Motor Row Investment / Development Opportunity
Chicago, IL 60616
2400-2412 S Michigan Ave, 2409 S Wabash Ave, 55 E 24th St
Chicago, IL 60616
  • Asking Price: Call for details
  • Status: Available
PROPERTY DETAILS:

Covered land opportunity with substantial in place income and significant long term development potential. ±47,256 SF site with two recently restored Historic Landmark buildings totaling approximately 60,000 SF of building area. 2400 S. Michigan Avenue, the iconic Chicago Defender building, is leased to Revel, home of the acclaimed Revel Motor Row event venue, on a long term, NNN lease. Value add potential via lease up of vacant ±10,000 SF building (2412 S. Michigan Avenue) ±20,000 SF adjacent land site fronting Wabash Avenue and 24th Street provides parking revenue and significant future development potential.