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2210 Michigan Ave Chicago, IL 60616

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For Sale
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Chicago gem: high NOI, 100% occupied.

Property size:
22,737 SF

Property Features for 2210 Michigan Ave

General Information

Property type
Restaurants
Square Feet
22,737 SF

Building Details

Year Renovated
2019
Buildings
1
Stories
2
Units
6

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Listing Contact
Milan Rubenstein
Milan Rubenstein

Listing Agency: Windy City RE LLC Listing Agent: Milan Rubenstein

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional mixed-use property, located at 2210-2216 South Michigan Avenue in Chicago's vibrant South Loop, offers a compelling investment opportunity. The 23,048 square foot building boasts a diverse tenant mix, including a restaurant, pizzeria, and upscale retail spaces on the ground floor, and three fully occupied office suites on the second floor. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $479,168, with a pro-forma NOI projected at $516,604. The building, constructed in 2019, comprises one two-story structure with six individual units. Its prime location offers unparalleled visibility and accessibility, situated at the southwest corner of East Cermak Road and South Michigan Avenue, with exposure to over 20,850 vehicles daily. The property benefits from its proximity to major attractions including McCormick Place Convention Center, Wintrust Arena, and the Marriott Marquis Hotel, drawing nearly 3 million visitors annually. Convenient access to public transportation via the CTA "L" station (Red, Orange, and Green Lines) and major interstate systems (I-90/94, I-55, and Lake Shore Drive) further enhances its appeal. The surrounding area is experiencing significant growth, fueled by new residential developments, hotel expansions, and the ongoing $390 million McCormick Square expansion project, promising increased foot traffic and community vibrancy. This property is located within an Opportunity Zone, offering potential tax advantages for investors. This is a rare opportunity to acquire a high-performing, mixed-use asset in a rapidly developing and highly desirable Chicago location.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Williams Inn Pizza ... Restaurant

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.624271
Latitude
41.8524303

FAQs

What type of property is this?
Restaurant - Chicago gem: high NOI, 100% occupied.
Where is this restaurant located?
The property is located at 2210 Michigan Ave Chicago, IL.
What are key features of this property?
This property features: South Chicago submarket location, adjacent to the South Loop.; High-quality building improvements.; Located in a designated Opportunity Zone, offering tax advantages.
(747) 271-1834 Call to check price and availability
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