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
Est. payment: Skip to Mortgage Calculator
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. |
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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.
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 |