Historic Motor Row
For Sale
Contact for pricing
2229 S Michigan Ave, Chicago, IL 60616
Charming building in Chicago's Motor Row, near McCormick Place.
Property Size29,834 SF
Days on Market2239
Property Features for 2229 S Michigan Ave
General Information
Standard status
Active
Size
29,834 SF
Class
B
Property subtype
Retail, Office, Mixed Use
Zoning
DS-5
Lease Type
Modified Gross
Investment Type
Stabilized
Building Details
Year Built
1918
Year Renovated
2018
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Windy City RE LLC
Listed By:
Milan Rubenstein · License #IL 01324137
(747) 271-1834
Source:
Crexi
Added: Jul 23, 2020
Changed: Aug 28
Last Checked: Sep 7 at 6:03AM
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.
Located in the South Loop, the property at 2229 S Michigan Avenue is a decorative building suitable for various users. Its zoning accommodates public, institutional, retail, and residential uses. The building is near McCormick Place, Millennium Park, CTA Red & Green Line, I-55 Expressway, and Downtown Chicago. It features solid construction, an appealing and historic façade, and very high ceilings. Formerly a Ford Motor Company showroom, this building is part of Chicago's historic Motor Row, soon to be the Entertainment District. It is a short distance from McCormick Place, Wintrust Arena, an 800-room Hyatt Hotel, and the Marriott Marquis Hotel. The Cermak Green Line L Station is two blocks away. A $390 million expansion project is underway nearby to create McCormick Square, a destination for new nightlife, hotels, and retail attractions. The property size is 29834 square feet.
Key Highlights
- Versatile zoning allows for public, institutional, retail, and residential uses.
- Prime South Loop location near McCormick Place, Wintrust Arena, Hyatt Hotel, and Marriott Marquis Hotel.
- Part of Chicago's historic Motor Row, soon to be the Entertainment District.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,404
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 Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Charming building in Chicago's Motor Row, near McCormick Place.
Where is this mixed-use property located?
The property is located at 2229 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Versatile zoning allows for public, institutional, retail, and residential uses.; Prime South Loop location near McCormick Place, Wintrust Arena, Hyatt Hotel, and Marriott Marquis Hotel.; Part of Chicago's historic Motor Row, soon to be the Entertainment District.
