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2325 S Michigan Ave 18,285 SF Retail Building Chicago, IL 60616 For Sale
INVESTMENT HIGHLIGHTS
- Located in an Opportunity Zone in Chicago's Motor Row Historic District on Michigan Avenue
- Newly Renovated 1st and 2nd Floors
- 100% Leased
- Located Near McCormick Place Convention Center, Which Attracts Nearly 3 Million Visitors Annually
EXECUTIVE SUMMARY
2325 South Michigan is a beautiful, decorative building that lends itself to many different users. Zoning can accommodate public, institutional, retail and residential uses. The building features solid construction and a newer façade features floor to ceiling windows. It also has updated HVAC, electrical and plumbing. The building is near McCormick Place, Millenium Park, CTA Red and Green Lines, I-55 Expressway, and Downtown Chicago.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
18,285 SF
Building Class
B
Year Built/Renovated
1925/2024
Tenancy
Multiple
Building Height
3 Stories
Loading Docks
1 Exterior
Building FAR
2.33
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
DX-5 - Downtown Mixed-Use District
Frontage
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (80)
Bike Score®
Very Bikeable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-27-110-032-0000 | Total Assessment | $402,993 (2024) |
| Land Assessment | $48,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $354,993 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
17-27-110-032-0000
Land Assessment
$48,000 (2024)
Improvements Assessment
$354,993 (2024)
Total Assessment
$402,993 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2325 S Michigan Ave
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