310 Michigan AveChicago, IL 60604

  • Commercial real estate
  • 0.84 AC

Property Details for 310 Michigan Ave

Year built
1922
Lot size
0.84 AC
Property type
Commercial real estate
APN
17-15-107-058
APU
1715107058

Description

This exceptional 2,177 square foot retail storefront is located at 310 South Michigan Avenue in Chicago's vibrant Loop neighborhood. Situated on the ground floor of a 30-story, 242-unit luxury condominium building, this property offers unparalleled visibility and foot traffic. The space is currently vacant and presents a unique opportunity for a variety of retail businesses. Its prime location directly across from Grant Park provides exceptional exposure to both residents and tourists. Within easy walking distance are iconic Chicago landmarks such as the Art Institute of Chicago, Millennium Park, and DePaul University's Loop campus. This ensures a constant flow of potential customers. The property benefits from co-tenancy with CVS Pharmacy, and is surrounded by a thriving retail environment including Starbucks, Corner Bakery Cafe, Potbelly Sandwich Shop, Huntington Bank, Bridgeport Coffee, and Barnes & Noble, among others. This established retail cluster creates a synergistic environment, attracting a diverse customer base. The property is located in Cook County, Illinois, and boasts a 60604 zip code. This is a rare opportunity to secure a high-profile retail space in one of Chicago's most desirable locations. The entire 2,177 square feet is available for lease. This property is classified as a multi-tenant retail storefront.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $13,456,938
    Hospitality
    $12,326,483
    Educational
    $10,255,489
    Medical
    $10,608,191
    Retail
    $15,952,983

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.878
Longitude
-87.6249
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$652
$219
$2,952
$3,171
-
$876
$11,808
$12,684

FAQs

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