Property summary
This 10,200-square-foot single-tenant warehouse, located at 11109 S Michigan Ave in Chicago, IL (60628), presents a compelling opportunity. Situated on a 10,200-square-foot lot, this Class C building boasts a main floor and lower level, each spanning 5,100 square feet. Built in 1920 and renovated in 2000, the property features alley access to both floors, providing convenient loading and unloading. The building is zoned B1-3 and benefits from a generous gross lease of $4,500 per month, inclusive of water, property taxes, and building insurance. The property includes a private office, one bathroom, and dual central heating and air conditioning. Its prime location on busy South Michigan Avenue, near O'Reilly Auto Parts, Dollar General, Boost Mobile, and Union Bank, ensures high visibility and foot traffic. Ample street parking is available. The building's spacious layout and convenient features make it suitable for various retail uses, including furniture, clothing, and online resale businesses. The dry basement offers substantial storage capacity. This is a rare opportunity to acquire a well-located, functional warehouse space in a thriving retail district. The property has zero parking spaces and no elevators. Cook County taxes are included in the lease.
Property profile
VerifiedCap rate & NOI
Current use
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Discount Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Chicago market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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