Highlights
• Rapidly growing community • High ceilings and brick interior • Opportunity Zone • Near the 10,000-seat multipurpose Wintrust Arena. Uses range from women's and men's basketball games, concerts, family shows and business conventions to name a few.
Description
2245 S Michigan served as the former Buick Showroom on Motor Row. The three-story walk-up offers excellent natural light with exposures on three sides, while high ceilings and brick interiors define the buildings historic character. There is also parking available in the adjacent lot, which can be paired in the offering. Located in the South Loop, this building is a short distance from McCormick Place, Wintrust Arena, and Marriott Marquis Hotel. It is also just two blocks from the Cermak Green Line L Station. 2245 S Michigan is being offered with the adjacent 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%