Property for Sale: 5101 S Michigan, Chicago, IL 60615

$1,200,000
$1,200,000
5101 S Michigan, Chicago, IL 60615
$1,200,000
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Price:
$1,200,000

Type Commercial
Year Built 2005

City Chicago
County Cook

MLS 12011642
Status Active
Washington Park-7 Stores (4 Restaurants, 3 stores) High quality Washington Park Retail Center with 4 restaurants & 3 stores. Two blocks from the 51st Street CTA Green Line Station at the intersection of 51st & S Michigan. Excellent visibility corner lot with popular restaurants and good traffic. 9 parking spaces with room for more. 16,257 square foot lot zoned B3-3, approximately 7,833 square foot building, built in 2005. Annual PGI of $182,507 & value-add potential. $2.3 Billion Annual Consumer Spending Ideal post-covid restaurant layouts, primarily take-out with limited dine-in & large kitchens with hoods. Single story building, amply plumbed for additional light food service &/or easily install hoods. 3-mile radius population of 281,310. Average household income of $60,288 & annual consumer spending of $2.3 Billion. Average retail rent is $20.64NNN with a vacancy rate of 4.9%.

Lot & Building Features

Cooling Central Air
Tax Year 2022
Lot Dimensions 160X100 ft

Price History of 5101 Michigan, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $1,200,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
Photo of Erin Cotter
Direct: 773-879-1060
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Twins Realty LLC, Robert Klairmont
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6.75%
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5101 Michigan (MLS #12011642) is a commercial listing located in Chicago, IL. This property was listed on 03/22/2024 and has been priced for sale at $1,200,000.

Nearby zip codes are 60609, 60619, 60621, 60637 and 60653.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Twins Realty LLC