Highlights
• Fast-expanding neighborhood • Features tall ceilings and exposed brick interiors • Located within an Opportunity Zone • Close to the 10,000-seat Wintrust Arena, which hosts men's and women's basketball, concerts, family events, business conferences, and more
Description
Formerly a Buick showroom on historic Motor Row, 2245 S Michigan is a three-story walk-up featuring abundant natural light from three sides, along with high ceilings and exposed brick that highlight its vintage charm. The property includes access to a nearby parking lot, which can be included in the sale. Situated in the South Loop, it is conveniently close to McCormick Place, Wintrust Arena, and the Marriott Marquis Hotel, and only two blocks from the Cermak Green Line L station. The building is being sold together with the neighboring parking lot at 2241 S Michigan."
Listing Details
- Tenancy
Multi
- Space Type
office
- Sub Category
creative
- Sale Type
Investment Sale
- Date Listed
5/8/2025
- Net Operating Income
$380,775
- Parking Info
23 Spaces (1.15 Spaces per 1,000 SF Leased)
- Typical Floor Size
6,490 SF
- Ceiling Height / Slab to Slab
10 Ft
- Building FAR
1.24
Property Specifics
- Property Name
2241-2245 S Michigan Ave
- Property Class
B
- No of Buildings
1
- No of Stories
3
- Year Built
1917
- Building Size
20,000 SF
- Lot Size
0.37 AC
- APN
Multiple
- Zoning
DX-5 - Downtown Mixed-Use District
- Occupancy
100%