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$3,500,000
Est. payment /mo
20,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 20,200 sqft
Price per Sqft $173
MLS Listing ID 12571609
Annual Tax Amount $145,605
Tax Year 2024
Lot Dimensions 143x122
Property Sub-Type Bus / Bus w/Real Est
Property Description
Best Motel by OYO Chicago, 53-rooms, 2-Story California-style exterior corridor motel built in 1971, totaling approximately 20,200 building Sq ft. and about 18,000 Sq ft. of land with main-level on-site parking. Located in Chicago's Woodlawn neighborhood on the South Side, near Hyde Park and Englewood. The property is within 2-miles from Barak Obama Presidential Library, close to the University of Chicago, Jackson Park, the Museum of Science and Industry, neighborhood retails and transit, including the CTA King Drive Station. Approximately 1-mile east of the Dan Ryan Expressway and within several miles from and to downtown Chicago, the area is experiencing ongoing redevelopment, including the nearby Barack Obama Presidential Library (opening Spring 2026). Zoned C1-2 Commercial, permitting a wide range of uses including retail, auto services, warehouse, mixed-use, and residential above ground floor.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Bus / Bus w/Real Est
Structure Type Concrete
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Listed by Mark Ahmad of Century 21 Circle