2037 S Indiana Avenue
Chicago, IL, 60616 $ 595,000
Bedrooms-- Baths-- Sq 130,000 for $595,000. This 130,000 square foot property was built in 2007 on a lot size of 0.502755.
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.
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FeaturesGeneralCooling Central Air
Utilities Electricity Available Natural Gas Available Sewer Connected
Possession Closing Negotiable
Zoning RTAIL
Construction Materials Brick Concrete Block
Year Built 2007
Electric Circuit Breakers Service - 0 to 100 Amps
Tenant Pays Varies by Tenant
Stories Count 5
Township South Chicago
Property Subtype Neighborhood Storefront
Tax Year 2023
Current Use Commercial
Gross Income 61200
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions INDIANA AVENUE SOUTH TO PROPERTY
City Chicago
Number Of Units Total 3
MLS Area CHI - Near South Side
Lot Size Square Feet 21900
Tax Annual Amount 17982
Additional Parcels Y/N Y
Leasable Area 1786
Lease Type N/A
Standard Status Active
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ExteriorWater Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 130000
Lot Dimensions 113 X 90
Frontage Type City Street
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* Excluded FeaturesList Byjeannekeating8851@gmail.com; jeanne.keating@compass.comEmail
NearbyAbout Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/14/2025 | $595,000 | | Listed Price |