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1620 S Michigan Ave
Chicago, IL 60616
Retail Property For Sale
Investment Highlights
- Approximately 9,152 SF retail condominium within a 12-story mixed-use building.
- Floor-to-ceiling windows provide excellent visibility and natural light.
- Excellent connectivity to public transit, Lake Shore Drive, and major expressways.
- Located in the South Loop, a high-density residential and commercial district.
- Building amenities include 24-hour access, controlled entry, and elevator service.
Executive Summary
This retail condominium opportunity is located within a 12-story mixed-use building in Chicago’s dynamic South Loop neighborhood. The property offers approximately 9,152 square feet of ground-floor retail space, ideal for owner-users or investors seeking a high-visibility location in a thriving urban corridor. The building, constructed in 2006, features modern design and amenities, including 24-hour access, controlled entry, and elevator service. The retail unit benefits from floor-to-ceiling windows, providing abundant natural light and strong street presence along Michigan Avenue. The site is positioned in a dense residential and commercial area, ensuring consistent foot traffic and exposure to a diverse customer base. Zoned PD 1000, the property supports a variety of retail and service uses, making it suitable for restaurants, boutique shops, fitness studios, or professional services. Its proximity to public transportation, major expressways, and cultural attractions such as Grant Park and Soldier Field enhances accessibility and appeal. This offering represents a rare chance to secure a retail asset in one of Chicago’s most vibrant neighborhoods, with long-term growth potential and strong demographic fundamentals.
Property Facts
| Total Building Size | 354,605 SF | Typical Floor Size | 23,819 SF |
| Property Type | Multifamily (Condo) | Year Built | 2006 |
| Property Subtype | Apartment | Lot Size | 1.17 AC |
| Building Class | B | Parking Ratio | 0.14/1,000 SF |
| Floors | 12 | ||
| Zoning | PD 1000 | ||
| Total Building Size | 354,605 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 12 |
| Typical Floor Size | 23,819 SF |
| Year Built | 2006 |
| Lot Size | 1.17 AC |
| Parking Ratio | 0.14/1,000 SF |
| Zoning | PD 1000 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Wheelchair Accessible (Rooms)
- Floor to Ceiling Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Cabana
- On-Site Retail
- Elevator
- Public Transportation
1 Unit Available
Unit ALL
| Unit Size | 9,152 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail |
| Unit Size | 9,152 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 249 | - | - |
