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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
    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.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Chicago, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 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.

    Historical Motel with Monthly Rentals
    Historical Motel with Monthly Rentals

    1159 S Shore Drive, Holland, MI 49423

    $1,999,999
    6,000 sqft 0.80 AC lot

    Historic motel property configured for 14 monthly rentals with multiple lodging components near Lake Macatawa.

    View details
    Historical Motel with Monthly Rentals
    Historical Motel with Monthly Rentals

    1159 S Shore Drive, Holland, MI 49423

    $1,999,999
    0.80 AC lot

    14 fully operational monthly rentals combine motel units with a garage apartment and private residence.

    View details
    Multi-Screen Theater Building
    Multi-Screen Theater Building

    8171 Whitehall Road, Whitehall, MI 49461

    $665,000
    2.64 AC lot

    Commercial building with historical 3-screen theater use, 400+ amps of 3-phase power, and ample on-site parking.

    View details
    Multi-Use Commercial Building with Parking
    Multi-Use Commercial Building with Parking

    8171 Whitehall Rd, Whitehall, MI 49461

    $665,000
    6,000 sqft 2.65 AC lot

    A busy-road commercial building with substantial power and parking supports flexible redevelopment under Business zoning.

    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.

    High-Visibility Highway Commercial Land
    High-Visibility Highway Commercial Land

    Blue Star Highway lot: 2, Fennville, MI 49408

    $300,000
    2.75 AC lot

    Cleared highway exit land in a C-3 district for a range of commercial and service uses.

    View details
    Development Land Near I-55
    Development Land Near I-55

    6000 South 6th Street Frontage Road East, Springfield, IL 62712

    $550,000

    Commercial land available near I-55, suitable for development.

    View details
    Prime Commercial Land I-55 Access
    Prime Commercial Land I-55 Access

    6000 S 6th Street Frontage Road, Springfield, IL 62702

    $550,000
    1.63 AC lot

    1.63 acre commercial land near I-55 in Springfield, IL.

    View details
    Commercial Land on Adrian Highway
    Commercial Land on Adrian Highway

    3264 N Adrian Highway, Adrian, MI 49221

    $299,900
    3.43 AC lot

    Commercial Highway Zoned lot with high traffic counts on M-52.

    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
    10028 Halsted St
    MOTEL

    10028 Halsted St, Chicago, IL 60628

    $2,755,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details
    10034 Halsted St
    MOTEL

    10034 Halsted St, Chicago, IL 60628

    $2,755,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details
    10032 Halsted St
    MOTEL

    10032 Halsted St, Chicago, IL 60628

    $2,755,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details
    10040 Halsted St
    MOTEL

    10040 Halsted St, Chicago, IL 60628

    $2,550,000
    Estimated value
    0.06 AC lot
    View details
    10036 Halsted St
    MOTEL

    10036 Halsted St, Chicago, IL 60628

    $2,755,000
    Estimated value
    24,000 sqft 0.06 AC lot
    View details
    10018 Halsted St
    MOTEL

    10018 Halsted St, Chicago, IL 60628

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

    Chicago, IL Motels Market Trends and Statistics

    Explore 72 motels for sale in Chicago, IL, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 50,200 square feet of properties for sale, with an estimated market value of $8,250,000.

    Sale prices for motels in Chicago, IL start at $2,300,000, averaging $2,750,000, 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 8
    Motels 2

    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
    60637 $3.5M

    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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