Kings Inn 12808 S Ashland Ave
92 Room Hotel Calumet Park, IL 60827 $4,315,500 CAD ($46,908 CAD/Room) 9.06% Cap Rate
INVESTMENT HIGHLIGHTS
- This property features a wide spread of amenities including gaming slot machines in the lobby for guests
- I-57 is one of the busiest interstates in Illinois and just 18 miles south of downtown Chicago.
- Kings Inn offers a strong brand for economy tier hotels in the submarket of South Chicago
EXECUTIVE SUMMARY
Situated in Calumet Park, the Kings Inn Independent Hotel is a interior corridor property that spans 3 stories. Situated visible off of I57. With 92 rooms this property can accommodate the strong demand for economy independent hotels. Kings Inn also has Strong demand generators in proximity including McDonalds and the Burr Oak train station 0.3 miles west of the subject property and 14 miles from Midway International airport.
PROPERTY FACTS
| Price | $4,315,500 CAD |
| Price Per Room | $46,908 CAD |
| Sale Type | Investment |
| Cap Rate | 9.06% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 44,836 SF |
| No. Rooms | 92 |
| No. Stories | 3 |
| Year Built | 1995 |
| Parking Ratio | 0.89/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 12 | $123.71 CAD | - |
| Guest Room | 80 | $99.26 CAD | - |
1 of 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 25-31-204-026-0000 | Improvements Assessment | $1,346,668 CAD |
| Land Assessment | $78,640 CAD | Total Assessment | $1,425,308 CAD |
ZONING
| Zoning Code | C, Calumet Park |
