Deal terms are not currently defined. Request your own specific terms when submitting a non-binding offer.
CBRE, as an exclusive agent, is pleased to present the opportunity to acquire a 22,592 SF ground floor and below grade retail condo at 310 South Michigan Avenue (“the Property”), a mixed-use residential retail building in the East Loop. Converted into multi-family condos in 2009, all retail is limited to the lower level and first floor, while the upper floors hold 234 condo units.
The Property includes two street level spaces facing Jackson Boulevard and Michigan Avenue, plus 18,239 SF of move-in ready fitness space on the lower level with approximately $3,500,000 of construction recently completed.
Rare Chance to Own Prime Frontage Along Michigan Avenue
Wonderful Value Add Opportunity for Investor or Ideal for Owner/User with Move In Ready Space
Several 4-5 Star Hotels Surrounding the Property, Increasing Foot Traffic
Generous C2-3 Zoning, Allowing for More Business Types Than B1 Districts, Plus Existing 234 Residential Condos Above Ground Floor
Located Blocks from CTA Train Stations for All Lines & One Block from the Van Buren Metra Station
Michigan Avenue Address at the Intersection of East Jackson Boulevard & South Michigan Avenue, Facing Grant Park & Sitting Blocks from Millennium Park, Two Major Destinations for Tourists & Residents
Benefits from the Art Institute Attracting 1.5 M Visitors Annually & Local Schools & Universities Serving 50,000+ Students Daily