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About This Home
This 0-bedroom, 0-bathroom commercial at 1455 S. Michigan Avenue in Chicago, IL is listed for $7,500,000. Built in 1910, on a N/A lot.
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.
Key Features
- Built in 1910
Property Details
Monthly Cost Estimate
$40,112/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1455 S. Michigan Avenue
Chicago, IL 60605
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1455 S. Michigan Avenue is listed at $7,500,000. The estimated monthly payment is $32,500 based on 20% down at 6.5% interest.
Key features include: Built in 1910.
This property is listed by Michael Galvan and can be reached at 7737328843 or michael.galvan@bairdwarner.com.
