1331 Michigan AveChicago, IL 60605

This exceptional 3-story mixed-use building, located at 1331 S Michigan Avenue in Chicago's vibrant South Loop, presents a compelling investment opportunity. Boasting a total area ranging from 3,000 to 11,700 square feet, the property features a street-level storefront of 3,000 to 3,900 square feet, with an additional 3,900 square feet on each of the upper two floors. Completely renovated in 2016, the building includes two new stairwells, a modern elevator, and upgraded life safety systems. The interior showcases exposed brick walls and column-free spaces, complemented by impressive 12'0"-13'0" ceiling heights. The DX-7 zoning allows for a variety of uses. Strategically positioned between the proposed One Central and The 78 developments, this property benefits from a high-traffic location with 16,800 vehicles passing daily on Michigan Avenue. The surrounding area boasts an average household income of $82,250 within a one-mile radius and has seen the addition of 1,700 new luxury apartments within a two-block radius in the past two years. Its proximity to public transportation, including the "L" train (green, red, and orange lines) at State & Roosevelt, further enhances its appeal. This property is ideally suited for medical, fitness, or professional uses, and is situated near prominent neighbors such as Rush Medical, The Paragon, NEMA, and the Chicago Firehouse Restaurant. The asking price is $1,499,000. This is a net lease property and is currently vacant.