Chicago, IL 60605 1455 S Michigan Avenue
$7,500,000



12 more












Presented By: Baird & Warner
Home Details
Baird and Warner is pleased to present a unique investment or owner-user opportunity in the heart of Chicago's vibrant South Loop corridor. Located on an 1/2 acre land site, this 22,500 SF office building offers a rare combination of immediate cash flow and significant future upside. The property currently houses a successful operating business generating over $2,000,000 in revenue, making it an ideal acquisition for a corporate headquarters or an owner-user looking to establish a flagship presence in a high-growth area. Furthermore, the property's current DX-7 zoning provides a versatile foundation for various strategic plays. Investors can choose to maintain the existing structure for long-term appreciation or capitalize on the site's potential for high-rise development, which promises a substantial return on investment. This offering represents a rare chance to acquire a significant footprint in one of Chicago's strongest corridors. Whether you are looking for a stable investment or a site with transformative development potential, this property is positioned for long-term value. Please let me know if you would like to schedule a tour or receive additional information.
Presented By: Baird & Warner
General for 1455 S Michigan Avenue
Additional Parcels Description17221080130000, 17221081040000, 17221080150000
Additional Parcels Y/NYes
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
DirectionsRoosevelt to Michigan Avenue south to property. Property is located on the east side of the street.
ElectricService - 201 to 600 Amps
Gross Income2000000
Leasable Area
Lease TypeN/A
Lot Size Square Feet21896
MLS AreaCHI - Near South Side
Net Operating Income350000
Operating Expense1650000
Property SubtypeOffice
Property TypeCommercial Sale
Property TypeOffice/Tech
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount198859
Tax Year2024
Year Built1910
ZoningOFFIC
Exterior for 1455 S Michigan Avenue
Building Area Total22500
Lot Dimensions136x 161
Additional Details
Price History

SQFT • 22,500