6535 S King Drive Chicago, IL $ 3,500,000
6535 S King Drive
$ 3,500,000
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6535 S King Drive

Chicago, IL, 60637
$ 3,500,000
Bedrooms-- Baths-- Sq 20,200

Monthly Estimate*

$ 21,550

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Commercial Property for sale in Chicago, IL

for $3,500,000. This 20,200 square foot building was built on a lot size of 0.400505.

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.

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Commercial Active

Price

$ 3,500,000

Property Type

Commercial

Taxes

$ 145,605

Style

Hotel/Motel

Lot Size

0.400505

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12571609

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Concrete
Stories Count 2
Tax Year 2024
Business Type Hotel/Motel
County Cook
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
Possible Use Commercial Conditional Use Condominium
Status New
Directions Expressway-63rd east-King Dr. south-address. South Chicago Ave.-King Dr. North to address.
City Chicago
MLS Area CHI - Woodlawn
Lot Size Square Feet 17446
Tax Annual Amount 145605
Additional Parcels Y/N Y
Standard Status Active
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Exterior
Building Area Total 20200
Lot Dimensions 143x122
Frontage Type City Street
Waterfront Y/N N
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* Excluded Features
List By
Century 21 Circle

Broker

mark@chicagorealestatemarkets.com

Email

Affordability Calculator

$33,684
Per Month
64%
36%
0%
Monthly Principal & Interest
$21,550
Monthly Property Taxes
$12,134
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2026$3,500,000 Listed Price

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6535 S King Drive, Chicago, IL, 60637 is a Commercial Property for sale at $3,500,000 with 20,200 sqft and a lot size of 0.400505. The property's zip code is 60637 which is in Chicago, IL