2416 S Michigan Ave | Chicago, IL 60616
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- LoopNet Team
2416 S Michigan Ave
Chicago, IL 60616
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The average household income within a 5 mile radius is $114,290.
- The vibrant neighborhood is known for its access to the lakefront, shops, restaurants, parks, Museum Campus, and The Loop.
- Underwent a complete renovation in 2003.
- The South Loop’s housing boom has brought with it an influx of retailers along with eateries and nightlife on South Michigan Avenue.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,300 SF
Building Class
B
Year Built/Renovated
1915/2003
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.60
Lot Size
0.22 AC
Zoning
DS-5 - Downtown Service District
Parking
4 Spaces (0.26 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 17-27-116-022-0000 | Improvements Assessment | $100,806 |
| Land Assessment | $44,194 | Total Assessment | $145,000 |
PROPERTY TAXES
Parcel Number
17-27-116-022-0000
Land Assessment
$44,194
Improvements Assessment
$100,806
Total Assessment
$145,000
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