773-919-1297
1006 S Michigan Ave, Chicago, IL for Sale
Loft/Creative Space - FOR SALE
1/17
null | Request Cap Rate

1006 S Michigan Ave
Chicago, IL 60605
Grant Park


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Graphic Arts Lofts

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,968 SF

ZONING

C

APN/PARCEL ID

17-15-307-019-0000,17-15-307-037-0000,17-15-307-038-0000

ASK ABOUT THIS PROPERTY

Lee KiserKiser GroupMore Info
773-919-1297

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Lee KiserKiser GroupMore Info
773-919-1297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.