1454 Michigan Ave Chicago, IL 60605

Property Details for 1454 Michigan Ave

Year built

1901

Property size

4,834 SF

Property type

Storefront properties

Description

This exceptional 4,834 square foot, two-story commercial property located at 1454 S Michigan Ave in Chicago's vibrant South Loop neighborhood presents a unique investment opportunity. Built in 1901, this building offers a captivating blend of historical charm and modern functionality. The street-level storefront boasts 2,217 square feet, featuring floor-to-ceiling gliding windows, a 22-foot wet bar, 12-foot ceilings, concrete floors, exposed brick and ductwork, shiplap and aluminum walls creating an industrial aesthetic. This level is currently configured with three rooms, storage, a tech closet, and three restrooms. The second floor encompasses 2,617 square feet, equally impressive with floor-to-ceiling windows, exposed brick and ductwork, timber beams, a skylight, hardwood flooring, and a private restroom with a kitchenette. Three additional rooms provide ample storage. A chair lift is installed for accessibility. The second floor offers direct access from Michigan Avenue, and there is also a rear entrance with an accessible elevator in the lobby. The property includes rooftop rights, and assigned garage parking is negotiable. This location benefits from high visibility, with 19,327 vehicles passing daily and 93% pedestrian traffic. The Cook County property has a tax cost of $0.80 per square foot. The entire building is currently vacant. This is a rare opportunity to acquire a fully adaptable space in a high-traffic, desirable location.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6244691

Latitude

41.8624936