Log In/Sign Up
Your email has been sent.
2419 S Michigan Ave 10,774 SF Industrial Building Chicago, IL 60616 $2,100,000 ($194.91/SF)
Investment Highlights
- Rare stand-alone building with off-street parking.
- Immediate access to multiple expressways and major transportation corridors.
- Across the street from the largest convention center in North America, McCormick Place.
- Within walking distance to variety of public transit options: CTA train, CTA bus, Metra train, & bike stations.
- Frontage on I-55 (Stevenson) Expressway with visibility from 103,700 vehicles per day.
- Potential Incentives: Qualified Opportunity Zone, Class L Property Tax Incentive, Landmark District permit fee waiver program, & 24th/Michigan TIF.
Executive Summary
2419 S. Michigan Avenue in Motor Row offers a 10,744 Sq. Ft. Industrial Warehouse available for sale.
Total Building Size: ± 10,774 Sq. Ft.
Total Land Size: ± 20,294 Sq. Ft.
Off-Street Parking: 25 Spaces
Loading: 1 Drive-In Door
Ceiling Height: 18’ Clear
Column Spacing: Clear Span; No Columns
Frontage: 64’ on Michigan Avenue
Zoning: DS (Downtown Service)
Alderman: Pat Dowell | 3rd Ward
Parcels: 17-27-117-004-0000; 17-27-117-005-0000;
17-27-117-031-0000; 17-27-117-035-0000
RE Taxes: $96,668 ($8.97 per Sq. Ft.)
Sale Price: $2,100,000
Rare stand-alone building with off-street parking.
Within walking distance to variety of public transit options: CTA train, CTA bus, Metra train, & bike stations.
Immediate access to multiple expressways and major transportation corridors.
Frontage on I-55 (Stevenson) Expressway with visibility from 103,700 vehicles per day.
Across the street from the largest convention center in North America, McCormick Place.
Potential Incentives: Qualified Opportunity Zone, Class L Property Tax Incentive, Landmark District permit fee waiver program, & 24th/Michigan TIF.
Total Building Size: ± 10,774 Sq. Ft.
Total Land Size: ± 20,294 Sq. Ft.
Off-Street Parking: 25 Spaces
Loading: 1 Drive-In Door
Ceiling Height: 18’ Clear
Column Spacing: Clear Span; No Columns
Frontage: 64’ on Michigan Avenue
Zoning: DS (Downtown Service)
Alderman: Pat Dowell | 3rd Ward
Parcels: 17-27-117-004-0000; 17-27-117-005-0000;
17-27-117-031-0000; 17-27-117-035-0000
RE Taxes: $96,668 ($8.97 per Sq. Ft.)
Sale Price: $2,100,000
Rare stand-alone building with off-street parking.
Within walking distance to variety of public transit options: CTA train, CTA bus, Metra train, & bike stations.
Immediate access to multiple expressways and major transportation corridors.
Frontage on I-55 (Stevenson) Expressway with visibility from 103,700 vehicles per day.
Across the street from the largest convention center in North America, McCormick Place.
Potential Incentives: Qualified Opportunity Zone, Class L Property Tax Incentive, Landmark District permit fee waiver program, & 24th/Michigan TIF.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,100,000 | No. Stories | 1 |
| Price Per SF | $194.91 | Year Built | 1913 |
| Sale Type | Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.32/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’8” |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.47 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 10,774 SF | ||
| Zoning | DS-5 - Favorable in-place zoning | ||
| Price | $2,100,000 |
| Price Per SF | $194.91 |
| Sale Type | Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.47 AC |
| Rentable Building Area | 10,774 SF |
| No. Stories | 1 |
| Year Built | 1913 |
| Tenancy | Single |
| Parking Ratio | 2.32/1,000 SF |
| Clear Ceiling Height | 18’8” |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | DS-5 - Favorable in-place zoning |
Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (78)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Numbers | Improvements Assessment | $353,805 | |
| Land Assessment | $152,700 | Total Assessment | $506,505 |
Property Taxes
Parcel Numbers
Land Assessment
$152,700
Improvements Assessment
$353,805
Total Assessment
$506,505
Contacts
-
Stevan Arandjelovic -
Simon Porras -
Frank Melchert -
Cawley Commercial Real Estate
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2419 S Michigan Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.