2229 Michigan AveChicago, IL 60616

For Sale
Call for price

Historic building, prime location, high ceilings.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 29,834 square foot mixed-use property at 2229 South Michigan Avenue in Chicago's vibrant South Loop offers a unique investment opportunity. Built in 1918 and renovated in 2018, this four-story, Class B building boasts a charming, historic façade and high ceilings, reflecting its former life as a Ford Motor Company showroom. The property's DS-5 zoning allows for diverse uses, including retail, office, and residential, making it ideal for owner-users seeking a stabilized investment. Its strategic location within Chicago's burgeoning Motor Row district, soon to be the Entertainment District, places it in close proximity to major attractions such as McCormick Place, Millennium Park, Wintrust Arena, and numerous hotels, including the Hyatt and Marriott Marquis. The property benefits from excellent public transportation access via the CTA Red, Green, and Orange Lines, and convenient access to I-55 and other major roadways. Furthermore, the ongoing $390 million McCormick Square expansion project promises to further enhance the area's appeal with new nightlife, hotels, and retail destinations. This property presents a rare chance to own a piece of Chicago's rich history while capitalizing on the area's dynamic growth and future potential. The building features solid construction and a multi-tenant occupancy.

Highlights

  • 29,834 SF mixed-use building at 2229 S Michigan Ave, Chicago's South Loop.
  • Excellent location near McCormick Place, attracting nearly 3 million visitors annually.
  • Situated in the Motor Row District and near the Prairie Avenue District, benefiting from recent revitalization and increased demand.
  • Close proximity to Wintrust Arena (10,000 seats) and a new 1,200-room Marriott hotel with extensive event space.
  • Walking distance to CTA Red, Orange, and Green Lines.
  • Convenient access to I-90/94, I-55, and Lake Shore Drive.

Property Details for 2229 Michigan Ave

Property type
Other retail properties, Other office properties
Square Feet
29,834 SF
Class
B
Year Built/Renovated
1918/2018
Buildings
1
Stories
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8520618
Longitude
-87.6233053
2229 Michigan Ave, Chicago, Illinois

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2229 Michigan Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message