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11218 S Michigan Ave
ACTIVE
BUY
$399,000
Property Description
Located in an Opportunity Zone at the corner of 112th Place and Michigan Avenue, this 36,000-square-foot, four-story retail building with a full basement and freight elevator is now available for sale. The street-level storefront is currently leased to a furniture store, generating approximately $48,000 in annual rent. The fireproof structure with sprinklers throughout offers excellent redevelopment potential-ideal for conversion to self-storage or other commercial uses-while providing steady income from the existing tenant.
Bedrooms
--
Bathrooms
--
Levels
Built Year
1
MLS:
1950
12470924
Sqft
36000
Main Location
Chicago, IL 60628
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Price of Property:
$399,000
Estimated monthly payment:
$2,521.95
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