$799,000 $4,289 est/mo Sourced by Back At You

1450 S Michigan Avenue,Chicago, IL 60605

Chicago IL, 60605

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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 ( Harold's 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 AT&T which has a cell phone antenna in rear of building and they pay 1/3 of the current property taxes. This is an income producing property with seller having minimal expense.

Details

MLS#11899106
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusPending
Year1989
Days On Site234
Listing Provided ByCentury 21 Circle | Giovanni Arenella

Features

Story(s)2
Units2
ZoningCOMMR

Market Activity 60605

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Listings Checked: 11 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60605
AreaCHI Near South Side
Listing VS Median (in 60605)
Price:
$799,000
low | high
Med:
$389,500
100% of Average
On Site:
234
low | high
Med:
66.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 9:24:41 PM PDT