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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
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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
29-12-301-001-0000
Land Assessment
$73,387
Improvements Assessment
$201,568
Total Assessment
$274,955

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 20625687

  • Date on Market: 8/13/2020

  • Last Updated:

  • Address: 510 East End Ave, Calumet City, IL 60409

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