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Michigan Avenue Commercial Land

1467 S Michigan Avenue, Chicago, IL 60605

For Sale
New
$2,499,000

The parcel offers a redevelopment site alongside an existing three-story building.

Property Size20,000 SF
Price / SF$124.95
Days on Market4

Property Features for 1467 S Michigan Avenue

General Information

Standard status Active
Size 20,000 SF
Property subtype Instut/To Develop

Site & Location

Neighborhood South Loop

Taxes and HOA fees

Annual Taxes $139,254

Amenities

161X63
20000

Building Details

Building Size 20,000 SF
Year Built 1898
Stories 3
Listing Agency: Ascot Realty Group, Inc.
Listed By: Luann Collins
Source: Paragonfloridarealty
Added: Nov 6 Changed: Nov 7 Last Checked: Nov 8 at 8:34PM

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 Ascot Realty Group, Inc.

Rey
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Investment Insights

Based on property information with market context.

This commercial land offering includes a 10,171-square-foot land site and a three-story building measuring 22,000 square feet. The existing structure dates to 1898, and the property is zoned DX-7. The remarks describe potential for redevelopment or repositioning of the building.

At 1467 S Michigan Avenue in Chicago, the site has 63 feet of frontage on Michigan Avenue and includes a side lot measuring 21 by 161 feet. The property is identified by multiple parcel numbers: 17-22-108-016, 17-22-108-017, and 17-22-108-018.

Key Highlights

  • 10,171‑square‑foot land site
  • Three‑story, 22,000‑square‑foot existing building, constructed in 1898
  • DX‑7 zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

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

Suggested Use

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

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

4,044
Businesses Nearby
129k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 75% Shops & Services 18% Dining 8%
Mariano's Groceries
50,480 visits/mo 0.4 miles
Jewel-Osco Groceries
46,012 visits/mo 0.3 miles
Chase Bank Shops & Services
11,972 visits/mo 0.5 miles
Dunkin' Donuts Dining
7,724 visits/mo 0.1 miles
PNC Bank Shops & Services
5,127 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Chicago

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Commercial land - The parcel offers a redevelopment site alongside an existing three-story building.
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: 10,171‑square‑foot land site; Three‑story, 22,000‑square‑foot existing building, constructed in 1898; DX‑7 zoning
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