1250 Michigan AveChicago, IL 60605

Property Details for 1250 Michigan Ave

Year built

2003

Lot size

0.84 AC

Property type

Commercial real estate

APN

17-22-101-042

APU

1722101042

Description

This exceptional retail space, totaling 2,092 square feet, is situated on the ground floor of a luxury condominium building at 1250 S. Michigan Avenue in Chicago's vibrant South Loop submarket. The property boasts a highly desirable location, just steps from Roosevelt Road, benefiting from significant foot and car traffic. Surrounded by new high-rise residential developments, this space offers unparalleled exposure and accessibility. The unit is part of a larger building with a total of 29,718 square feet, and the minimum divisible space is 2,092 square feet, with a maximum contiguous space also at 2,092 square feet. Currently, 2,092 square feet is vacant and ready for immediate occupancy. The lot size encompasses 36,693 square feet. This versatile space is ideal for a variety of uses, including retail, medical, service-oriented businesses, or office space. The property is zoned DX-12 and located in Cook County, Illinois, zip code 60605. This presents a unique opportunity to establish a presence in a thriving, high-traffic area within a prestigious building. The space is perfect for businesses seeking high visibility and a strong customer base in a rapidly developing neighborhood.

• Alternative Use

  Use

  Valuation

  Residential

  $13,497,401

  Hospitality

  $12,363,547

  Educational

  $10,286,326

  Medical

  $10,640,089

  Retail

  $16,000,952

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8661

Longitude

-87.6246

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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