Two-Story Retail Mixed-Use
For Sale
Contact for pricing
11149 S Michigan Ave, Chicago, IL 60628
Two-story building with former shoe retail on the first floor and office/residential potential above; renovation required.
Property SizeContact for details
Days on Market122
Property Features for 11149 S Michigan Ave
General Information
Standard status
Active
Property subtype
Mixed Use, Retail
Listing Agency:
EGP Realty
Listed By:
Scott Siegel, MBA · License #471011328
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 12:34PM
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 EGP Realty
Investment Insights
Based on property information with market context.
This +/-12,000 sf, two-story retail/mixed-use building is being offered for redevelopment with a former Payless Shoes use. A full gut renovation is required, and there is some minor fire damage on the first floor described as cosmetic (not structural). The second floor is reported to be in good shape.
The property is located just west of Chicago’s Historic Pullman neighborhood and has traffic counts of approximately 10,600 VPD. It is in an Opportunity Zone, with the 111th St. Pullman Metra stop about a 10-minute walk away. The Pullman National Monument is about 5 minutes beyond, while a Walmart Super Center is a short 5-minute drive and Harborside International Golf Center is about 6 minutes away.
The offering contemplates possibilities such as bringing back approximately +/-6,000 sf of ground-floor retail and adding new residential rentals above, or combining retail on the ground floor with shared office space on the upper level.
The property is located just west of Chicago’s Historic Pullman neighborhood and has traffic counts of approximately 10,600 VPD. It is in an Opportunity Zone, with the 111th St. Pullman Metra stop about a 10-minute walk away. The Pullman National Monument is about 5 minutes beyond, while a Walmart Super Center is a short 5-minute drive and Harborside International Golf Center is about 6 minutes away.
The offering contemplates possibilities such as bringing back approximately +/-6,000 sf of ground-floor retail and adding new residential rentals above, or combining retail on the ground floor with shared office space on the upper level.
Key Highlights
- About 12,000 SF, two‑story retail/mixed‑use building (former Payless Shoes) with first‑floor retail and office/residential potential above
- Ground‑floor retail potential of about 6,000 SF, with options for adding residential rentals above or retail with shared office space above
- Traffic counts of 10,600 VPD and the property is located in an Opportunity Zone
Property Analytics
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
Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story building with former shoe retail on the first floor and office/residential potential above; renovation required.
Where is this mixed-use property located?
The property is located at 11149 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: About 12,000 SF, two‑story retail/mixed‑use building (former Payless Shoes) with first‑floor retail and office/residential potential above; Ground‑floor retail potential of about 6,000 SF, with options for adding residential rentals above or retail with shared office space above; Traffic counts of 10,600 VPD and the property is located in an Opportunity Zone
