Located between a theater and music event space, this 8500 sf leveled lot is in a valuable South Loop Opportunity Zone area. With investors pumping millions of dollars into this area because of a projected population explosion, this is slated to become the next "West Loop" here in the South Loop! 50 feet of frontage right on Michigan avenue with McCormick Place convention center at the rear. It was formerly a building that housed a dry cleaner and spa, which burned down in January 2020. Currently used as parking for the theater, but no lease in place. DS-5 zoning allows a variety of small businesses- both retail and service. Prime lot for a boutique AirBnb, small hotel, tavern, entertainment venue, day care, college, artist work space, car wash, retail store and much more!