11218 S Michigan Avenue
Chicago, IL 60628

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Description

Located in an Opportunity Zone at the corner of 112th Place and Michigan Avenue, this 36,000-square-foot, four-story retail building with a full basement and freight elevator is now available for sale. The street-level storefront is currently leased to a furniture store, generating approximately $48,000 in annual rent. The fireproof structure with sprinklers throughout offers excellent redevelopment potential-ideal for conversion to self-storage or other commercial uses-while providing steady income from the existing tenant.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60628
• Year Built: 1950
• Sq.Ft.: 36,000 sq ft
• Stories: 4
• # Of Drive In Doors: 1
• # Of Tenants: 1
• Additional Parcels: Yes
• Building Area Total: 36000
• Cooling: Central Air
• Directions: Northwest corner of Michigan Ave and 112th Place
• Electric: Service - 201 to 600 Amps
• Fire Protection: Sprinklers
• Heat/Ventilation: Forced Air
• Lot Size Square Feet: 9292
• Main Type: Commercial Sale
• Property Offered: For Sale Only
• Property Sub Type: Retail
• Tax Annual Amount: 13950.38
• Tax Year: 2023