318 S Michigan Ave, Unit LL-1 Chicago, IL 60604

This 9,050 SF storefront condominium is located on Chicago's Michigan Avenue in the Central Business District. The space includes 7,170 SF on the ground floor, a 1,880 SF mezzanine, and a 1,950 SF basement. The open shell layout features large windows providing natural light. The DX-16 zoning allows for a range of possibilities, including a restaurant concept. Outdoor patio space is possible. The property is located near the Adams/Wabash and Jackson "L" stations, and is a short distance from The Bean, Millennium Park, and The Art Institute. The location benefits from a dense population of students from nearby universities. Over $1,000,000 has been invested in infrastructure upgrades, including sprinkler systems, high capacity electrical service (800 AMP), a 40 ton chiller, and structural beams reinforcement. Black iron ductwork for a commercial kitchen is in place. The owner is offering a $1,000,000 cash Tenant Improvement allowance. Property taxes are included. Tenant pays HOA fees approximately $5psf/year CAM (includes cold water, hot water, heat, common insurance, and common area maintenance), and property insurance. The property ownership share is also available for sale.