11151 South Michigan Avenue Chicago
Located in the south Roseland Commercial District on a busy main roadway lined with a variety of ongoing businesses 11151 S Michigan Ave Chicago is a spacious 3-floor 15,000 square foot vacant commercial space ideal for an enterprising retailer, a start-up commercial property flipper, or a savvy investor.
The property did have a fire and needs a complete rehab but it’s not in bad shape and a new owner should be able to do very well there.
11151 S Michigan Ave is in the Roseland/Michigan TIF district intended to help with property assembly costs, public works improvements, the rehabilitation of existing buildings, relocation assistance, and eligible costs associated with new construction.
In addition to the Roseland/Michigan TIF district, which encompasses 176 acres of commercial, residential, and institutional properties along Michigan Avenue in the Roseland and West Pullman communities, the value of 11151 S Michigan will continue to significantly increase as Roseland also gets its slice of the city’s Invest South/West pie which includes:
• Roadway geometry and intersection improvements
• Full width resurfacing
• Drainage improvements
• Sidewalk, curb, and gutter
• Curb extensions
• ADA ramps and crosswalks
• Street lighting
• Traffic signal upgrades
• Improved pavement markings and signage
• Side street improvements to the alleys as needed
• Site furniture and potential seating areas
• Light pole identifiers
• Gateway identifier
• Tree planting and potential landscaping
• Two pocket parks/plazas
11151 S Michigan Ave is the type of property you have to visit to recognize its full potential and value at the asking price of $145,000. Financing available.
