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33624151
33624150

11139-41 S. Michigan Avenue, Chicago, IL 60628

SS
IL 475136992
Millennium Properties R/E
Listed by Millennium Properties R/E
Unpriced
2 days on market
Updated 2 days ago
Opportunity zone

11139-41 S. Michigan Avenue

Details
Property Type Retail
Sub Type Storefront
Square Footage 8,800
Stories 2
Zoning B1-3
Ground Lease Yes

Retail | 8,800 SqFt

Marketing description

11139-41 S. Michigan Avenue is a two-story retail building in the Roseland neighborhood of Chicago, Illinois. Originally built for the iconic F.W. Woolworth Co., this property was converted into a Foot Locker and most recently was occupied by DTLR, a national streetwear retailer. The retailer is no longer operating, although a lease is still in place. With over 8,800 square feet of space spread across two floors plus a full basement and situated on a 6,382 square foot lot, the building offers high visibility and long-standing history within Chicago's South Side retail corridor. The property is held under a 99-year land lease, and set to expire in October 2027, making it an ideal short- or mid-term play with redevelopment potential post-lease expiration. This is a rarely available opportunity for a tenant to secure space on one of the area's busiest thoroughfares, with flexible space suitable for retail, office, community services, or mixed use.

Located in the heart of Chicago's Far South Side, Roseland is a historic neighborhood with strong community ties and redevelopment potential. Michigan Avenue is a key arterial street with heavy foot and vehicle traffic. The recent lease of the former Walgreens space to Dollar General signals ongoing demand and opportunity for repositioning.

Investment highlights

  • Two-story of retail building - 6,382 SF first floor retail, with partial second floor - Full basement for storage
  • First floor is completely rehabbed
  • Annual rent: $13,500
  • Tenant is responsible for utilities, maintenance and taxes
  • Opportunity for an owner-user  or investor
  • Excellent frontage on Michigan Avenue
  • Easy access to I-57, I-94 and public transportation
  • Attractions in the area include: Subway O’Reilly Auto Parts, McDonald’s, Family Dollar, Old Fashioned Doughnut Shop and more
  • Zoning: B1-3
  • Traffic count: 9,638 vehicles daily
  • Taxes (2023):$35,123.88

Listing Contacts

SS
IL 475136992
Millennium Properties R/E
Listed by Millennium Properties R/E

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Zoning

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B1-3 CommercialNeighborhood CommercialNeighborhood Shopping District
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View all 134 uses
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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