2210-2216 S Michigan Ave

Investment Highlights

Executive Summary

- Building is 100% Occupied.- Located in the South Chicago submarket, adjacent to the rapidly developing South Loop market.- Located in an Opportunity Zone, a census tract designated by state and federal government targeted for economic development by allowing investors to defer federal taxes on recent capital gains.- The building is located at the southwest corner of East Cermak Road and South Michigan Avenue with visibility and exposure to over 20,850 vehicles per day.- Located near McCormick Place Convention Center, which attracts nearly 3 million visitors annually.- Near the 10,000-seat multipurpose Wintrust Arena. Uses range from women's and men's basketball games, concerts, family shows and business conventions to name a few.- The new 1,200-room Marriot hotel with 93,000 square feet of elegant event space, including two 25,000-square-foot ballrooms.- Walking distance from CTA ?L? station (Red, Orange and Green Lines).- Proximity to the interstate system I-90/94, I-55 and Lake Shore Drive.

• Sale Type    Investment or Owner User
• Property Type    Retail Retail General Retail Restaurant General Retail Storefront OfficeLoft Creative Space Retail
• Building Size    25,585
• Building Class    B
• Year Built/Renovated    1898/2005
• NOI    477,168
• Percent Leased    18
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    1.37
• Land Acres    0.43 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Bus Line
• Commuter Rail
• Metro/Subway
• Restaurant
• Signage