2240 South Michigan Avenue, Chicago

$1,375,000

0 Beds
0 Baths
0 Acres
0 Garages

GVG Real Estate Advisors of @properties Commercial is pleased to present an opportunity for you to own a piece of one of Chicago's most historic and sought after communities. Vicinal to the city's sprightly and developing McCormick Square, this approximately 8,000 SF building is positioned perfectly for ones investment portfolio as the Near Southside community continues to be a leading location for public and private placed investments for residential, retail, hospitality and entertainment development projects. Offering instant tax incentives, this property is nestled in the closest Opportunity Zone to downtown Chicago and located within walking distance from the highly publicized Southbridge mixed-use development project and a 1 mile distance from the Burnham Lakefront development site. Resting in the midst of the newly minted McCormick Square entertainment district, this property neighbors the Wintrust Arena, Marriott and Hilton Hotels new vibrant restaurants, convenient public transportation options the world renowned McCormick Convention Center. The property possesses excellent re-development potential (DS-5 zoning) and can be repurposed to accommodate mixed-use, hotel/hospitality, office, retail/restaurant or medical practice uses.

Essential Information
MLS® #10708452
Price$1,375,000
Acres0.00
Year Built1889
TypeCommercial Sale
Sub-TypeRetail/Stores
StatusActive
Community Information
Address2240 South Michigan Avenue
AreaCHI - Near South Side
CityChicago
CountyCook
StateIL
Zip Code60616
Additional Information
Days on Market101
Listing Details
Office@properties Commercial
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Listing information last updated on August 13th, 2020 at 12:16am CDT.