Three-Story Loft
For Sale
Contact for pricing
2221 S Michigan Ave, Chicago, IL 60616
Historic district warehouse with DS-5 zoning and proximity to CTA Green and Red Line stations.
Property Size33,500 SF
Lot Size0.23 Acres
Days on Market130
Property Features for 2221 S Michigan Ave
General Information
Standard status
Active
Size
33,500 SF
Lot size
0.23 Acres
Property subtype
RETAIL
Zoning
DS-5
Warehouse & Industrial
Clear Height
18.9 ft
Warehouse Space
33,500 SF
Additional Details
Opportunity Zone
Yes
Building Details
Stories
3
Building Size
33,500 SF
Listing Agency:
Transwestern | Chicago
(312) 881-7000
Listed By:
David Kimball · License #475131819
Source:
Moodyscre
Added: Apr 13
Changed: Aug 12
Last Checked: Aug 20 at 7:22AM
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 Transwestern | Chicago
Investment Insights
Based on property information with market context.
This three-story loft warehouse contains approximately 33,500 square feet on a 9,988-square-foot site measuring 62 feet by 160 feet. The first floor offers an 18-foot, 11-inch ceiling height, and the property includes 62 feet of frontage along Michigan Avenue.
The building is within Chicago’s Historic Motor Row Entertainment District. Transit access includes the CTA Green Line’s Cermak stop, approximately 775 feet away, and the CTA Red Line’s Chinatown stop, approximately 1,967 feet away. DS-5 zoning applies. Potential development incentives include Opportunity Zone status, TIF financing, Class-L rehabilitation, and federal historic tax credits.
The building is within Chicago’s Historic Motor Row Entertainment District. Transit access includes the CTA Green Line’s Cermak stop, approximately 775 feet away, and the CTA Red Line’s Chinatown stop, approximately 1,967 feet away. DS-5 zoning applies. Potential development incentives include Opportunity Zone status, TIF financing, Class-L rehabilitation, and federal historic tax credits.
Key Highlights
- Approximately 33,500 square feet across three warehouse levels
- 9,988‑square‑foot site measuring 62’ x 160’
- 18’11” ceiling height on the 1st floor
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
3,404
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Warehouse - Historic district warehouse with DS-5 zoning and proximity to CTA Green and Red Line stations.
Where is this warehouse located?
The property is located at 2221 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Approximately 33,500 square feet across three warehouse levels; 9,988‑square‑foot site measuring 62’ x 160’; 18’11” ceiling height on the 1st floor
