Mixed-Use Building with Loft
For Sale
Contact for pricing
Pending
2014-2036 S Michigan Ave, Chicago, IL 60616
Mixed-use asset combining renovated residential lofts, leased retail, and flexible upper-level commercial space.
Property SizeContact for details
Days on Market146
Property Features for 2014-2036 S Michigan Ave
General Information
Standard status
Pending
Property subtype
Retail, Multifamily, Office, Mixed Use
Occupancy
95%
Additional Details
Public Transit
Yes
Multifamily Units
68
Amenities
gym
laundry rooms
parking lot
subterranean garage
Building Details
Year Renovated
2016
Tenancy
Multi
Listing Agency:
Windy City RE LLC
Listed By:
Milan Rubenstein · License #IL 01324137
(747) 271-1834
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 2 at 2:00AM
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 Windy City RE LLC
Investment Insights
Based on property information with market context.
This mixed-use property at 2014-2036 S Michigan Ave. incorporates residential, retail, and office components within a former Studebaker showroom. A substantial portion was converted into apartment units in 2016, with high ceilings, large windows, quartz countertops, stainless steel appliances, marble bathrooms, and high-end cabinetry. Residents have access to a renovated lobby, full-size gym, laundry rooms on every floor, and a subterranean garage. The residential component is 95% leased, with applications pending for the remaining units.
Ground-floor retail suites feature new build-outs and are fully leased. The second-floor commercial area includes an open loft layout, shared corridor, and new bathrooms, providing adaptable office or commercial space. An adjacent parking lot supplies on-site tenant parking and additional owner income.
The property is near McCormick Place, Wintrust Arena, Marriott Marquis, Hyatt Regency Hotels, and the Museum Campus, with the Cermak Green Line L Station two blocks away. It is also a short distance from Grant Park, Northerly Island, and Soldier Field.
Ground-floor retail suites feature new build-outs and are fully leased. The second-floor commercial area includes an open loft layout, shared corridor, and new bathrooms, providing adaptable office or commercial space. An adjacent parking lot supplies on-site tenant parking and additional owner income.
The property is near McCormick Place, Wintrust Arena, Marriott Marquis, Hyatt Regency Hotels, and the Museum Campus, with the Cermak Green Line L Station two blocks away. It is also a short distance from Grant Park, Northerly Island, and Soldier Field.
Key Highlights
- 2014‑2036 S Michigan Ave. mixed‑use property in Chicago’s South Loop
- Residential component converted in 2016 with high‑ceiling loft apartments and premium finishes
- Residential occupancy is 95%, with applications pending for remaining units
Property Analytics
Current Use
Lease Details
68
Residential units
95%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,534
Businesses Nearby
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use asset combining renovated residential lofts, leased retail, and flexible upper-level commercial space.
Where is this mixed-use property located?
The property is located at 2014-2036 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: 2014‑2036 S Michigan Ave. mixed‑use property in Chicago’s South Loop; Residential component converted in 2016 with high‑ceiling loft apartments and premium finishes; Residential occupancy is 95%, with applications pending for remaining units
