This is a Package Sale. Properties at 560 Michigan Avenue and 550 Michigan Avenue are being sold as a package for a total price of $ 7,800,000.rnRecently renovate in a mixed use zone CPS-2, which allow short-term rental, hotel use, medical and office use. The properties are gated which include a private parking up to 10 parking spot. 9 units apartment buildings offering a mix of five 1-bed/1-bath and four 2-bed/2-bath. Both building are licensed for short term rental. FAR 2.0, these properties can be developed in hotel up to 50 rooms. It include an office and a laundry room in the parking area. Located on 5th street it is walking distance to the beach of Ocean Drive, shops at the mall on 5th street and grocery.