This Property is no longer advertised on Showcase.com.
Off Market
1/18

318-320 S Michigan Ave
Chicago, IL 60604


HIGHLIGHTS

  • Rare opportunity to acquire a storefront condo along Michigan Avenue in Downtown Chicago
  • Extremely well located near multiple public transportation options and within walking distance of numerous tourist attractions
  • Condominium features open shell layout, large windows providing excellent natural lighting, and can accommodate patio seating

OVERVIEW

Bankruptcy Sale featuring an 8,208 square foot storefront condominium along Michigan Avenue in Chicago’s Centra lBusiness District “CBD”. The 8,208 square foot condominium consist of 6,126 square feet of ground floor space, 2,082square feet of mezzanine space and an additional 2,145 square foot basement. The Property is zoned DX-16 and features an open shell layout, large windows providing excellent natural lighting, and can accommodate patio space. The storefront is extremely well located just steps from the Adams/Wabash and Jackson "L" Stations and is walking distance to numerous tourist attractions including The Art Institute of Chicago, The Bean, Millennium Park, Grant Park, Buckingham Fountain, and Maggie Daley Park, among others. There are numerous universities in the immediate area including DePaul University, Roosevelt University, Robert Morris University, John Marshall Law School, and National Louis University, among others. Neighboring retailers include Target, Walgreens, Nordstrom Rack, Macy’s, TJ Maxx, Burlington, Five Below, Potbelly, Chipotle, Kilwin's, Chick Fil-A, Pizano’s, Nando’s, McDonald’s, Starbucks, Revival Food Hall and Dunkin’ among many others.

FOR SALE DETAILS

PRICE

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# OF UNITS

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CAP RATE

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% LEASED

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BUILDING DETAILS

PROPERTY NAME

Richelieu Flats

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

73398

STORIES

7

YEAR BUILT

1885

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

17-15-107-053-0000