Listed by CRE Advising
$22/SF/YR
1507-09 South Michigan Ave
Building Details
Property Type Retail, Office
Sub Type Executive Office, Commercial
Tenancy Multiple
Lease Type Modified Gross
Total Building SqFt 25,000
Min Divisible SqFt 4,500
Max Contiguous SqFt 4,500
Vacant SqFt 9,000
Spaces
Retail | 2 spaces available | 4,500 SqFt
Building description
25,000 SF mixed-use building along with a 4,347 SF adjacent parking lot. Two currently occupied ground-floor commercial units and four expansive loft-style units above, also for lease. Ideal for residential or commercial use. Zoned DX-7.
Building highlights
- Don’t miss this rare opportunity to acquire a 25,000 SF mixed-use building along with a 4,347 SF adjacent parking lot in the heart of Chicago’s vibrant South Loop neighborhood
- Currently improved six total units - two occupied ground-floor commercial units and four expansive loftstyle units above, ideal for residential or commercial use
- One second floor and one third floor office/retail space also available for lease
- Elevator building with natural lighting
- The property is zoned DX-7, offering significant redevelopment potential or value-add investment upside
- Whether you're looking to expand your portfolio or reposition in one of Chicago’s fastest-growing areas, this offering is well-positioned for long-term growth- ideal for investors, developers, or owner-users
- Chicago's South Loop, a colorful 74-square-block neighborhood that is home to iconic Chicago museums, lakefront parks and popular event venues, including gourmet restaurants and luxury hotels
- Within close proximity to downtown Chicago, Soldiers Field, WinTrust Arena, and Museum Campus plus fantastic public transportation options, including access to all four Chicago Transit Authority (CTA) rail lines
- The neighborhood is located only eight miles from Midway Airport and 20 miles from O'Hare Airport
Listing Contacts
Listed by CRE Advising
Property History
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