1316 Michigan AveChicago, IL 60605

This exceptional 10,800 square foot storefront at 1316 S. Michigan Ave. in Chicago's South Loop offers a compelling value-add investment opportunity. Currently housing a 2,000 square foot hospitality facility (Hotel BnB) and paved parking on a 0.25-acre lot, the property presents significant redevelopment potential. The single-story building, built in 1963, sits on a site zoned DX-7, minimizing demolition costs for future vertical construction. The 100% occupied property boasts a strong asking price of $4,800,000, translating to $444.44 per square foot. Located in the heart of Downtown Chicago, this property benefits from high foot traffic and proximity to major attractions, ensuring strong rental potential and a robust return on investment. The thriving South Loop neighborhood, with its diverse commercial and residential landscape, offers a dynamic market for growth and development. This is a rare chance to acquire a prime retail property in one of Chicago's most desirable locations. The Cook County property (APN: 17-22-104-019-0000) presents a unique blend of immediate income and long-term upside, making it an ideal asset for discerning investors seeking significant returns in a rapidly evolving market.