2-Story 37-Room
9112 S Cottage Grove Avenue Chicago, IL 60619
For Sale
Contact for pricing
A 37-room, two-story exterior-corridor motel built in 1971 with main-level parking on commercial land.
Property Size12,000 SF
Lot Size0.41 Acres
Price / SF$220.83
Days on Market154
Property Features for 9112 S Cottage Grove Avenue
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.41 Acres
- Property subtype
- Business for Sale, Multifamily, Retail, Hospitality
Listing Agency:
CENTURY 21 Circle
(773) 983-1553
Listed By:
Mark Ahmad · License #IL 471007186
Source:
Crexi
Added: Feb 20
Changed: Jul 23
Last Checked: Jul 23 at 12:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Circle
Investment Insights
Based on property information with market context.
This two-story motel property features an exterior-corridor layout with 37 rooms and standard amenities. Built in 1971, it includes main-level parking for guest access and sits on approximately 18,000 square feet of land.
The property is located in Chicago’s South Side Greater Grand Crossing community, near the Cottage Grove commercial corridor and about one mile from the Dan Ryan Expressway. Public transportation includes access to the Metra Electric Line at the 91st St. station and CTA bus routes connecting to downtown Chicago and surrounding neighborhoods.
Zoned B3-2 Commercial, the site supports a wide range of retail, warehouse, mixed-use, and residential-above-retail uses, offering flexibility for repositioning or redevelopment. The listing also notes eligibility for City of Chicago and local grant initiatives supporting business and property improvements.
The property is located in Chicago’s South Side Greater Grand Crossing community, near the Cottage Grove commercial corridor and about one mile from the Dan Ryan Expressway. Public transportation includes access to the Metra Electric Line at the 91st St. station and CTA bus routes connecting to downtown Chicago and surrounding neighborhoods.
Zoned B3-2 Commercial, the site supports a wide range of retail, warehouse, mixed-use, and residential-above-retail uses, offering flexibility for repositioning or redevelopment. The listing also notes eligibility for City of Chicago and local grant initiatives supporting business and property improvements.
Key Highlights
- 2‑story, 37‑room exterior‑corridor motel built in 1971 with main‑level parking
- Approx. 12,000 building SF on about 18,000 SF of land
- Zoned B3‑2 Commercial, allowing retail, warehouse, mixed‑use, and residential‑above‑retail uses
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $216.0k | $18.00 |
| − Vacancy | −$25.9k | −$2.16 |
| EGI | $190.1k | $15.84 |
| − OpEx | −$99.8k | −$8.32 |
| NOI | $90.3k | $7.52 |
12,000 SF · lease $18.00/SF/yr · vacancy 12.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.29M
$1.13M – $1.50M
NOI $90,288 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.66M
$4.95M – $6.60M
NOI $396,058 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Motels
Similar Off Market Nearby
- Prometric — batton, chicago, il 60619
- Woodlawn Gardens — 1200 E 93rd St, Chicago, IL 60619
- Admiral Motel — 9118 S Cottage Grove Ave, Chicago, IL 60619
- Vilu Bnb — 9408 S Rhodes Ave, Chicago, IL 60619
FAQs
What type of property is this?
Motel - A 37-room, two-story exterior-corridor motel built in 1971 with main-level parking on commercial land.
Where is this motel located?
The property is located at 9112 S Cottage Grove Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 2‑story, 37‑room exterior‑corridor motel built in 1971 with main‑level parking; Approx. 12,000 building SF on about 18,000 SF of land; Zoned B3‑2 Commercial, allowing retail, warehouse, mixed‑use, and residential‑above‑retail uses
