2244 S Michigan Ave | Chicago, IL 60616
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- LoopNet Team
2244 S Michigan Ave
Chicago, IL 60616
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2244 S Michigan Avenue offers the opportunity to own a single-story, 4,125-square-foot storefront property, built-out as a bar/restaurant.
- Property is fully occupied by Bar22, a popular bar and restaurant along S Michigan Avenue.
- Situated in a heavily trafficked urban corridor designated as a Qualified Opportunity Zone.
- Features a brand-new build-out, a new roof, interior, fixtures, mechanicals, plumbing, electrical, and a roughly 400-square-foot mezzanine.
- Located in Chicago's South Loop along the historic Motor Row near the McCormick Place-West Building and Cermak-McCormick Place L train station.
- Easily accessible via Interstate 90/94/Dan Ryan Expressway, Interstate 55, and Highway 41.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
3,680 SF
Building Class
C
Year Built/Renovated
1888/2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.84
Lot Size
0.10 AC
Zoning
DS-5 - Downtown Service District
Frontage
112’ on Michigan Ave
AMENITIES
- Signage
ABOUT 2244 S MICHIGAN AVE , CHICAGO, IL 60616
Located in a Qualified Opportunity Zone. At the heart of the New Motor Row entertainment district, this standalone building has been fully built-out as a bar/restaurant called Bar22. 2244 S Michigan Avenue features a newer roof, all new interiors and fixtures, and brand-new build-out.
PROPERTY TAXES
| Parcel Number | 17-27-101-024-0000 | Improvements Assessment | $225,954 |
| Land Assessment | $43,808 | Total Assessment | $269,762 |
PROPERTY TAXES
Parcel Number
17-27-101-024-0000
Land Assessment
$43,808
Improvements Assessment
$225,954
Total Assessment
$269,762
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