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Listing provided courtesy of My Realty Chicago IncMREDas Distributed by MLSGrid- MLS# 12470924MLS Provider

11218 S Michigan AvenueChicago, IL 60628

Commercial · 36,000 Sq. ft.
$399,000 Active

11218 S Michigan Avenue Overview

Time on Site:
258 days
Visits:
2

Located in an Opportunity Zone at the corner of 112th Place and Michigan Avenue, this 36,000-square-foot, four-story retail building with a full basement and freight elevator is now available for sale. The street-level storefront is currently leased to a furniture store, generating approximately $48,000 in annual rent. The fireproof structure with sprinklers throughout offers excellent redevelopment potential-ideal for conversion to self-storage or other commercial uses-while providing steady income from the existing tenant.

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11218 S Michigan Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 36,000
  • Price/Sq.ft. $11

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 0

Building Information

  • Year Built: 1950

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Roseland

Tax Information

  • Tax Annual Amount: $13,950.38
  • Tax Year: 2023

General Information

  • Parcel Number: 25221050340000
  • Property Sub Type: Retail
  • Property Type: Commercial Sale

Interior

Building Interior

  • Building Area Total: 36000

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Leasable Area: 0
  • Stories: 4

Unit Information

  • Unit SqFt.: 36000

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 116x80
  • Lot Size Square Feet: 9292

11218 S Michigan Avenue Neighborhood

Community

60628 (Chicago) Demographics

39
Median Age
5,913
Population Density (per sq. mile)
29%
College Educated
$44,410
Estimated Median Income
13,205
Estimated Total Home Owners
9,868
Estimated Total Renters
57% / 43%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

11218 S Michigan Avenue Monthly Cost

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Jeremy Woods
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

11218 S Michigan Avenue Market Data

Based on the last 30 days in this zip code

$188,408
Average List Price
$132
Average Price per Square Foot
38
Properties Sold
93
Average Days on Market
249
Properties for Sale
Calculations provided by Reliance Network

11218 S Michigan Avenue History

Date Event Value Agent
10/20/2025Source: MRED Status Change
Active
10/15/2025Source: MRED Added to Database
October 15, 2025