Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12808 Ashland Ave Calumet Park, IL 60827-6308
    Back to Search
    Property profile & analytics

    12808 Ashland Ave Calumet Park, IL 60827-6308

    View on Map
    • Motels
    • 1.01 lot acres
    Off-Market
    Property ID
    US28-5693132
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kings Inn / Hotel & Motel
    • Knights Inn Calumet Park / Hotel & Motel

    Property Details for 12808 Ashland Ave

    Year built
    1995
    Lot size
    1.01 lot acres
    Property type
    Motels
    APN
    25-31-204-026
    APU
    2531204026

    Description

    The Kings Inn Motel, a profitable hospitality investment opportunity, is offered at $3,000,000. This three-story, 44,836 square foot interior corridor motel boasts 92 keys and a strong 9.06% cap rate, generating a net operating income (NOI) of $271,896. Located at 12808 S Ashland Ave, Calumet Park, IL 60827, in Cook County, this property benefits from high visibility off I-57, one of Illinois' busiest interstates, just 18 miles south of downtown Chicago. The motel caters to the demand for economy-tier hotels in the South Chicago submarket, enhanced by its convenient location near key amenities. Guest amenities include gaming slot machines in the lobby. Strong demand generators in close proximity include a McDonald's and the Burr Oak train station (0.3 miles west), and Midway International Airport is only 14 miles away. This well-established motel presents a compelling investment opportunity with significant potential for future growth. The property's strong performance and strategic location make it an attractive asset for investors seeking a stable and profitable return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Calumet Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.6614
    Latitude
    41.6605
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $189,145
    $76,783
    $217,668
    $294,451
    -
    $307,132
    $870,672
    $1,177,804

    Comparable in this City

    • Value Estimation
      $1,900,000

      12710 Ashland Ave

      MOTEL
      12710 Ashland Ave, Calumet Park, IL 60827-6306
      View Details
    • Value Estimation
      $2,250,000
      0.87 Acres

      12800 Ashland Ave

      MOTEL • 0.87 Acres
      12800 Ashland Ave, Calumet Park, IL 60827-6308
      View Details
    • Value Estimation by Request
      5,000 SF

      14401 Halsted St

      Investment properties • 5,000 SF
      14401 Halsted St, Riverdale, IL 60827
      View Details
    • Value Estimation by Request
      0.41 Acres

      12330 Bishop St

      GARDEN APT, COURT APT (5+ UNITS) • 0.41 Acres
      12330 Bishop St, Calumet Park, IL 60827-5728
      View Details
    • Value Estimation by Request
      1.43 Acres

      13500 Perry Ave

      FINANCIAL BUILDING • 1.43 Acres
      13500 Perry Ave, Riverdale, IL 60827-1148
      View Details
    • Value Estimation by Request
      0.09 Acres

      759 134th St

      INDUSTRIAL (GENERAL) • 0.09 Acres
      759 134th St, Riverdale, IL 60827
      View Details

    Similar Nearby for Sale

    • $379,900
      4,000 SF

      Vacant Commercial Building on Ashland

      Free-standing 4,000 sq ft commercial building on busy Ashland Ave.
      12534 S Ashland Ave, Calumet Park, IL 60827
      View Details
    • $175,000

      Spacious Multi-Unit Property

      Two-unit property on an oversized lot, ready for renovation.
      12409 S Green St, Calumet Park, IL 60827
      View Details
    • $1,200,000

      Industrial Property with Calumet River Frontage

      M1-1 zoned industrial property with river frontage for sale.
      101 E 134Th St, Chicago, IL 60827
      View Details
    • New
      $159,000
      0.07 Acres

      Commercial Facility on Corner Lot

      Well-maintained commercial building suitable for various uses.
      14206 S Indiana Ave, Riverdale, IL 60827
      View Details
    • $139,900

      Riverdale Duplex-Style Two-Flat For Sale

      Well-maintained duplex in a quiet neighborhood, great for investors.
      13701 S School St, Riverdale, IL 60827
      View Details
    • $159,900

      Solid Brick 2-Flat Investment

      Well-maintained 2-flat near transportation, schools, and parks.
      426 W 138Th St, Riverdale, IL 60827
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      6-Acre Rail-Served Land Site

      6-acre rail-served site for lease, build-to-suit opportunity.
      440 East 138Th St, Chicago, IL 60827
      View Details
    • $10 SF/Yr

      ALDI-Anchored Retail Center For Rent

      High-visibility retail space near Ashland & Vermont Ave intersection.
      13053-13081 S Ashland Ave, Calumet Park, IL 60827
      View Details
    • $10 SF/Yr

      Redevelopment Opportunity on I-57 Frontage

      Divisible 50,310 SF space near I-57 and Ashland & Vermont.
      13001 S Ashland Ave, Calumet Park, IL 60827
      View Details
    • $20 SF/Yr
      1,180 SF

      Retail Space Near I-57

      Retail space in a densely populated business and shopping district.
      1413 W 127Th St, Calumet Park, IL 60827
      View Details
    • $10 SF/Yr
      3,600 SF

      Retail Space with I-57 Visibility

      Retail space in community center visible from I-57.
      13053-13085 S Ashland Ave, Calumet Park, IL 60827
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12808 Ashland Ave
    Calumet Park, IL 60827-6308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12808 Ashland Ave, Calumet Park, IL, 60827
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!