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This exceptional mixed-use property, located at 2210-2216 South Michigan Avenue in Chicago's vibrant South Loop, offers a compelling investment opportunity. The 23,048 square foot building boasts a diverse tenant mix, including a restaurant, pizzeria, and upscale retail spaces on the ground floor, and three fully occupied office suites on the second floor. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $479,168, with a pro-forma NOI projected at $516,604. The building, constructed in 2019, comprises one two-story structure with six individual units. Its prime location offers unparalleled visibility and accessibility, situated at the southwest corner of East Cermak Road and South Michigan Avenue, with exposure to over 20,850 vehicles daily. The property benefits from its proximity to major attractions including McCormick Place Convention Center, Wintrust Arena, and the Marriott Marquis Hotel, drawing nearly 3 million visitors annually. Convenient access to public transportation via the CTA "L" station (Red, Orange, and Green Lines) and major interstate systems (I-90/94, I-55, and Lake Shore Drive) further enhances its appeal. The surrounding area is experiencing significant growth, fueled by new residential developments, hotel expansions, and the ongoing $390 million McCormick Square expansion project, promising increased foot traffic and community vibrancy. This property is located within an Opportunity Zone, offering potential tax advantages for investors. This is a rare opportunity to acquire a high-performing, mixed-use asset in a rapidly developing and highly desirable Chicago location.
Highlights
South Chicago submarket location, adjacent to the South Loop.
High-quality building improvements.
Located in a designated Opportunity Zone, offering tax advantages.
High-visibility corner location at Cermak & Michigan, with over 20,850 VPD.
Proximity to McCormick Place Convention Center (nearly 3 million annual visitors).
Thriving neighborhood with restaurants, entertainment, and cultural attractions.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.