2419-2423 S Michigan Ave Chicago, IL
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Rare building near public transit and expressways with parking.
Type:INDUSTRIAL
Property size:
10,774 SFLot size:
0.16 AcresPrice / SF:
$162/SF- Added:
- Sep 21, 2023
- Days on Market:
- 955
- Last Refresh:
- Apr 5 at 9:10 pm
Property Features for 2419-2423 S Michigan Ave
General Information
- Standard status
- Active
- Size
- 10,774 SF
- Lot size
- 0.16 Acres
- Property subtype
- INDUSTRIAL
Listing agent Frank Melchert, SIOR (312) 208-1561
Listing office Cawley Chicago (312) 208-1561
Listing date Sep 21, 2023
Source Moodyscre
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 Cawley Chicago
Overview
Stand-Alone Building with Parking
This stand-alone building offers approximately 10,774 square feet of space on a lot of approximately 20,294 square feet, and includes 25 off-street parking spaces. The property features one drive-in door, an 18-foot clear ceiling height, and a clear span with no columns. It has 64 feet of frontage on Michigan Avenue. The building is located within walking distance of CTA train, CTA bus, Metra train, and bike stations, and provides immediate access to multiple expressways and major transportation corridors. It has frontage on the I-55 (Stevenson) expressway, with visibility from approximately 103,700 vehicles per day. The property is located across the street from McCormick Place. The zoning is DS (Downtown Service). The property consists of multiple parcels. Real estate taxes are $96,668, which is $8.97 per square foot. Potential incentives include a qualified opportunity zone, Class L property tax incentive, landmark district permit fee waiver program, and 24th/Michigan TIF.
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar Places Nearby
- Rentner Marine Services — 13535 S Forest Ave, Chicago, IL 60827
- BWC Terminals — 13550 S Indiana Ave, Riverdale, IL 60827
- Houston Marine Service — 13414 S Indiana Ave, Chicago, IL 60827
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6232
- Latitude
- 41.8487
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Rare building near public transit and expressways with parking.
Where is this warehouse located?
The property is located at 2419-2423 S Michigan Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Rare stand‑alone building with 25 off‑street parking spaces.; High visibility location on I‑55 (Stevenson) expressway, viewed by 103,700 vehicles per day.; Located across the street from McCormick Place.
