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2419 S Michigan Ave 10,774 SF Industrial Building Chicago, IL 60616 $2,392,425 CAD ($222.06 CAD/SF)
Investment Highlights
- Rare stand-alone building with off-street parking.
- Immediate access to multiple expressways and major transportation corridors.
- Across the street from the largest convention center in North America, McCormick Place.
- Within walking distance to variety of public transit options: CTA train, CTA bus, Metra train, & bike stations.
- Frontage on I-55 (Stevenson) Expressway with visibility from 103,700 vehicles per day.
- Potential Incentives: Qualified Opportunity Zone, Class L Property Tax Incentive, Landmark District permit fee waiver program, & 24th/Michigan TIF.
Executive Summary
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: $2,100,000
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.
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: $2,100,000
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.
Property Facts
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $486,772 CAD | |
| Land Assessment | $210,088 CAD | Total Assessment | $696,860 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$210,088 CAD
Improvements Assessment
$486,772 CAD
Total Assessment
$696,860 CAD
Contacts
-
Stevan Arandjelovic -
Simon Porras -
Frank Melchert -
Cawley Commercial Real Estate
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2419 S Michigan Ave
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