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$ 150,000
Est. payment | /mo
8,800 SqFt
$ 150,000
Est. payment | /mo
8,800 SqFt
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 8,800 sqft
Price per Sqft $17
MLS Listing ID 12417994
Year Built 1948
Annual Tax Amount $35,123
Tax Year 2023
Lot Dimensions 80X106
Property Sub-Type Retail/Stores
Property Description
11139-41 S. Michigan Avenue Roseland neighborhood of Chicago, Illinois. Originally built for the iconic F.W. Woolworth Co., this property was converted into a Foot Locker and most recently was occupied by DTLR, a national streetwear retailer. The retailer is no longer operating, although a lease is still in place. With over 8,800 square feet of space spread across two floors plus a full basement and situated on a 6,382 square foot lot, the building offers high visibility and long-standing history within Chicago's South Side retail corridor. The property is held under a 99-year land lease, and set to expire in October 2027, making it an ideal short- or mid-term play with redevelopment potential post-lease expiration. This is a rarely available opportunity for a tenant to secure space on one of the area's busiest thoroughfares, with flexible space suitable for retail, office, community services, or mixed use. Located in the heart of Chicago's Far South Side, Roseland is a historic neighborhood with strong community ties and redevelopment potential. Michigan Avenue is a key arterial street with heavy foot and vehicle traffic. The recent lease of the former Walgreens space to Dollar General signals ongoing demand and opportunity for repositioning.
Location
State IL
County Cook
Area Chi - Roseland
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
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Listed by Susan Silver of Millennium Properties RE, Inc.