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2235 S Michigan Avenue

Chicago, IL 60616
  • $975,000
  • STATUS: Active
  • ON SITE: 236 Days
  • MLS #: 11231742
UPDATED: 57 min ago
$975,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

School District:
299

Description

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!

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2022-05-23T19:00:19.6 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2235 S Michigan Avenue Chicago, IL 60616

  • Price: $975,000
  • Status: Active
  • On Site: 236 Days
  • Updated: 57 min ago
  • MLS #: 11231742
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Chi - Near South Side
County:
Cook
Area:
Chi - Near South Side
School District:
299
Property Description
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!
Exterior Features

Frontage Type City Street Land Cleared Lot Size Less Than .25 Acre Road Surface Type Concrete Waterfront YN No

Interior Features

Basement Bathrooms YN No

Property Features

Additional Parcels YN Yes Building On Land No Corporate Limits Chicago Farm No General Information None Location Mixed Use Area Mls Actual Status Active Ownership Fee Simple Possible Use Commercial Special Listing Conditions None Tax Annual Amount 23043 Tax Year 2020 Township South Chicago Type Land Utilities Electric To SiteGas To SiteSanitary SewerWater To Site Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Gold Coast Realty Chicago.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or eXp Realty. Based on information submitted to the MRED as of 2022-05-23T19:00:19.6 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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