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Development Land with Existing Building

1467 S Michigan Avenue Chicago, IL 60605

1467 S Michigan Avenue, Chicago, IL, 60605
$2,900,000
For Sale
$2,900,000

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$145
Days on Market343

Property Features for 1467 S Michigan Avenue

General Information

Standard status
Active
Size
20,000 SF
Lot size
0.31 Acres
Property subtype
General Commercial

Building Details

Year Built
1898
Listing agency Ascot Realty Group, Inc.
Listed by Denis Ascot · License #471020943
Source Xome
Added: Aug 14, 2025 Updated: Jul 21 at 5:11PM Checked: Jul 21 at 5:11PM

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.

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

Location Intelligence

Current Use by Public Records

Uche Ugwe Chartered ... Accounting Firm J & A Computer Doctors Computer & Electronic Repair

Suggested Use

Nursing Home (Bike/Boat/Book/etc) Store Florist Nursing Home HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Tanning Salon (Bike/Boat/Book/etc) Store Auto Parts Store

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

FAQs

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 S Michigan Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,900,000.
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
Contact an agent
More about this property
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