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510 East End Ave
Calumet City, IL 60409
Baymont Inn & Suites Calumet City · Hospitality Property For Sale · 39,292 SF
Investment Highlights
- 79-Room, Interior Corridor, Midscale Hotel Built in 2001
- Priced Significantly Below Replacement Cost at $35,380 Per Key
- Hotel RevPAR Penetration of 95 Percent Compared to the Competitive Set
- Less than Seven Miles from Purdue University Northwest - Hammond
- Well Positioned with Excellent Visibility from Interstate 94
- Operational Upside for Prospective Hands-On Owner-Operator Investor
PROPERTY FACTS
Property Type | Hospitality | No. Stories | 3 |
Property Subtype | Hotel | Year Built/Renovated | 2001/2005 |
Building Class | B | Parking Ratio | 2.55/1,000 SF |
Lot Size | 2.87 AC | Corridor | Interior |
Building Size | 39,292 SF |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 2.87 AC |
Building Size | 39,292 SF |
No. Stories | 3 |
Year Built/Renovated | 2001/2005 |
Parking Ratio | 2.55/1,000 SF |
Corridor | Interior |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 510 East End Ave , Calumet City, IL 60409
Property Overview: The Baymont Inn & Suites Chicago Calumet City is a 79-room, three-story, interior corridor hotel built in 2001. Well-equipped with numerous common area and guest room amenities, this limited-service midscale hotel offers spacious guest rooms and lobby space that come furnished with a microwave, refrigerator, work desk, and flat-screen television. Additionally, the common area amenities the hotel offers includes an indoor pool, spa tub, fitness center, business center, and meeting space. Location Overview: Calumet City, Illinois is a city located in Cook County in the northeastern region of the state, 20 miles south of Chicago. The Baymont Inn & Suites Chicago Calumet City is superbly positioned along the Interstate 94 and Highway 83 intersection. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include health care, retail trade, and transportation. Lear Seating Corporation (6.3 miles) and Indiana Harbor Belt Railroad (7.3 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Franciscan Hammond Health (2.9 miles) and Horseshoe Casino (9.5 miles). Revenue generators in the area, like Purdue University Northwest Hammond (6.6 miles), Gary/Chicago International Airport (12.3 miles), and the Towne Square Mall (8.6 miles) help bring additional revenue to the hotel through an increase in transient business.
Links
PROPERTY TAXES
Parcel Number | 29-12-301-001-0000 | Improvements Assessment | $201,568 |
Land Assessment | $73,387 | Total Assessment | $274,955 |
PROPERTY TAXES
zoning
Zoning Code | C (Commercial) |
C (Commercial) |
Learn More About Investing in Hospitality Properties
Listing ID: 20625687
Date on Market: 8/13/2020
Last Updated:
Address: 510 East End Ave, Calumet City, IL 60409