Basic Information

  • MLS # 11899106
  • Type Retail
  • Status Pending
  • Subdivision/Complex CHI - Near South SideChicago
  • Year Built 1989
  • Total Sqft N/A
  • Date Listed 10/03/2023
  • Days on Market 227
Description

Excellent opportunity for a savvy investor to own this prime South Loop income producing property. The building is strategically located and positioned to achieve its true highest and best use, with high traffic from current existing restaurant Harolds Chicken 88 . There is also great potential for additional rental income from second floor unit which offers a large open space with two additional rooms which can be used as offices and also a water closet room. This unit is an ideal space for a Fitness Center, Office space, Entertainment Venue so bring your ideas. There is public street parking and just minutes to public transpiration. There is a long term agreement in place with ATT which has a cell phone antenna in rear of building and they pay 13 of the current property taxes. This is an income producing property with seller having minimal expense.

Exterior Features

  • Waterfront No
  • Pool No
  • Parking Spaces 0
  • Parking Description
  • Roof Description Membrane
  • Style Other

Interior Features

  • Adjusted Sqft N/A
  • Cooling Description Central Air
  • Sqft N/A

Property Features

  • Furnished Info No
  • Possession Closing,Tenants Rights
  • Roof Membrane
  • Short Sale Regular Sale
  • Subdivision Complex 1450 Michigan
  • Subdivision Info CHI - Near South SideChicago
  • Tax Amount $49,624
  • Tax Year 2022
  • Type of Property Retail Stores

1450 S Michigan Ave

Chicago, IL 60605

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