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2419-2423 S Michigan Ave Chicago, IL 60611

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For Sale
$2,100,000

Rare building near public transit and expressways with parking.

Property size:
10,774 SF
Lot size:
0.16 Acres

Property Features for 2419-2423 S Michigan Ave

General Information

Size
10,774 SF
Lot size
0.16 Acres

Source: Cawley Chicago Agent Frank Melchert, SIOR

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Stand-Alone Building with Parking

This stand-alone building offers approximately 10,774 square feet of space on a lot of approximately 20,294 square feet, and includes 25 off-street parking spaces. The property features one drive-in door, an 18-foot clear ceiling height, and a clear span with no columns. It has 64 feet of frontage on Michigan Avenue. The building is located within walking distance of CTA train, CTA bus, Metra train, and bike stations, and provides immediate access to multiple expressways and major transportation corridors. It has frontage on the I-55 (Stevenson) expressway, with visibility from approximately 103,700 vehicles per day. The property is located across the street from McCormick Place. The zoning is DS (Downtown Service). The property consists of multiple parcels. Real estate taxes are $96,668, which is $8.97 per square foot. Potential incentives include a qualified opportunity zone, Class L property tax incentive, landmark district permit fee waiver program, and 24th/Michigan TIF.
Location Intelligence

Current Use by Public Records

Parking lots & garages

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

Similar Places Nearby

Stasher - Luggage Storage Chicago Downtown - Online Booking only, Nannybag Luggage Storage, Bounce Luggage Storage - Grant Park & South Loop, Bounce Luggage Storage - South Loop / Printer's Row, Right Way Auto Transport Kings

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6232478
Latitude
41.8487182

FAQs

What type of property is this?
Warehouse - Rare building near public transit and expressways with parking.
Where is this warehouse located?
The property is located at 2419-2423 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - Rare stand-alone building with 25 off-street parking spaces.; - High visibility location on I-55 (Stevenson) expressway, viewed by 103,700 vehicles per day.; - Located across the street from McCormick Place.
More about this property
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