Active @properties exclusive

2240 S Michigan Avenue

Chicago, Illinois 60616


JC Griffin
773.772.0200

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$1,375,000


Square Footage
8,000


Property Type
Retail Store
Community Area
Near South Side


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.



Full Features
Built: 1889
Cooling System: Central Air
Stories: 2
# of Drive-In Doors: 1
Building Square Feet: 8,000
School District(s): City Of Chicago SD 299


Taxes & Assessments
Taxes: $44,608

Listing information updated today (5/31/2020)


Near South Side photo


Near South Side

Neighborhoods: Dearborn Park, Printer's Row, South Loop, Prairie District

South Loop: Recently dubbed the fastest growing neighborhood in America by Chicago magazine, the South Loop is a boom town with a storied past and an incredibly bright future. Chicago's original Gold Coast in the late 19th century, the South Loop was…

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Nearby Public Transportation

CTA Rail

at Cermak/Chinatown (0.32 miles away)

Metra
Metra Electric Main Branch, South Shore, Rock Island District, BNSF Railway, Milwaukee District North, North Central Service, Milwaukee District West, Heritage Corridor, Southwest Service, Union Pacific West, Union Pacific North, Union Pacific Northwest

at McCormick Place Metra (0.41 miles away), McCormick Place, Chicago LaSalle St Metra, Halsted St Metra and others







2240 S Michigan Avenue Chicago, Illinois 60616 is a retail store currently listed at $1,375,000. This retail store has been listed on @properties since May 7th, 2020 and was built in 1889. Nearby schools include National Teachers Elem Academy, Phillips Academy High School. The nearest transit stops include Cermak/Chinatown CTA Red line, Metra Electric Main Branch McCormick Place Metra. Want to learn more about 2240 S Michigan Avenue Chicago, Illinois 60616? Contact an @properties agent to request more info.