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$585,000
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Property Description
Rarely available, street-level commercial condominium in the heart of Chicago's vibrant South Loop! Just minutes from McCormick Place, major residential towers, and exciting new developments, this versatile space offers outstanding visibility and limitless potential for a wide range of businesses. Currently built out as a professional Title Company/Attorney real estate office, the space features private offices, conference rooms, a kitchenette and two bathrooms. Recent updates include new lighting, hardwood flooring, fresh paint, and HVAC (2025). Previously utilized as a spa, the property's flexible zoning allows for nearly all business types-making it ideal for a coffee shop, restaurant, retail storefront, professional office, or service business. Income-Producing Investment Opportunity: Strong lease in place at $5,100/month through June 2026, Immediate cash flow with future owner-user potential, Prime location with steady pedestrian and vehicle traffic. With its unbeatable location, modern build-out, and solid lease income, this South Loop commercial condo offers both immediate returns and long-term flexibility-a smart move for investors or entrepreneurs looking to establish a presence in one of Chicago's most dynamic neighborhoods.
Full Property Details
Full Property Details for 2037 S Indiana Ave
General
- Sold For: $585,000
- Taxes: $17,982 (2023)
- Status: Closed
- Type: Store
- Source: MRED
- MLS ID: 12471618
- Added to Site: 319 day(s) ago
Interior
- Interior Features: Passenger Elevator(s), Private Restroom(s)
- Flooring: Wood
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Stand Pipe
Location
- Area: CHI - Near South Side
- County: Cook
- Driving Directions: INDIANA AVENUE SOUTH TO PROPERTY
- Location Details: Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Utilities
- Water: Municipal Water
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected
Structural Information
- Construction: Brick, Concrete, Block
- Exterior Const.: Brick, Concrete, Block
- Foundation: Concrete Perimeter
- Sub-Flooring: Wood
- Stories/Levels: 5
- Square Feet: 130,000
- Current Bldg. Use: Commercial, Condominium
- Year Built: 2007
Lot Features
- Lot Size (Sq. Ft.): 21,900
- Lot Dimensions: 113 x 90
- Frontage: City Street
- Drainage: Storm Sewers
- Zoning: RTAIL
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Stand Pipe
- Assessment Year: 2007
- Tax Amount: $17,982
- Tax Year: 2023
- Tenant Pays: Varies by Tenant, All Utilities
Disclosures and Reports
- Property ID: 17223140410000
Listed and Sold by Compass
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Schools
Schools serving 2037 S Indiana Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
National Teachers Elementary Academy 55 West Cermak Road, Chicago, IL 60616 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2037 S Indiana Ave
Date
Details
Price
Change
Source
8/27/2026
Sold
$585,000
-1.68%
MLS
10/14/2025
Listed
$595,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2037 S Indiana Avenue, Chicago, IL 60616 (MLS# 12471618) is a Store property that was sold at $585,000 on August 27, 2026. Want to learn more about 2037 S Indiana Avenue? Do you have questions about finding other Store real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.

