320 S Michigan Avenue

Chicago, IL
$ 2,800,000 Beds 0 Baths 0 Sq 10,353
Monthly Estimate* How much can I afford?

Rarely available ground floor retail space situated at the epicenter of downtown Chicago's nationally recognized Historic Michigan Boulevard District. The location spans 35 feet of sidewalk frontage literally steps from the world renowned Art Institute, Chicago Symphony Orchestra, Grant Park, Buckingham Fountain, and countless other Chicago landmarks. The opportunities to develop this raw space are endless, as is the foot traffic. This prized location at 330 S. Michigan Ave. draws both local, business, and tourist traffic thanks to its proximity to locally and nationally cherished landmark institutions, outdoor recreation, dining, shopping, hotels, McCormick Convention Center, and the Loop financial district. One or more premier tenants can fill the 10,000 square feet encompassing the street, basement, and mezzanine levels of the building, supplied by a private loading dock at the rear and a heating, cooling, and ventilation infrastructure capable of supporting multiple kitchens or other high traffic uses. Property comes with 123,000 square feet of unused air rights and one deeded parking space in building garage.

Commercial

  • Price
  • $ 2,800,000
  • Lot Size
  • 10,353 SqFt
  • Bedrooms
  • 0
  • Sqr Footage
  • 10,353
  • Full Bathrooms
  • 0
  • Year Built
  • 1880
  • Half Bathrooms
  • 0
  • City, Zip
  • Chicago
  • Taxes
  • $ 61577
  • County
  • COOK
  • Style
  • Area
  • CHI - Loop
  • MLS#
  • 11225132
  • Zip
  • 60604
Listing Provided by: Pyne Properties, LLC
Data Source: Midwest Real Estate Data (MRED)

Features

General

Additional Parcels Y/N Yes
City Chicago
Construction Materials Concrete, Block, Steel Siding
Cooling Chillers
County Cook
Days on Market 64
Directions On the west side of Michigan Avenue, between Jackson and Van Buren streets.
Electric Circuit Breakers, Over 600 Amps
Leasable Area 10353
Lease Type N/A
Lot Size Square Feet 10353
MLS Area CHI - Loop
Possession Closing
Property SubType Condominium
Property Type Commercial Sale
Property Type Retail/Stores
Standard Status Active
Status Active
Stories 2
Street Name Michigan
Tax Annual Amount 61577.6
Tax Year 2020
Tenant Pays Varies by Tenant
Total Units 1
Township South Chicago
Year Built 1880
Zoning RTAIL

Interior Features

Street Suffix Avenue

Exterior Features

Building Area Total 10353
Exterior Limestone, Brick/Stone Msn Pred
Foundation Details Concrete Perimeter
Frontage Type City Street
Lot Dimensions .21 ACRE
Total Parking 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Niles, IL office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/21/2021 Listed $2,800,000

Property vs Zip Code Average in 60604

Price
AVG $2.8M
$2.8M
Taxes
AVG $61,577
$61,577
Visits
AVG 15
21
Year Built
AVG 1880
1880
Walkscore
AVG 93
93
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

320 S Michigan Avenue Chicago, IL is a Single Family Home for sale at $2800000 with 10353 sqft and a lot size of 10,353 SqFt Acre(s). 320 S Michigan Avenue Chicago has 0 bedrooms, 0 baths and was built in 1880. The property's zip code is 60604 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 3.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.