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EXECUTIVE SUMMARY
Subject property is a two-story retail building in the 11139-41 S. Michigan Avenue 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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,843 SF
Building Class
C
Year Built
1903
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.39
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
B1-3 - Neighborhood Shopping District
Frontage
56’ on Michigan Ave
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 25-22-102-015-0000 | Improvements Assessment | $221,005 CAD |
| Land Assessment | $21,943 CAD | Total Assessment | $242,947 CAD |
PROPERTY TAXES
Parcel Number
25-22-102-015-0000
Land Assessment
$21,943 CAD
Improvements Assessment
$221,005 CAD
Total Assessment
$242,947 CAD
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11139 S Michigan Ave
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