Michigan Avenue Redevelopment
For Sale
$2,499,000
1467 S Michigan Avenue, Chicago, IL 60605
COMMERCIAL - Chicago, IL
Property Size22,000 SF
Lot Size0.23 Acres
Price / SF$113.59
Days on Market379
Property Features for 1467 S Michigan Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
ROOSEVELT TO MICHIGAN, SOUTH TO 1465 S. MICHIGAN
Subdivision
CHI - Near South Side
Standard status
Active
APN
17221080160000
Size
22,000 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
139254
Building Details
Year built
1898
Floors in Building
3
Building materials
Brick, Concrete
Listing Agency:
Ascot Realty Group, Inc.
(312) 849-3100
Listed By:
Denis Ascot · License #471020943
(312) 320-0808
Added: Jul 18, 2025
Changed: May 13
Last Checked: Jul 31 at 12:06AM
MLS# 12424179
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property offers an opportunity to own a piece of Michigan Avenue. It includes a 22,000 square foot building along with a side lot measuring 21 feet by 161 feet. The property features 63 feet of frontage on Michigan Avenue and is located on a 10,171 square foot land site, approximately 0.2335 acres. It benefits from DX-7 zoning, making it suitable for ground-up redevelopment or repositioning of the existing structure. The property consists of multiple pins: 17-22-108-016, 17-22-108-017, and 17-22-108-018.
Key Highlights
- Prime Michigan Avenue location with 63 feet of frontage.
- Large 22,000 sqft building with redevelopment potential.
- Valuable DX‑7 zoning allows for ground‑up redevelopment.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 60605, IL
34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime commercial land for redevelopment on Michigan Avenue.
Where is this commercial land located?
The property is located at 1467 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Prime Michigan Avenue location with **63 feet of frontage.**; Large 22,000 sqft building with redevelopment potential.; Valuable DX‑7 zoning allows for ground‑up redevelopment.
