Hotel 9118 S Cottage Grove Ave 37 Room Hotel Chicago, IL 60619 $2,650,000 ($71,622/Room)

Located in the Greater Grand Crossing community on Chicago’s South Side, just south of Woodlawn and near the Cottage Grove commercial corridor, this 2-Star, 37-room exterior corridor was built in 1971 offering 12,000 Sq. ft. of building with about 18,000 Sq. ft. of land. The 2-Story motel property offers standard amenities and convenient main-level parking. About 3-miles south of the Obama Presidential Library site near 63rd & Stony Island, the property benefits from ongoing South Side revitalization and corridor reinvestment. The surrounding area features active commercial redevelopment, strong traffic counts, walkable neighborhood retail and services. About 1-mile proximity to the Dan Ryan Expressway with Public transportation includes access to the Metra Electric Line,91st St. station and CTA bus routes providing connections to downtown Chicago and surrounding neighborhoods. Zoned B3-2 Commercial, allowing a wide range of retail, warehouse, mixed-use, and residential-above-retail uses, presenting flexibility for repositioning or redevelopment. The area also qualifies for City of Chicago and local grant initiatives supporting business and property improvements.