$1,200,000
5101 S Michigan Avenue
Chicago, IL, 60615
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%.
Property Details
Price:
$1,200,000
MLS #:
MRD12011642
Status:
Active
Beds:
0
Baths:
0
Address:
5101 S Michigan Avenue
Type:
Commercial
Subtype:
Restaurant,Shopping Center,Strip Center
Neighborhood:
CHI – Washington Park
City:
Chicago
Listed Date:
Mar 22, 2024
State:
IL
Finished Sq Ft:
7,833
Total Sq Ft:
7,833
ZIP:
60615
Year Built:
2005
Schools
Interior
Cooling
Central Air
Exterior
Financial
Tax Year
2022
Taxes
$43,492
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
Chicago, IL$1,100,000
1.54 miles away
- 111 N Wabash Avenue #810-2102-2103
Chicago, IL$1,100,000
4.63 miles away
- 8016 S Yates Boulevard
Chicago, IL$1,100,000
4.62 miles away
- 3626 S Halsted Street
Chicago, IL$1,100,000
2.19 miles away
- 7613 S KINGSTON Avenue
Chicago, IL$1,075,000
4.37 miles away
- 8033 S Drexel Avenue
Chicago, IL$892,000
3.82 miles away
- 1335 W 47TH Street
Chicago, IL$849,000
1.96 miles away
5101 S Michigan Avenue
Chicago, IL
LIGHTBOX-IMAGES
