Baird & Warner
Listed by Baird & Warner
$7,500,000
1455 S Michigan Avenue
Details
APN 17221080120000
Property Type Office
Sub Type Traditional Office, Office/Tech
Square Footage 22,500
NOI $350,000
Year Built 1910
Stories 2
Lot Size (SqFt) 21,896
Zoning OFFIC
Office | 22,500 SqFt
Marketing description
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.
Listing Contacts
Baird & Warner
Listed by Baird & Warner
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$350,000.00
$29,166.67/mo
Valuation Metrics
0
DSCR
4.67%
Cap Rate
4.67%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?




















