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2325 S Michigan Ave

18,285 SF 13% Leased Retail Building Chicago, IL 60616 For Sale

Mixed Use Properties Illinois Chicago 2325 S Michigan Ave, Chicago, IL 60616

Investment Highlights

  • Located in an Opportunity Zone
  • Three floors with attached garage
  • The building is near McCormick Place, Millenium Park, CTA Red and Green Lines, I-55 Expressway, and Downtown Chicago
  • Updated HVAC, electrical and plumbing

Executive Summary

2325 South Michigan is a beautiful, decorative building that lends itself to many different users. Zoning can accommodate public, institutional, retail and residential uses. The building features solid construction and a newer façade features floor to ceiling windows. It also has updated HVAC, electrical and plumbing. The building is near McCormick Place, Millenium Park, CTA Red and Green Lines, I-55 Expressway, and Downtown Chicago.

Attachments

OM 2325 S Michigan, Chicago, IL

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,285 SF
Building Class
B
Year Built/Renovated
1925/2003
Percent Leased
13%
Tenancy
Multiple
Building Height
3 Stories
Loading Docks
1 Exterior
Building FAR
2.33
Lot Size
0.18 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
DX-5 - Downtown Mixed-Use District
Frontage
17 FT on S Michigan Ave

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 3rd Floor
  • 5,296 SF
  • Office
  • -
  • Now

10 offices

Space Size Space Use Position Available
3rd Floor 5,296 SF Office - Now

3rd Floor

Size
5,296 SF
Space Use
Office
Position
-
Available
Now

3rd Floor

Size 5,296 SF
Space Use Office
Position -
Available Now

10 offices

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2325 S Michigan Ave, Chicago, IL - aerial map view - Image1
2325 S Michigan Ave, Chicago, IL - aerial map view - Image2
2325 S Michigan Ave, Chicago, IL - aerial map view - Image3
Walk Score ®
Walker's Paradise (90)
Transit Score ®
Excellent Transit (79)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Jazzercise
Ahern Rentals
Starbucks
Orangetheory Fitness
Garrett Popcorn Shops
United Rentals
Anytime Fitness
Citi
Chase Bank
Equinox

PROPERTY TAXES

Parcel Number 17-27-110-032-0000 Improvements Assessment $667,250
Land Assessment $48,000 Total Assessment $715,250

PROPERTY TAXES

Parcel Number
17-27-110-032-0000
Land Assessment
$48,000
Improvements Assessment
$667,250
Total Assessment
$715,250
(818) 445-3529

Contacts

  • Listing ID: 32123245

  • Date on Market: 6/13/2024

  • Last Updated:

  • Address: 2325 S Michigan Ave, Chicago, IL 60616

More public record information on 2325 S Michigan Ave, Chicago, IL 60616

The Retail Property at 2325 S Michigan Ave, Chicago, IL 60616 is currently available for sale. Contact Windy City RE for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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2325 S Michigan Ave
(818) 445-3529 x

2325 S Michigan Ave

1/2

Milan Rubenstein

(818) 445-3529

(818) 445-3529

Jeremy Wallace

(815) 600-1588

x201

(815) 600-1588 x201

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