Mixed-Use Building with Parking
For Sale
Contact for pricing
1509 S Michigan Ave, Chicago, IL 60605
Elevator-served property combines ground-floor commercial units with flexible upper-level loft spaces.
Property Size25,000 SF
Days on Market350
Property Features for 1509 S Michigan Ave
General Information
Standard status
Active
Size
25,000 SF
Elevators
Yes
Property subtype
OFFICE
Zoning
DX-7
Building Details
Buildings
1
Listing Agency:
CRE Advising
(630) 430-4300
Listed By:
Steve Horvath · License #475128970
Source:
Moodyscre
Added: Sep 17, 2025
Changed: Aug 29
Last Checked: Aug 31 at 1:08PM
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 CRE Advising
Investment Insights
Based on property information with market context.
The property includes a 25,000-square-foot mixed-use building with six units: two occupied commercial spaces at ground level and four loft-style units above. Upper floors also include office and retail space available for lease. An elevator and natural lighting serve the building, while the upper-level layout supports residential or commercial use as described in the offering.
A separate 4,347-square-foot parking lot sits adjacent to the building. The property is located at 1509 S Michigan Ave in Chicago’s South Loop neighborhood and carries DX-7 zoning. The zoning designation supports consideration of redevelopment or repositioning plans, subject to applicable approvals.
The combination of commercial occupancy, upper-level loft space, available office and retail areas, and dedicated adjacent parking creates a varied mixed-use configuration within a single property.
A separate 4,347-square-foot parking lot sits adjacent to the building. The property is located at 1509 S Michigan Ave in Chicago’s South Loop neighborhood and carries DX-7 zoning. The zoning designation supports consideration of redevelopment or repositioning plans, subject to applicable approvals.
The combination of commercial occupancy, upper-level loft space, available office and retail areas, and dedicated adjacent parking creates a varied mixed-use configuration within a single property.
Key Highlights
- 25,000 SF mixed‑use building with six total units
- Adjacent 4,347 SF parking lot
- Two occupied ground‑floor commercial units
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
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Elevator-served property combines ground-floor commercial units with flexible upper-level loft spaces.
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: 25,000 SF mixed‑use building with six total units; Adjacent 4,347 SF parking lot; Two occupied ground‑floor commercial units
