2215 S. Michigan Ave, Chicago, IL 60616

Located in the Historic Motor Row District of Chicago, this property offers a unique blend of historic charm and modern convenience. Once the heart of the automobile industry, Motor Row is known for its stunning early 20th-century architecture, including beautifully restored buildings that combine classic design with contemporary amenities. Situated in the vibrant South Loop sub-market, the area retains its historic allure with landmark showroom buildings showcasing intricate stonework and ornate facades.

Just minutes from downtown, Motor Row is ideally positioned near major attractions such as McCormick Place, the Museum Campus, Grant Park, Millennium Park, and Chinatown. The property benefits from excellent connectivity, with direct access to the I-55 Expressway, Lake Shore Drive, and the CTA Cermak Green and Red Line train stations, making it a prime location for both commercial and residential opportunities.

Zoning Potential: Within a TIF (Tax Increment Financing) district, this property offers a unique opportunity for future development. With the potential for rezoning to DX or DR, it can accommodate a variety of projects, including mixed-use developments.

The option to increase density by purchasing bonus FAR (Floor Area Ratio) further enhances its versatility. The property is also eligible for the Class L Property Tax Incentive, significantly reducing property taxes for qualifying redevelopment efforts. Additionally, being in a TIF district, the property can qualify for TIF and Streamlined TIF funds for development projects and infrastructure improvements. Please note that certain use restrictions apply due to its historic district status.