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Parking Space in Chicago Available
For Sale
$30,000

1400 S Michigan Avenue, Chicago, IL 60605

LAND - Chicago, IL

Property SizeContact for details
Days on Market105

Property Features for 1400 S Michigan Avenue

General Information

Property type Land
Property subtype Other
Subdivision Michigan Avenue Towers
Directions Roosevelt to Michigan Avenue. South to address.
Standard status Active
APN 17221070801378

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 673
HOA Fee $69 Annually

Building Details

Year built 2008
Listing Agency: EXIT Strategy Realty · EXIT Realty
Listed By: John Zimmers · License #471006999
Added: Apr 30 Changed: Jul 14 Last Checked: Aug 12 at 9:06AM
MLS# 12634881

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

A parking space is available for sale. The property is located in Chicago, Illinois. Specifically, the space is situated on the 5th floor.

Key Highlights

  • Prime location.
  • Enjoy the convenience of a 5th‑floor parking space.
  • Available for sale or rent, offering flexibility.

Property Analytics

Current Use

Gallo Law Group, ... Law Firm Chicago Waffles Restaurant eDigitalStudios Marketing & Advertising Nia Anne Photography Photography Service Go Grocer Grocery & Convenience Store

Suggested Use

Top Pick Florist Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,301
Businesses Nearby
251k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 53% Groceries 39% Hotels & Casinos 4% Dining 3%
Target Superstores
131,620 visits/mo 0.5 miles
Mariano's Groceries
50,480 visits/mo 0.5 miles
Jewel-Osco Groceries
46,012 visits/mo 0.2 miles
Dunkin' Donuts Dining
7,724 visits/mo 0.3 miles
Best Western Grant Park Hotel Hotels & Casinos
6,261 visits/mo 0.4 miles

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Parking lot & garage - Prime parking space for sale in Chicago's vibrant area.
Where is this parking lot & garage located?
The property is located at 1400 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Prime location.; Enjoy the convenience of a 5th‑floor parking space.; Available for sale or rent, offering flexibility.
More about this property
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