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2-8 N Michigan Ave - 2 N Michigan Avenue - Raising Cane's
5,076 SF Retail Condo Unit Offered at $10,780,000 in Chicago, IL 60602
Executive Summary
Incredible Michigan Ave and Millemmium Park Location.
Property Facts
| Price | $10,780,000 | Building Class | B |
| Unit Size | 5,076 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 5,076 SF |
| Total Building Size | 13,391 SF | Year Built | 1990 |
| Property Type | Retail (Condo) | Lot Size | 0.12 AC |
| Sale Type | Investment |
| Price | $10,780,000 |
| Unit Size | 5,076 SF |
| No. Units | 1 |
| Total Building Size | 13,391 SF |
| Property Type | Retail (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,076 SF |
| Year Built | 1990 |
| Lot Size | 0.12 AC |
1 Unit Available
Unit 2
| Unit Size | 5,076 SF | Sale Type | Investment |
| Price | $10,780,000 | Cap Rate | 6.00% |
| Price Per SF | $2,123.72 | NOI | $646,931 |
| Condo Use | Retail |
| Unit Size | 5,076 SF |
| Price | $10,780,000 |
| Price Per SF | $2,123.72 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $646,931 |
Description
This phenomenally positioned asset offers a long-term net lease vertically separated retail property at the base of a luxury residential building.
Sale Notes
Mid-America Real Estate Corporation has been retained on behalf of the owner to sell a retail property leased to Raising Cane’s located along Chicago’s iconic Michigan Avenue and directly across the street from Millennium Park.
Nearby Major Retailers
zoning
| Zoning Code | DX-16 (Downtown Mixed-Use District) |
| DX-16 (Downtown Mixed-Use District) |
Learn More About Investing in Retail Properties
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2-8 N Michigan Ave - 2 N Michigan Avenue - Raising Cane's
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