2037 S Indiana Avenue
Chicago, IL 60616

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Description

Rarely available, street-level commercial condominium in the heart of Chicago's vibrant South Loop! Just minutes from McCormick Place, major residential towers, and exciting new developments, this versatile space offers outstanding visibility and limitless potential for a wide range of businesses. Currently built out as a professional Title Company/Attorney real estate office, the space features private offices, conference rooms, a kitchenette and two bathrooms. Recent updates include new lighting, hardwood flooring, fresh paint, and HVAC (2025). Previously utilized as a spa, the property's flexible zoning allows for nearly all business types-making it ideal for a coffee shop, restaurant, retail storefront, professional office, or service business. Income-Producing Investment Opportunity: Strong lease in place at $5,100/month through June 2026, Immediate cash flow with future owner-user potential, Prime location with steady pedestrian and vehicle traffic. With its unbeatable location, modern build-out, and solid lease income, this South Loop commercial condo offers both immediate returns and long-term flexibility-a smart move for investors or entrepreneurs looking to establish a presence in one of Chicago's most dynamic neighborhoods.

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60616
• Year Built: 2007
• Sq.Ft.: 130,000 sq ft
• Stories: 5
• Units: 3 units
• Zoning: RTAIL
• Additional Parcels: Yes
• Building Area Total: 130000
• Construction Materials: Brick, Concrete, Block
• Cooling: Central Air
• Directions: INDIANA AVENUE SOUTH TO PROPERTY
• Electric: Circuit Breakers, Service - 0 to 100 Amps
• Estimated Tax/Sf: 5.52
• Fire Protection: Fire Extinguisher/s, Smoke or Fire Protectors, Stand Pipe
• Flooring: Wood
• Foundation Details: Concrete Perimeter
• Gross Income: 61200
• Gross Scheduled Income: 61200
• Heat/Ventilation: Gas
• Leasable Area: 1786
• Location: Central Business District
• Lot Size Square Feet: 21900
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1786
• Misc Inside: Elevator/s Passenger, Private Restroom/s
• Property Offered: For Sale Only
• Property Sub Type: Neighborhood Storefront
• Tax Annual Amount: 17982
• Tax Year: 2023
• Tenant Pays: Varies by Tenant
• Total Monthly Income: 5100
• Township: South Chicago
• Utilities: Electricity Available, Natural Gas Available, Sewer Connected
• Water Drainage: Storm Sewers
• Water Source: Municipal Water