Chicago, IL 60616 2345 S Michigan Avenue

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Presented By: Millennium Properties RE, Inc.
  • MLS# 12341399
  • 04/17/2025
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  • SQFT • 35,000

Home Details

2345 S MICHIGAN AVENUE is a 35,000 square foot, four-story historic landmark loft building in the heart of the Motor Row Historic District. Situated in one of Chicago's most dynamic corridors, this unique investment, originally constructed in 1910 by architect F.E. Davidson, is comprised of four floors of beautifully renovated lofted space, freight elevator, basement plus a spectacular roof deck. All floors are meticulously maintained and boasts lofty ceilings, exposed brick walls and robust heavy timber beams. The windows encompass three sides, bathing the entire interior with natural light. Sweeping panoramic views of Lake Michigan, the downtown skyline, McCormick Square can be enjoyed from the rooftop. The property benefits from its prime Michigan Avenue address, designated as a Pedestrian Street, along with convenient access to multiple rail lines. Additionally, the property is located within the 24th Michigan TIF District, a redevelopment-focused area enhancing land use around McCormick Place. As a participant in the Chicago PACE program, the property may also be eligible for long-term, cost-effective financing options. Located just steps away from McCormick Square, a thriving center for dining, entertainment and hospitality, the property also benefits from a Downtown Service (DS) zoning designation, ensuring exceptional versatility for various commercial endeavors, including TOD incentives under the Connected Communities As transformative developments continue shaping the South Loop, this property stands at the forefront of revitalization, drawing both investors and businesses. The South Loop neighborhood of Chicago is a sought-after location for both business and residential because of its central location, connecting Chicago's Southside, the Loop and the Magnificent Mile. This vibrant neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago's go-to hub of nightlife and entertainment, featuring many of the city's acclaimed bars and clubs. The area continues to be on the rise, seeing a significant increase in residential developments and developer / investor activity over the past several years.
Presented By: Millennium Properties RE, Inc.

General for 2345 S Michigan Avenue

Additional Parcels Y/NNo
CityChicago
CoolingCentral Air
CountyCook
DirectionsNorth or South on Michigan to property. Just north of the 55 expressway exit
ElectricOver 600 Amps, Three Phase
Electric Expense
Fuel Expense
Gross Income
Insurance Expense
Lot Size Square Feet8400
MLS AreaCHI - Near South Side
Number Of Units Total4
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusNew
Stories4
Tax Annual Amount75786
Tax Year2023
Trash Expense0
Water Sewer Expense0
Year Built1910

Exterior for 2345 S Michigan Avenue

Building Area Total35000
Lot Dimensions50X168

Additional Details

Price History

Client Care

Price $950,000
MLS#12341399
List Date 04/17/2025
Property Type Commercial
Phone 847.485.2500
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