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1620 S Michigan Ave
Chicago, IL 60616 South Loop

$4,050,000 USD

Apartments Condo For Sale  •  9,152 SF

Property Details

  • Property Type Apartments
  • Total Building Size 354,605 SF
  • Lot Size 1.17 AC
  • Building Class B
  • Year Built 2006
  • Zoning PD 1000
84 Transit Score
94 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit ALL Retail 9,152 SF $4,050,000 USD
  • Unit Size: 9,152 SF
  • Condo Use: Retail
  • Price: $4,050,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $442.53 USD

Description

This retail condominium opportunity is located within a 12-story mixed-use building in Chicago’s dynamic South Loop neighborhood. The property offers approximately 9,152 square feet of ground-floor retail space, ideal for owner-users or investors seeking a high-visibility location in a thriving urban corridor.
The building, constructed in 2006, features modern design and amenities, including 24-hour access, controlled entry, and elevator service. The retail unit benefits from floor-to-ceiling windows, providing abundant natural light and strong street presence along Michigan Avenue. The site is positioned in a dense residential and commercial area, ensuring consistent foot traffic and exposure to a diverse customer base.
Zoned PD 1000, the property supports a variety of retail and service uses, making it suitable for restaurants, boutique shops, fitness studios, or professional services. Its proximity to public transportation, major expressways, and cultural attractions such as Grant Park and Soldier Field enhances accessibility and appeal.
This offering represents a rare chance to secure a retail asset in one of Chicago’s most vibrant neighborhoods, with long-term growth potential and strong demographic fundamentals.

Highlights

Approximately 9,152 SF retail condominium within a 12-story mixed-use building.
Located in the South Loop, a high-density residential and commercial district.
Floor-to-ceiling windows provide excellent visibility and natural light.
Building amenities include 24-hour access, controlled entry, and elevator service.
Excellent connectivity to public transit, Lake Shore Drive, and major expressways.

Major Tenants

Tenant SF Occupied Lease End Date
Brighter Dental
L & A Healing Studio
OMG Spa
Sunday Supper Church

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Controlled Access
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Cabana
  • On-Site Retail
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Elevator
  • Wheelchair Accessible (Rooms)
  • Public Transportation
  • Floor to Ceiling Windows

Public Transportation

Commuter RailDriveWalkDistance
18th Street Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra)) 6 min 12 min 0.6 mi
Museum Campus/11th St Station (South Shore Line - Northern Indiana Commuter Transportation District (South Shore Line)) 4 min 19 min 0.9 mi
AirportDriveWalkDistance
Chicago Midway International 17 min - 9.6 mi
Chicago O'Hare International 32 min - 19.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 36
Type: Surface
Included in Rent: Yes
Scott Hoskins 312-376-2020 Cmk Realty
Scott Hoskins 312-376-2020 Cmk Realty