Historic Loft Warehouse Listed at 2221 South Michigan Avenue

FOR SALE

2221 South Michigan Avenue, Chicago, IL 60616

33,500 SF

Square Feet

Property Description

± 33,500 sq. ft., 3-Story Loft Warehouse
9,988 sq. ft. Site (62’ x 160’)
Located in the Historic Motor Row Entertainment District
Multiple Development Incentives: Opportunity Zone, TIF Financing, Class-L Rehabilitation, Federal Historic Tax Credits
62’ of Frontage on Michigan Ave
Ceiling Height: 18’11” on 1stFloor
~775’ from CTA Green Line (Cermak Stop) & ~1,967’ CTA Red Line (Chinatown Stop)
DS-5 Zoning / Alderman Pat Dowell (3rdWard)

Property Details

Asset Type

Retail

Year Built

1919

Zoning

DS-5

Lot Size

9,988 SF

Neighborhood

Motor Row

Submarket

Chicago

ZIP

60616

Listing Type

sale

Offering Memorandum

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Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Amortization

Loan Term

Gross Income ($)

Vacancy Rate (%)

Mgmt Fee ($)

Insurance ($)

Maintenance ($)

Utilities ($)

Property Taxes ($)

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Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

$0

Cash-on-Cash Return

0.00%

Monthly Debt Service

$0

Annual Debt Service

$0

View on Map

Address

2221 South Michigan Avenue

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Chicago Retail Market Snapshot

Boundary boundary · Retail · Sale

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