11218 South Michigan Avenue, Chicago, IL

$399,000

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About 11218 South Michigan Avenue

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.

Features of 11218 South Michigan Avenue

MLS® # 12470924
Price $399,000
Bathrooms 0.00
Acres 0.00
Year Built 1950
Type Commercial Sale
Sub-Type Retail/Stores
Status New

Community Information

Address 11218 South Michigan Avenue
Area CHI - Roseland
City Chicago
County Cook
State IL
Zip Code 60628

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Additional Information

Days on Market 4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMy Realty Chicago Inc
Contact Info773-463-0000

Listing Map

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