South Loop Mixed-Use
1509 S Michigan Ave Chicago, IL
Mixed-use building in Chicago's South Loop with redevelopment potential.
Type:OFFICE
Property size:
4,500 SFLot size:
0.20 Acres- Added:
- Sep 17, 2025
- Days on Market:
- 297
- 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 usListing office Conlon Real Estate (312) 733-7201
Listing date Sep 17, 2025
Source Moodyscre
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Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kelley K. O'connor ...
Physician
Sandy Zhang
Physician
Tyler Zeken
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Eric Warner
Physician
Athletico Physical Therapy ...
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FAQs
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.
