1455 S Michigan Ave - Office FOR SALE


Chicago, IL 60605- South Loop
$7,888,000 USD
773-732-8843
1455 S Michigan Ave, Chicago, IL for Sale
$7,888,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

1455 S Michigan Ave
Chicago, IL 60605
South Loop


OVERVIEW

The existing 22,500 square foot building is configured across two floors with typical floor plates of approximately 11,250 square feet. Originally constructed in 1909, the Class B property features masonry construction. The building sits on approximately 0.27 acres and offers 33 parking spaces, equating to a 1.64 per 1,000 square foot parking ratio. Additional building characteristics include 12-foot slab-to-slab heights, 18’ x 18’ column spacing, and a sprinklered interior. The property is zoned DX-7 (Downtown Mixed-Use District), allowing for a range of commercial and mixed-use applications within the City of Chicago.

FOR SALE DETAILS

PRICE

$7,888,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

DX-7, Chicago

APN/PARCEL ID

17-22-108-012-0000

ASK ABOUT THIS PROPERTY

Michael GalvanBaird & Warner, Inc.More Info
773-732-8843

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Michael GalvanBaird & Warner, Inc.More Info
773-732-8843

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