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$399,000

  • For Sale
  • Active
  • Commercial
  • 36,000 Sq. Ft.
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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.

Full Property Details for 11218 S Michigan Ave

General

  • Price: $399,000
  • Taxes: $13,950 (2023)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12470924
  • Updated: 10/21/2025
  • Added to Site: 95 day(s) ago

Additional Information

  • Security/Safety: Sprinklers

Location

  • Area: CHI - Roseland
  • County: Cook
  • Driving Directions: Northwest corner of Michigan Ave and 112th Place

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Structural Information

  • Drive-In Doors: 1
  • Stories/Levels: 4
  • Square Feet: 36,000
  • Year Built: 1950

Unit Information

  • # Tenants: 1

Lot Features

  • Lot Size (Sq. Ft.): 9,292
  • Lot Dimensions: 116 x 80

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Security Deposit: Sprinklers
  • Assessment Year: 1950
  • Tax Amount: $13,950.38
  • Tax Year: 2023

Disclosures and Reports

  • Property ID: 25221050340000

Listed by My Realty Chicago Inc

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— 11218 S Michigan Ave —

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 11218 S Michigan Ave

School District:Chicago Public School District 299
NameGradesDistance
Curtis Elementary School
32 East 115th Street, Chicago, IL 60628
PK-80.3 mi
Corliss High School
821 East 103rd Street, Chicago, IL 60628
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11218 S Michigan Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/14/2025
Listed
$399,000
235.29%
MLS
12/18/2020
Sold
$119,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 11218 S Michigan Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,539
-15%
$32,499
-17%
2022
$10,055
4%
$39,182
—
2021
$9,672
77%
$39,182
93%
2020
$5,466
12%
$20,257
—
2019
$4,886
-52%
$20,257
-52%
2018
$10,248
42%
$42,633
56%
2017
$7,222
7%
$27,253
-1%
2016
$6,775
12%
$27,557
1%
2015
$6,052
7%
$27,193
9%
2014
$5,657
1%
$25,017
-1%
2013
$5,608
14%
$25,236
14%
2012
$4,923
—
$22,182
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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11218 S Michigan Avenue, Chicago, IL 60628 (MLS# 12470924) is a Commercial property. 11218 S Michigan Avenue is currently listed for $399,000 and was received on October 14, 2025. Want to learn more about 11218 S Michigan Avenue? Do you have questions about finding other Commercial real estate for sale in Roseland? You can browse all Roseland real estate or contact a Coldwell Banker agent to request more information.

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