Kiser Group has listed 2036 S. Michigan Ave., a mixed-use development in Chicago’s South Loop, for $32.5 million. The listing is being marketed by Kiser Group partners Noah Birk and Aaron Sklar and principal and managing broker Lee Kiser.
“An investment at 2036 S. Michigan Ave. is a once in a decade opportunity and includes a compelling cap rate, value-add potential, and immediate scale in Chicago’s booming South Loop neighborhood,” said Birk. “With its proximity to major thoroughfares and McCormick Place, residents and commercial tenants enjoy having a marquee Michigan Avenue address, an easy commute throughout the city and ample restaurants, fitness centers and retail within walking distance.”
Located on the historic Motor Row, the property was entirely renovated from 2016 to 2017. Comprising 68 residential units, the residential unit mix includes 16 three-bedroom/two-bathroom units, 47 two-bedroom/two-bathroom units, and five studios.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).