1620 S Michigan Ave - Apartments CONDO FOR SALE


Chicago, IL 60616- South Loop
$4,050,000 USD
312-376-2020
1620 S Michigan Ave, Chicago, IL for Sale
$4,050,000 USD
Apartments CONDO - FOR SALE
1/5
null | Request Cap Rate

1620 S Michigan Ave
Chicago, IL 60616
South Loop


HIGHLIGHTS

  • Approximately 9,152 SF retail condominium within a 12-story mixed-use building.
  • Located in the South Loop, a high-density residential and commercial district.
  • Floor-to-ceiling windows provide excellent visibility and natural light.
  • Building amenities include 24-hour access, controlled entry, and elevator service.
  • Excellent connectivity to public transit, Lake Shore Drive, and major expressways.

OVERVIEW

This retail condominium opportunity is located within a 12-story mixed-use building in Chicago’s dynamic South Loop neighborhood. The property offers approximately 9,152 square feet of ground-floor retail space, ideal for owner-users or investors seeking a high-visibility location in a thriving urban corridor. The building, constructed in 2006, features modern design and amenities, including 24-hour access, controlled entry, and elevator service. The retail unit benefits from floor-to-ceiling windows, providing abundant natural light and strong street presence along Michigan Avenue. The site is positioned in a dense residential and commercial area, ensuring consistent foot traffic and exposure to a diverse customer base. Zoned PD 1000, the property supports a variety of retail and service uses, making it suitable for restaurants, boutique shops, fitness studios, or professional services. Its proximity to public transportation, major expressways, and cultural attractions such as Grant Park and Soldier Field enhances accessibility and appeal. This offering represents a rare chance to secure a retail asset in one of Chicago’s most vibrant neighborhoods, with long-term growth potential and strong demographic fundamentals.

FOR SALE DETAILS

PRICE

$4,050,000 USD

PRICE/SF

$443 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

354,605 SF

STORIES

12

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

51,058 SF

ZONING

PD 1000

APN/PARCEL ID

17-22-301-065-1004,17-22-301-065-1006,17-22-301-065-1019,17-22-301-065-1032,17-22-301-065-1035,17-22-301-065-1044,17-22-301-065-1055,17-22-301-065-1058,17-22-301-065-1068,17-22-301-065-1072,17-22-301-065-1076,17-22-301-065-1079,17-22-301-065-1082,17-22-301-065-1087,17-22-301-065-1090,17-22-301-065-1097,17-22-301-065-1103,17-22-301-065-1123,17-22-301-065-1124,17-22-301-065-1134,17-22-301-065-1146,17-22-301-065-1156,17-22-301-065-1163,17-22-301-065-1174,17-22-301-065-1176,17-22-301-065-1191,17-22-301-065-1194,17-22-301-065-1207,17-22-301-065-1214,17-22-301-065-1221,17-22-301-065-1224,17-22-301-065-1231,17-22-301-065-1232,17-22-301-065-1244,17-22-301-065-1248,17-22-301-065-1257,17-22-301-065-1262,17-22-301-065-1268,17-22-301-065-1271,17-22-301-065-1273,17-22-301-065-1290,17-22-301-065-1293,17-22-301-065-1305,17-22-301-065-1313,17-22-301-065-1314,17-22-301-065-1326,17-22-301-065-1328,17-22-301-065-1335,17-22-301-065-1346,17-22-301-065-1354,17-22-301-065-1356,17-22-301-065-1369,17-22-301-065-1387,17-22-301-065-1402,17-22-301-065-1406,17-22-301-065-1408,17-22-301-065-1410,17-22-301-065-1418,17-22-301-065-1425,17-22-301-065-1432,17-22-301-065-1435,17-22-301-065-1445,17-22-301-065-1457

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Scott HoskinsCmk RealtyMore Info
312-376-2020

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Scott HoskinsCmk RealtyMore Info
312-376-2020

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