Auction - 2/11: Value-Add Retail Property with Potential as Self Storage
Sold
11218 S. Michigan Ave.
Chicago, IL 60628
36,000 SF
Retail
The Details
- 36,000 SF retail building
- Four stories plus full basement
- Includes freight elevator
- Fire-proof concrete building
- Fully sprinklered building
- At corner of Michigan & 112th Pl
- Storefront leased to furniture store
- Potential to rehab as self storage
- Family Dollar, Rainbow, O’Reilly Auto Parts & local retailers nearby
- Ample frontage for sigange
- Land Area: 9,292 SF
- Part of Roseland/Michigan TIF
- Zoning: B1-3
Absolute Auction - February 11, 2021
At the corner of 112th Pl. and Michigan, a 36,000 square foot, multi-story retail building is available for sale. The building has four stories with a freight elevator plus a full basement. The storefront space is currently leased to a furniture store, generating more than $21,000 of net income. Fireproof with sprinklers throughout, the property can potentially be rehabbed as a self storage facility.
South Michigan Ave. is a major commercial street for many neighborhoods on Chicago’s south side. Nearby businesses include Family Dollar, Rainbow, O’Reilly Auto Parts as well as a variety of local retailers.