Development Land with Existing
For Sale
$2,499,000
1467 Michigan Avenue, Chicago, IL 60605
Development land offering a three-story building and a side lot, with 63 feet of frontage on Michigan Avenue.
Property Size20,000 SF
Lot Size0.31 Acres
Price / SF$124.95
Days on Market238
Property Features for 1467 Michigan Avenue
General Information
Standard status
Active
Size
20,000 SF
Lot size
0.31 Acres
Property subtype
General Commercial
Zoning
DX-7
Additional Details
Road Access
Yes
Amenities
3
Building Details
Year Built
1898
Stories
3
Listing Agency:
Ascot Realty Group, Inc.
(312) 203-0049
Listed By:
Denis Ascot · License #475118502
(312) 203-0049
Source:
Xome
Added: Dec 14, 2025
Changed: Aug 7
Last Checked: Aug 9 at 5:04AM
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 Ascot Realty Group, Inc.
Investment Insights
Based on property information with market context.
This development land package includes an existing three-story building totaling approximately 22,000 square feet, along with an additional side lot measuring 21 by 161 feet. The property also provides 63 feet of frontage on Michigan Avenue, supporting redevelopment or repositioning opportunities tied to the site’s existing improvements.
The land site is listed at approximately 10,171 square feet and includes multiple parcel pins: 17-22-108-016, 17-22-108-017, and 17-22-108-018 (and additional related pins noted in the listing). The provided remarks reference DX-7 zoning as a key attribute for ground-up redevelopment or repositioning of the existing structure.
For sale as a consolidated assemblage, this site is positioned for parties evaluating redevelopment strategy around frontage and existing building scope.
The land site is listed at approximately 10,171 square feet and includes multiple parcel pins: 17-22-108-016, 17-22-108-017, and 17-22-108-018 (and additional related pins noted in the listing). The provided remarks reference DX-7 zoning as a key attribute for ground-up redevelopment or repositioning of the existing structure.
For sale as a consolidated assemblage, this site is positioned for parties evaluating redevelopment strategy around frontage and existing building scope.
Key Highlights
- 63 ft frontage on Michigan Avenue with a 10,171 sqft land site
- Three‑story 22,000 sqft building on the property
- Includes a (21x161) side lot
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Development land offering a three-story building and a side lot, with 63 feet of frontage on Michigan Avenue.
Where is this commercial land located?
The property is located at 1467 Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: 63 ft frontage on Michigan Avenue with a 10,171 sqft land site; Three‑story 22,000 sqft building on the property; Includes a (21x161) side lot
