Listed by Kiser Group
Unpriced
Graphic Arts Lofts
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 80,521
Units 49
Tenancy Vacant
Stories 8
Investment Type Redevelopment
1006 S Michigan Ave, Chicago, IL 60605
Marketing description
This offering features an 8-story historic loft building on South Michigan Avenue across from Grant Park, approved for conversion into 49 residential units with approximately 4,000 square feet of ground-floor retail. The unit mix includes spacious one- and two-bedroom layouts with 11-foot ceilings, 21 of which incorporate additional dens, and all thoughtfully integrate historic architectural elements. The project comes with a full set of construction and design documents, including architectural plans and permit completion expected by closing.
Investment highlights
- Downtown adaptive re-use opportunity for sale
- Prime Michigan Avenue location adjacent to Grant Park
- All pre-development work and permitting complete - ready to begin construction
- Highly efficient layout of 49 one and two bedroom units above commercial and amenity space
- Highly Regarded Local Architect/Design Team in Place
- Delivered Vacant With All Plans
- Fully approved for federal historic tax credits
Listing Contacts
Listed by Kiser Group
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?
