NNN Historic Landmark Development
For Sale
Contact for pricing
Pending
2400 S Michigan Ave, Chicago, IL 60616
Two recently restored historic landmark buildings on a large site, including a long-term NNN lease.
Property Size60,000 SF
Days on Market148
Property Features for 2400 S Michigan Ave
General Information
Standard status
Pending
Size
60,000 SF
Property subtype
Retail, Land
Listing Agency:
Baum Realty Group
Listed By:
Ari Topper · License #IL 475.132043
(312) 751-0300
Source:
Crexi
Added: Apr 11
Changed: Aug 16
Last Checked: Sep 5 at 1:34AM
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 Baum Realty Group
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.
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
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,275
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
Questions? Ask Rey
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Frequently Asked Questions
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
