11218 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 36,000 sqft

Price per Sqft $11

MLS Listing ID 12470924

Year Built 1950

Annual Tax Amount $13,950

Tax Year 2023

Lot Dimensions 116x80

Property Sub-Type Retail/Stores

Property Description

Located in an Opportunity Zone at the corner of 112th Place and Michigan Avenue, this 36,000-square-foot, four-story retail building with a full basement and freight elevator is now available for sale. The street-level storefront is currently leased to a furniture store, generating approximately $48,000 in annual rent. The fireproof structure with sprinklers throughout offers excellent redevelopment potential-ideal for conversion to self-storage or other commercial uses-while providing steady income from the existing tenant.

Location

State IL

County Cook

Area Chi - Roseland

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Listed by Larisa Salma Zahdan of My Realty Chicago Inc

Nearby School & Business

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106