Commercial Land with Existing
For Sale
$2,499,000
1467 S Michigan Avenue, Chicago, IL 60605
DX-7 zoning supports ground-up redevelopment or repositioning of the existing structure.
Property Size20,000 SF
Days on Market408
Property Features for 1467 S Michigan Avenue
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$139,254
Building Details
Building Size
20,000 SF
Year Built
1898
Stories
3
Listing Agency:
Ascot Realty Group, Inc.
(312) 849-3100
Listed By:
Denis Ascot · License #475118502
(312) 849-3100
Source:
Allinonerealestateco
Added: Jul 18, 2025
Changed: Aug 28
Last Checked: Aug 29 at 10:22AM
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 commercial land offering includes an existing 22,000-square-foot building constructed in 1898, along with a 21-by-161-foot side lot. The property provides 63 feet of frontage on Michigan Avenue and includes multiple PINs: 17-22-108-016, 17-22-108-017, and 17-22-108-018.
The DX-7 zoning supports either ground-up redevelopment or repositioning of the existing building. Located at 1467 S Michigan Avenue in Chicago, the property combines an established structure with additional land and a prominent avenue frontage. The configuration provides a basis for evaluating redevelopment or reuse within the existing commercial setting.
The DX-7 zoning supports either ground-up redevelopment or repositioning of the existing building. Located at 1467 S Michigan Avenue in Chicago, the property combines an established structure with additional land and a prominent avenue frontage. The configuration provides a basis for evaluating redevelopment or reuse within the existing commercial setting.
Key Highlights
- 22,000 sqft existing building constructed in 1898
- 21‑by‑161‑foot side lot included
- 63 feet of frontage on Michigan Avenue
Property Analytics
Property Profile
Current Use
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 - DX-7 zoning supports ground-up redevelopment or repositioning of the existing structure.
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 $2,499,000.
What are key features of this property?
This property features: 22,000 sqft existing building constructed in 1898; 21‑by‑161‑foot side lot included; 63 feet of frontage on Michigan Avenue
