties in Cook County, IL start at $2,300,000, averaging $3,142,500, and reaching up to $3,800,000 — 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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