Under Contract

2416 S. Michigan Avenue Chicago, Illinois 60616

Under Contract
This two story mixed-use building is comprised of 14,800 Sq. Ft. of ground floor retail space, upper floor office space and one apartment, situated on a 8,114 SF parcel. A renovation of approximately $750,000 was completed in 2003 by Staalsen Construction Company. The renovation included the installation of a new passenger elevator, windows, HVAC system, plumbing, electric, stairways, roof, interior buildouts and faade rehab and One (1) Indoor parking space.
Property Highlights
  • Excellent single occupant building or user / investor opportunity
  • Desirable Motor Row District with new development including: new CTA Station at Cermak and Wabash, athletic arena for DePaul University and McCormick Hotel complex at Cermak and Indiana
  • Immediate access to I-55 and Lake Shore Drive
Property Specifications
Building Size +14,800 Sq. Ft.
Land Size +8,411 Sq. Ft.
Zoning DS-5
2014 Taxes $16,278 ($1.10 PSF)
Asking Price $1,825,000 ($123.31 PSF)
Property Location