11139-41 S Michigan AVE Chicago, IL 60628

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 8,800 sqft

Price per Sqft $17

MLS Listing ID 12417994

Year Built 1948

Annual Tax Amount $35,123

Tax Year 2023

Lot Dimensions 80X106

Property Sub-Type Retail/Stores

Property Description

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. Located in the heart of Chicago's Far South Side, Roseland is a historic neighborhood with strong community ties and redevelopment potential. Michigan Avenue is a key arterial street with heavy foot and vehicle traffic. The recent lease of the former Walgreens space to Dollar General signals ongoing demand and opportunity for repositioning.

Location

State IL

County Cook

Area Chi - Roseland

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Level or Stories 2

Listed by Susan Silver • Millennium Properties RE, Inc.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106