$ 3,250,000
2215 S Michigan AVE Chicago, IL 60616
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$ 3,250,000
Est. payment /mo
Price Dropped by $200K
2215 S Michigan AVE Chicago, IL 60616
32,000 SqFt
UPDATED:
10/17/2024 05:07 AM
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 32,000 sqft
Price per Sqft $101
MLS Listing ID 12145666
Year Built 1915
Annual Tax Amount $148,178
Tax Year 2023
Lot Dimensions .19 ACRES
Property Description
Located in the Historic Motor Row District of Chicago, this property blends historic charm with modern convenience. Known for its stunning early 20th-century architecture and restored buildings, Motor Row offers a vibrant atmosphere in the South Loop sub-market. The area features landmark showrooms with ornate facades and is minutes from downtown attractions like 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 CTA Cermak Green and Red Line stations, making it ideal for both commercial and residential use. Zoning Potential: Within a TIF district and the Motor Row Historic District, the property is primed for development with potential rezoning to DX or DR for mixed-use projects. Note that historic district use restrictions apply; contact us for the full list.
Location
State IL
County Cook
Area Chi - Near South Side
Zoning OTHER
Interior
Cooling None
Fireplace N
Building
Dwelling Type Retail/Stores
Level or Stories 4
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Tuyen Nguyen • Chicago Real Estate Resources