Retail Space / Illinois / Chicago / 60616 / 2248 South Michigan Avenue

2248 South Michigan Avenue

Q: What is the asking price for 2248 South Michigan Avenue in Chicago?

The asking price for 2248 South Michigan Avenue is $3,800,000

Q: What is the building size of this Retail property in Chicago, IL?

The size of the building/unit at 2248 South Michigan Avenue in Chicago is 21,000 square feet.

Q: How much land does the Chicago, IL property at 2248 South Michigan Avenue include?

2248 South Michigan Avenue in Chicago includes 0.170 acres of land.

Q: What kind of Retail is the propery at 2248 South Michigan Avenue?

The property at 2248 South Michigan Avenue Chicago, IL 60616 is listed as a Other Retail Retail property.

Q: What is the population within 1 mile of 2248 South Michigan Avenue?

The population within 1 mile of 2248 South Michigan Avenue Chicago, IL 60616 is 40,989 people.

Q: Who do I contact for questions about 2248 South Michigan Avenue?

You should contact the listing agent, Tony Hardy , for any details regarding this commercial listing.

Chicago, IL 60616

Listing ID: 300296

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Building Size: 21,000 SF

Lot Size: 0.170 AC

Land Size: 7,405 SF

Building $/SF: $180.95

Land $/SF: $513.17

Price

$3,800,000

Property Highlights

DS-5 Zoning

Elevator Building

12' Ceiling Height

Located two blocks from McCormick Center

1.10 - miles to Chicago's Central Business District

1.87 - miles to Soldier Field Stadium

Located two blocks from I-55

1.8 - miles to Museum Campus

4 minutes walking distance to Lake Shore Drive

Very close to Grant Park and Buckingham Fountain

4 minutes biking distance from Metra Station

Description

Multifamily Investment Advisors is pleased to present 2248 S. Michigan. The property was originally built in 1912 and renovated in 2006. Chicago’s South Loop, a colorful 74- square-block neighborhood that is home to iconic Chicago museums, lakefront parks, and popular South Loop event venues, including gourmet restaurants and luxury hotels. South Loop venues are within close proximity to downtown Chicago and feature fantastic public transportation options, including access to all four Chicago Transit Authority (CTA) rail lines. The neighborhood is located only eight miles from Midway International Airport and 20 miles from O’Hare International Airport.

Attachments & Files

2248-s-michigan-2023-om-optimized-0T7-qDo.pdf

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Points of Interest & Demographic Radii

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Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Chicago History of Retail Space for Sale

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Listing Demographics for 2248 South Michigan Avenue Chicago, IL 60616

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		40,989	275,730	706,175
Population Median Age		41	37	37
Population by Age	0-9 Yrs	3263 (7%)	23516 (8%)	68528 (9%)
	10-19 Yrs	3089 (7%)	23537 (8%)	68482 (9%)
	20-29 Yrs	6285 (15%)	61284 (22%)	156537 (22%)
	30-39 Yrs	8719 (21%)	59620 (21%)	139129 (19%)
	40-49 Yrs	5307 (12%)	31764 (11%)	81214 (11%)
	50-59 Yrs	6351 (15%)	29587 (10%)	74891 (10%)
	60-69 Yrs	4104 (10%)	25926 (9%)	63583 (9%)
	70+ Yrs	3870 (9%)	20497 (7%)	53811 (7%)

Median HH Income		$84,298	$82,296	$71,404
Total Household Income	< 24K	4739 (22%)	26972 (20%)	72009 (22%)
	25-49K	2342 (11%)	17593 (13%)	50944 (16%)
	50-74K	2321 (11%)	17411 (13%)	41396 (13%)
	75-99K	2647 (12%)	15940 (11%)	35130 (11%)
	100-199K	5548 (26%)	35348 (26%)	73127 (23%)
	200K+	3176 (15%)	19993 (15%)	44544 (14%)

Highest Education Level	No Diploma	4458	22284	68971
	Diploma or GED	4069	27075	84987
	Some College	3869	24339	64349
	Assoc. Degree	1088	8385	21257
	Bachelors Degree	8619	62927	143893
	Higher Degree	10946	61347	126820

Total Housing Units		21,865	148,754	360,107
--Owner-Occupied		9,885	51,296	120,571
--Renter-Occupied		10,889	81,961	196,579
Owner-Occupied Values	< 100K	256	1711	7046
	100-199K	719	4297	18199
	200-299K	2021	11147	23674
	300-399K	2619	11946	20282
	400-499K	1596	8233	15873
	500K+	2673	13963	35498

Total Working Age Population		35,781	240,550	600,339
In Work Force		24,566	168,985	407,270
Not In Work Force		11,215	71,565	193,069
Workforce Employed		23,702	158,130	377,430
Workforce Unemployed		853	10,748	29,600
Civlian Workforce		24,555	168,877	407,030
Military Workforce		11	108	240

Total Households		20,773	133,257	317,150
Family Households		9,035	55,405	138,307
Non-Family Households		11,739	77,853	178,843
Married Couple		6,673	38,303	89,471
Other Family		2,362	17,102	48,836
Married w/Child		1,938	11,576	30,506
Single Male w/Child		116	1,293	4,323
Single Female w/Child		830	6,058	19,080

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 2248 South Michigan Avenue in Chicago?

The asking price for 2248 South Michigan Avenue is $3,800,000

What is the building size of this Retail property in Chicago, IL?

The size of the building/unit at 2248 South Michigan Avenue in Chicago is 21,000 square feet

How much land does the Chicago, IL property at 2248 South Michigan Avenue include?

2248 South Michigan Avenue in Chicago includes 0.170 acres of land

What kind of Retail is the propery at 2248 South Michigan Avenue?

The property at 2248 South Michigan Avenue Chicago, IL 60616 is listed as a Other Retail Retail property

What is the population within 1 mile of 2248 South Michigan Avenue in Chicago?

The population within 1 mile of 2248 South Michigan Avenue Chicago, IL 60616 is 40,989 people.

Who do I contact for questions about 2248 South Michigan Avenue?

You should contact the listing agent, Tony Hardy , for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
2347 South Michigan Avenue, Chicago, IL	$1,650,000	18000	0.19
1307 South Wabash Avenue, Chicago, IL	$2,499,000	4700	-
1233 South Wabash Avenue, Chicago, IL	$2,400,000	9975	0.1
3232 South Doctor Martin Luther King Junior Drive, Chicago, IL	CALL	19000	1.04
3453 South Prairie Avenue, Chicago, IL	$799,000	5000	0.2
3142 South Morgan Street, Chicago, IL	$675,000	3200	0.14
Confidential, Chicago, IL	$385,000	2800	-
3316 South Morgan Street, Chicago, IL	$789,999	2000	0.2
24 East Adams Street, Chicago, IL	CALL	8129	0.06
558 West Van Buren Street, Chicago, IL	$1,750,000	4557	0.06

Closest Commercial Airports

Airport	Distance (mi)
Chicago Midway International Airport (MDW)	8
Chicago O'Hare International Airport (ORD)	17
South Bend Regional Airport (SBN)	68