Listing Description
11139-41 S. Michigan Avenue Roseland neighborhood of Chicago, Illinois. Originally built for the iconic F.W. Woolworth Co., this property was converted into a Foot Locker and most recently was occupied by DTLR, a national streetwear retailer. The retailer is no longer operating, although a lease is still in place. With over 8,800 square feet of space spread across two floors plus a full basement and situated on a 6,382 square foot lot, the building offers high visibility and long-standing history within Chicago's South Side retail corridor. The property is held under a 99-year land lease, and set to expire in October 2027, making it an ideal short- or mid-term play with redevelopment potential post-lease expiration. This is a rarely available opportunity for a tenant to secure space on one of the area's busiest thoroughfares, with flexible space suitable for retail, office, community services, or mixed use. Located in the heart of Chicago's Far South Side, Roseland is a historic neighborhood with strong community ties and redevelopment potential. Michigan Avenue is a key arterial street with heavy foot and vehicle traffic. The recent lease of the former Walgreens space to Dollar General signals ongoing demand and opportunity for repositioning.