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    11139 S Michigan Ave Chicago, IL 60611

    For Sale
    Contact for pricing

    Two-story retail building with frontage on Michigan Avenue.

    Property size:
    8,800 SF
    Lot size:
    0.14 Acres

    Property Features for 11139 S Michigan Ave

    General Information

    Size
    8,800 SF
    Lot size
    0.14 Acres

    Source: Millennium Properties Real Estate Agent Susan B. Silver

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

    Overview

    Retail Building on Michigan Avenue

    This two-story retail building features 6,382 square feet of retail space on the first floor, with a partial second floor and a full basement for storage. The first floor has been completely renovated. The property offers excellent frontage on Michigan Avenue and easy access to I-57, I-94, and public transportation. The property is suitable for either an owner-user or an investor. The annual rent is $13,500. The tenant is responsible for utilities, maintenance, and taxes. The total property size is 8,800 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    ParkChicago #408607 Public Parking Space Platelet-rich plasma Wellness ... Medical Clinic DTLR Shoe Store

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6206911
    Latitude
    41.6913827

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    FAQs

    What type of property is this?
    Retail space - Two-story retail building with frontage on Michigan Avenue.
    Where is this retail space located?
    The property is located at 11139 S Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: - Rehabbed first floor retail space; - Excellent frontage on Michigan Avenue; - Opportunity for owner-user or investor
    (312) 338-3000
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    11139 S Michigan Ave Chicago, IL 60611
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    Chicago, IL 60611
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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
    11139 S Michigan Ave Chicago, IL 60611
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