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South Loop Mixed-Use Building

1509 S Michigan Ave, Chicago, IL

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For Sale

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Mixed-use building in Chicago's South Loop with redevelopment potential.

Type:OFFICE

Property size:

4,500 SF

Lot size:

0.20 Acres

Contact for Pricing

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and status of this listing

Steve Horvath

Real Estate License ID: 475128970

HighLights

Rare 25,000 SF mixed‑use building with a 4,347 SF adjacent parking lot in Chicago's South Loop.
Zoned DX‑7, offering significant redevelopment potential or value‑add investment upside.
Six total units: two occupied ground‑floor commercial units and four expansive loft‑style units.
Ideal for investors, developers, or owner‑users seeking long‑term growth in a fast‑growing area.
Elevator building with natural lighting.
One second floor and one third floor office/retail space also available for lease.

For Sale

Contact for pricing

Mixed-use building in Chicago's South Loop with redevelopment potential.

Type:OFFICE

Property size:

4,500 SF

Lot size:

0.20 Acres

Added:: Sep 17, 2025
Days on Market:: 268
Last Refresh:: May 20 at 9:16 pm

Property Features for 1509 S Michigan Ave

General Information

Standard status: Active
Size: 4,500 SF
Lot size: 0.20 Acres
Property subtype: OFFICE

Properties For Sale

at 1509 S Michigan Ave Contact us

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Listing Contact

Steve Horvath

Listing agent Steve Horvath License #475128970

Listing office Conlon Real Estate

Listing date Sep 17, 2025

Source Moodyscre

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All listing content including descriptions, pricing, images are the copyrighted material of Conlon Real Estate

HighLights

Rare 25,000 SF mixed‑use building with a 4,347 SF adjacent parking lot in Chicago's South Loop.
Zoned DX‑7, offering significant redevelopment potential or value‑add investment upside.
Six total units: two occupied ground‑floor commercial units and four expansive loft‑style units.
Ideal for investors, developers, or owner‑users seeking long‑term growth in a fast‑growing area.
Elevator building with natural lighting.
One second floor and one third floor office/retail space also available for lease.

Overview

This mixed-use building, encompassing 25,000 square feet, is situated in Chicago’s South Loop neighborhood, accompanied by a 4,347 square foot adjacent parking lot. The property features six units, including two occupied ground-floor commercial spaces and four loft-style units suitable for residential or commercial use. One second-floor and one third-floor office/retail space are available for lease. The building includes an elevator and natural lighting. Zoned DX-7, the property offers redevelopment potential and value-add investment opportunities. It is suitable for investors, developers, or owner-users looking to expand their portfolio or reposition in a growing area.

Property Profile Location Intelligence

Current Use by Public Records

Kelley K. O'connor ... Physician Sandy Zhang Physician Tyler Zeken Physician Eric Warner Physician Athletico Physical Therapy ... Physician

Suggested Use

Location Insight

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Local Demand

City: Chicago
County: Cook
State: Illinois
Longitude: -87.6236
Latitude: 41.8617

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For sale
Mixed-use properties
IL
Chicago
1509 S Michigan Ave

What type of property is this?

Mixed-use property - Mixed-use building in Chicago's South Loop with redevelopment potential.

Where is this mixed-use property located?

The property is located at 1509 S Michigan Ave Chicago, IL.

What are key features of this property?

This property features: Rare 25,000 SF mixed‑use building with a 4,347 SF adjacent parking lot in Chicago's South Loop.; Zoned DX‑7, offering significant redevelopment potential or value‑add investment upside.; Six total units: two occupied ground‑floor commercial units and four expansive loft‑style units.

1509 S Michigan Ave, Chicago, IL

Mixed-use building in Chicago's South Loop with redevelopment potential.

Property Features for 1509 S Michigan Ave

General Information

Properties For Sale

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Renovated Chicago Industrial Flex Warehouse

West Town Corner Retail Space

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with PPA License

Turnkey Restaurant Venue with Licenses

Turnkey Restaurant Opportunity in Chicago

Prime Retail Space in Chicago

Chicago Office Building with Parking

Chicago Commercial Buildings For Sale

Chicago Commercial Space for Sale

Fulton River District Commercial Loft

Wicker Park Corner Retail Building

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