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2241-2245 S Michigan Ave
Chicago, IL 60616

Price Upon Request

Loft Creative Space For Sale • 20,000 SF

Property Details

Property Type Loft Creative Space
Total Building Size 20,000 SF
Lot Size 0.37 AC
Building Class B
Year Built 1917
Tenancy Multiple
Zoning DX-5

80 Transit Score

94 Walk Score

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.

                
                    Highlights
                
                                Natural lighting
                            
                                High ceilings and brick interior
                            
                                Rapidly growing community

Property Flyers

2241-45 Michigan Ave OM

Financial Summary (Actual)

Net Operating Income: $380,775 USD (2023)

Total Expenses:

$212,208 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
BI Incorporated	6,390 SF	3/31/2025
Community Organizing and Family Issues	6,490 SF	8/31/2029
ISM Sound Consulting Corp	1,100 SF	12/31/2021
Young Center	4,481 SF	10/31/2024

Amenities

Property Manager on Site

Public Transportation

Commuter Rail	Drive	Walk	Distance
Halsted Station (Burlington Northern-Santa Fe Railway Line - Northeast Illinois Regional Commuter Railroad (Metra))	6 min	-	1.8 mi
Chicago LaSalle Station (Rock Island District Line - Northeast Illinois Regional Commuter Railroad (Metra))	7 min	-	2.2 mi
Transit/Subway	Drive	Walk	Distance
Cermak-Chinatown Station (Red Line - Chicago Transit Authority "L" Trains (The "L"))	2 min	9 min	0.5 mi
McCormick Place Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line))	7 min	10 min	0.6 mi
McCormick Place Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	7 min	10 min	0.6 mi
18th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	16 min	0.9 mi
27th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra))	4 min	18 min	0.9 mi
Airport	Drive	Walk	Distance
Chicago Midway International	17 min	-	9.9 mi
Chicago O'Hare International	28 min	-	21.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	23
Type:	Surface
Included in Rent:	Yes

Milan Rubenstein 818-445-3529 Windy City RE

2241-2245 S Michigan Ave Chicago, IL 60616