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Listing provided courtesy of Century 21 CircleMREDas Distributed by MLSGrid- MLS# 12571609MLS Provider

6535 S King DriveChicago, IL 60637

Commercial · 20,200 Sq. ft.
$3,500,000 Active

6535 S King Drive Overview

Time on Site:
129 days
Visits:
1

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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6535 S King Drive Facts & Features

  • Type Commercial
  • Sq. ft. 20,200
  • Price/Sq.ft. $173

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Hotel/Motel

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Woodlawn

Tax Information

  • Tax Annual Amount: $145,605.00
  • Tax Year: 2024

General Information

  • Parcel Number: 20222160150000
  • Possible Use: Commercial,Conditional Use,Condominium
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 20200

General Information

  • Cooling: Central Air
  • Stories: 2

Unit Information

  • Unit SqFt.: 20200

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 143x122
  • Lot Size Square Feet: 17446

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Concrete

6535 S King Drive Neighborhood

Community

60637 (CHICAGO) Demographics

31
Median Age
8,890
Population Density (per sq. mile)
41%
College Educated
$30,149
Estimated Median Income
4,970
Estimated Total Home Owners
15,152
Estimated Total Renters
25% / 75%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

6535 S King Drive Monthly Cost

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Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

6535 S King Drive Market Data

Based on the last 30 days in this zip code

$393,653
Average List Price
$235
Average Price per Square Foot
24
Properties Sold
105
Average Days on Market
115
Properties for Sale
Calculations provided by Reliance Network

6535 S King Drive History

Date Event Value Agent
2/25/2026Source: MRED Status Change
Active
2/20/2026Source: MRED Added to Database
February 20, 2026