Michigan Avenue Land
For Sale
Contact for pricing
11241 S Michigan Ave, Chicago, IL 60628
8,208 SF land site near Metra and future CTA.
Property SizeContact for details
Lot Size0.19 Acres
Days on Market329
Property Features for 11241 S Michigan Ave
General Information
Standard status
Active
Lot size
0.19 Acres
Property subtype
Land
Zoning
M1-1
Listing Agency:
SVN Chicago Commercial
(312) 676-1878
Listed By:
Samuel Silveira · License #IL #475208508
Source:
Crexi
Added: Sep 29, 2025
Changed: Aug 14
Last Checked: Aug 23 at 6:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Chicago Commercial
Investment Insights
Based on property information with market context.
The property at 1241 S Michigan is an 8,208 SF land site with frontage on Michigan Ave. It is located steps from the Metra Station and blocks away from the proposed CTA Red Line Expansion Project. The current zoning is allocated for manufacturing or industrial use, but the Roseland Chamber of Commerce would consider a zoning change for the right retail business. The West Roseland neighborhood is characterized by its residential areas and retail corridors along Halsted Street and 115th Street, with community anchors such as Julian High School, Palmer Park, Abbott Park, and Roseland Community Hospital. The area offers strong transportation access through multiple CTA bus routes, the Metra Electric District line with direct service to downtown, and proximity to I-57 and the Bishop Ford Freeway. The CTA Red Line extension will add four new stations between 95th and 130th Streets, including a planned station at 115th Street near Michigan Avenue, further enhancing connectivity and supporting future investment. With ongoing infrastructure improvements and public and private reinvestment, West Roseland is positioned as a well-connected neighborhood with potential for long-term residential and commercial growth.
Key Highlights
- Proximity to the proposed CTA Red Line Expansion Project (115th Street station)
- Located steps from the Metra Station, providing direct service to downtown
- 8,208 SF land site with frontage on Michigan Ave
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Explore this area
Business Placement
Demographics for 60628, IL
62,832
Population
28,736
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
87%
High-School Grad
11.0 sq mi
ZIP Area
5,712
Density / Sq Mi
$49,719
Median Household Income
$35,974
Median Earnings
$1,168
Median Rent
$158,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 8,208 SF land site near Metra and future CTA.
Where is this commercial land located?
The property is located at 11241 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Proximity to the proposed CTA Red Line Expansion Project (115th Street station); Located steps from the Metra Station, providing direct service to downtown; 8,208 SF land site with frontage on Michigan Ave
