2419 S Michigan Ave - Warehouse FOR SALE


Chicago, IL 60616
$2,693,500 USD
312-766-4291
2419 S Michigan Ave, Chicago, IL for Sale
$2,693,500 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

2419 S Michigan Ave
Chicago, IL 60616


HIGHLIGHTS

  • Rare stand-alone building with off-street parking.
  • Within walking distance to variety of public transit options: CTA train, CTA bus, Metra train, & bike stations.
  • Immediate access to multiple expressways and major transportation corridors.
  • Frontage on I-55 (Stevenson) Expressway with visibility from 103,700 vehicles per day.
  • Across the street from the largest convention center in North America, McCormick Place.
  • Potential Incentives: Qualified Opportunity Zone, Class L Property Tax Incentive, Landmark District permit fee waiver program, & 24th/Michigan TIF.

OVERVIEW

2419 S. Michigan Avenue in Motor Row offers a 10,744 Sq. Ft. Industrial Warehouse available for sale. Total Building Size: ± 10,774 Sq. Ft. Total Land Size: ± 20,294 Sq. Ft. Off-Street Parking: 25 Spaces Loading: 1 Drive-In Door Ceiling Height: 18’ Clear Column Spacing: Clear Span; No Columns Frontage: 64’ on Michigan Avenue Zoning: DS (Downtown Service) Alderman: Pat Dowell | 3rd Ward Parcels: 17-27-117-004-0000; 17-27-117-005-0000; 17-27-117-031-0000; 17-27-117-035-0000 RE Taxes: $96,668 ($8.97 per Sq. Ft.) Sale Price: $2,693,500 Rare stand-alone building with off-street parking. Within walking distance to variety of public transit options: CTA train, CTA bus, Metra train, & bike stations. Immediate access to multiple expressways and major transportation corridors. Frontage on I-55 (Stevenson) Expressway with visibility from 103,700 vehicles per day. Across the street from the largest convention center in North America, McCormick Place. Potential Incentives: Qualified Opportunity Zone, Class L Property Tax Incentive, Landmark District permit fee waiver program, & 24th/Michigan TIF.

FOR SALE DETAILS

PRICE

$2,693,500 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1913

UTILITIES

-

CLEAR CEILING HT

18.666666666666668 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.47

LAND SF

20,294

ZONING

DS-5

APN/PARCEL ID

17-27-117-004-0000,17-27-117-005-0000,17-27-117-031-0000,17-27-117-035-0000

ASK ABOUT THIS PROPERTY

Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

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Zach PruittCawley Commercial Real EstateMore Info
312-766-4291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.