Courtesy of Gold Coast Realty Chicago

2235 S Michigan Avenue

Chicago, IL, 60616

$975,000

$975,000
Active
Active
 - For Sale
property_type
Land
Located between a theater and music event space, this 8500 sf leveled lot is in a valuable South Loop Opportunity Zone area. With investors pumping millions of dollars into this area because of a projected population explosion, this is slated to become the next "West Loop" here in the South Loop! 50 feet of frontage right on Michigan avenue with McCormick Place convention center at the rear. It was formerly a building that housed a dry cleaner and spa, which burned down in January 2020. Currently used as parking for the theater, but no lease in place. DS-5 zoning allows a variety of small businesses- both retail and service. Prime lot for a boutique AirBnb, small hotel, tavern, entertainment venue, day care, college, artist work space, car wash, retail store and much more!
MLS® ID:
11231742
Listed:
9/27/21
Updated:
8/13/22

School Information

High School
299
Elementary School
299

Other Property Details

Area Name
CHI - Near South Side
Taxes
$23043
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Utilities
Electric to Site, Gas to Site, Sanitary Sewer, Water to Site
Pool
No
Zoning
COMMR

 

Courtesy of Gold Coast Realty Chicago

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Data last updated 3:51 PM UTC, 8/13/22

 

 

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