2400 S Michigan Ave Chicago, IL 60616

Listing agency Baum Realty Group a***@jameson.com Show Phone

Listed by Ari Topper · License #IL 475.132043

Source Crexi

Added: Apr 11 Updated: Jul 21 at 8:10PM Checked: Jul 21 at 8:10PM

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Investment Insights

Based on property information with market context.

A covered land opportunity featuring two recently restored historic landmark buildings totaling approximately 60,000 sf of building area on a 147,256 sf site. 2400 S. Michigan Avenue (the Chicago Defender Building) is leased to Revel under a long-term, NNN lease. The offering also includes a vacant building at 2412 S. Michigan Avenue totaling approximately 110,000 sf, along with an adjacent land site totaling approximately 120,000 sf.

The adjacent land site fronts Wabash Avenue and 24th Street and is described as providing parking revenue, with significant long-term development potential noted in the offering materials. The combination of in-place income and additional space and land supports multiple pathways for future leasing and development planning.

Key Highlights

• Two recently restored historic landmark buildings totaling approx. 60,000 SF on a 147,256 SF site
• 2400 S. Michigan Avenue (Chicago Defender Building) leased to Revel under a long‑term NNN lease
• Revel is the operator of the Revel Motor Row event venue

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FAQs

What type of property is this?

NNN property - Two recently restored historic landmark buildings on a large site, including a long-term NNN lease.

Where is this nnn property located?

The property is located at 2400 S Michigan Ave Chicago, IL.

What are key features of this property?

This property features: Two recently restored historic landmark buildings totaling approx. 60,000 SF on a 147,256 SF site; 2400 S. Michigan Avenue (Chicago Defender Building) leased to Revel under a long‑term NNN lease; Revel is the operator of the Revel Motor Row event venue