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2420-2422 S Michigan Ave 17,800 SF Office Building Chicago, IL 60616 $925,000 ($51.97/SF)
INVESTMENT HIGHLIGHTS
- 20 minutes to Midway Airport , 35 minutes to O’Hare International Airport.
- Rear dock with 8 ft door and convenience rear 2 car outdoor parking.
- Close to nearby public transportation.
EXECUTIVE SUMMARY
PRICE REDUCTION!
A 2 story, double lot, CORNER building zoned DS-5 can support retail, residential. commercial, industrial, office and public venues. Build up to 5 stories. DS-5 (downtown mixed use district). 2420-22 S Michigan is a historically important Landmarked building in Chicago, IL. It is in Motor Row, a designated historical area by the City of Chicago and it is federally listed in the National Register of Historical Places. This masonry building was originally a Pearce Arrow Car Showroom built around in 1915. This building is easily viewed from the Stevenson Expressway (I55) and Michigan Avenue. McCormick Place Convention Center is 1 block away. There is great transportation by CTA, the red line and green lines, Metra trains, and is close to downtown Chicago, The Central Business District, The Theatre District, The Loop, restaurants, hotels, Grant park, Millennium Park, 35th Street Beach, The Art Institute, and Museum Campus.
Selling as is by owner. Owner occupies the 1st floor and the 2nd floor is vacant. Some repairs needed, contact owner for additional details.
A 2 story, double lot, CORNER building zoned DS-5 can support retail, residential. commercial, industrial, office and public venues. Build up to 5 stories. DS-5 (downtown mixed use district). 2420-22 S Michigan is a historically important Landmarked building in Chicago, IL. It is in Motor Row, a designated historical area by the City of Chicago and it is federally listed in the National Register of Historical Places. This masonry building was originally a Pearce Arrow Car Showroom built around in 1915. This building is easily viewed from the Stevenson Expressway (I55) and Michigan Avenue. McCormick Place Convention Center is 1 block away. There is great transportation by CTA, the red line and green lines, Metra trains, and is close to downtown Chicago, The Central Business District, The Theatre District, The Loop, restaurants, hotels, Grant park, Millennium Park, 35th Street Beach, The Art Institute, and Museum Campus.
Selling as is by owner. Owner occupies the 1st floor and the 2nd floor is vacant. Some repairs needed, contact owner for additional details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
17,800 SF
Building Class
C
Year Built
1909
Price
$925,000
Price Per SF
$51.97
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,900 SF
Slab To Slab
10’
Building FAR
1.97
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
DS-5 - Downtown mixed use district
Parking
2 Spaces (0.11 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (86)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 17-27-116-023-0000 | Improvements Assessment | $124,500 |
| Land Assessment | $66,750 | Total Assessment | $191,250 |
PROPERTY TAXES
Parcel Number
17-27-116-023-0000
Land Assessment
$66,750
Improvements Assessment
$124,500
Total Assessment
$191,250
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Presented by
Merilyn Rutzky
2420-2422 S Michigan Ave
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