2210-2216 S Michigan Ave 25,585 SF 60% Leased Retail Building Chicago, IL 60616 For Sale
EXECUTIVE SUMMARY
- Located in the South Chicago submarket, adjacent to the rapidly developing South Loop market.
- Located in an Opportunity Zone, a census tract designated by state and federal government targeted for economic development by allowing investors to defer federal taxes on recent capital gains.
- The building is located at the southwest corner of East Cermak Road and South Michigan Avenue with visibility and exposure to over 20,850 vehicles per day.
- Located near McCormick Place Convention Center, which attracts nearly 3 million visitors annually.
- Near the 10,000-seat multipurpose Wintrust Arena. Uses range from women's and men's basketball games, concerts, family shows and business conventions to name a few.
- The new 1,200-room Marriot hotel with 93,000 square feet of elegant event space, including two 25,000-square-foot ballrooms.
- Walking distance from CTA “L” station (Red, Orange and Green Lines).
- Proximity to the interstate system I-90/94, I-55 and Lake Shore Drive.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
- Restaurant
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
-
99,999 SF
- -
- -
- -
Acuet RCM is a newly formed medical revenue cycle management and consulting organization designed to help healthcare providers achieve the highest level of revenue outcomes through its strategic consulting services, dedicated to elevating the abilities of the internal team. Acuet is passionate about helping health providers and their teams thrive by arming them with industry leading processes, benchmarks, and automations. We become an accountable member of your business office – working alongside your team to efficiently and effectively outperform industry benchmarks.
- Eddr
- -
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
-
- Services
-
99,999 SF
- -
- -
- -
Their deep history of working with and for girls has informed their knowledge base and has guided their approach in the development of programs and experiences that change the trajectory of girls’ lives and prepare them for life-long success. Through the Girls Inc. Experience, their professionally trained staff and volunteers provide mentorship, safe spaces, and programming that address the unique challenges girls face and are proven to help girls succeed.
- Jerk Villa Bar & Grill
- -
-
99,999 SF
- -
- -
- -
-
- Retailer
-
99,999 SF
- -
- -
- -
- Williams Inn Pizzeria & Sports Bar
- -
-
99,999 SF
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 99,999 SF | - | - | - | |
| Eddr | - | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
|
|
Services | 99,999 SF | - | - | - | |
| Jerk Villa Bar & Grill | - | 99,999 SF | - | - | - | |
|
|
Retailer | 99,999 SF | - | - | - | |
| Williams Inn Pizzeria & Sports Bar | - | 99,999 SF | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Available with 30 days' notice. Can be combined with Suite 210 for 7,284 SF. 4 offices, 3 conference room, kitchen. Virtual tour: https://my.matterport.com/show/?m=rpGFkPMFEmw
2 offices, conference room, kitchen, storage, large open area. Virtual tour: https://my.matterport.com/show/?m=WU76zYhHRVq
| Space | Size | Space Use | Position | Available |
| 204 | 4,290 SF | Office | - | Now |
| 210 | 2,994 SF | Office | - | Now |
204
| Size |
| 4,290 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
210
| Size |
| 2,994 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-27-101-030-0000 | Total Assessment | $365,966 (2024) |
| Land Assessment | $36,750 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $329,216 (2024) | Tax Year | 2023 |
