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    1467 S Michigan Ave Chicago, IL 60605

    For Sale
    $3,500,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    20,000 SF
    Days on Market:
    130
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 1467 S Michigan Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    17221080160000
    Size
    20,000 SF

    Building Details

    Year built
    1898
    Architectural style
    Other

    Ascot Realty Group Inc. (312) 320-0808 [email protected]

    Listing agent Denis Ascot (312) 849-3100 License #471020943

    Listing date Jul 31, 2025

    MLS# 12424179 Listing URL

    Copyright © 2025 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.

    Overview

    Michigan Avenue Mixed-Use Opportunity

    This mixed-use property is located on Michigan Avenue in Chicago, IL. The property includes a 22,000 sqft building and a (21X161) side lot, offering 63 feet of frontage on Michigan Avenue. The site has DX-7 zoning, suitable for ground-up redevelopment or repositioning of the existing structure. The land site measures 10,171 sqft and consists of multiple Pins: 17-22-108-016, 17-22-108-017, 17-22-108-018.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Uche Ugwe Chartered ... Accountant J & A Computer Doctors Computer Repair Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6235746
    Latitude
    41.86219

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    FAQs

    What type of property is this?
    Mixed-use property - 22,000 sqft building with side lot on Michigan Avenue.
    Where is this mixed-use property located?
    The property is located at 1467 S Michigan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Prime Michigan Avenue location with **63 feet of frontage**.; - Excellent DX-7 zoning allows for ground-up redevelopment or repositioning.; - Large 10,171 sqft land site.
    (312) 849-3100
    Request Owner's contact information
    1467 S Michigan Ave Chicago, IL 60605
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    Chicago, IL 60605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1467 S Michigan Ave Chicago, IL 60605
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