312-338-3003
445 N LaSalle St, Chicago, IL for Sale
Office - FOR SALE
1/18
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445 N LaSalle St
Chicago, IL 60654
River North


HIGHLIGHTS

  • 7,200 SF, three-story single-tenant office building with a lower level
  • Recently renovated -Updated in 1988 with newer mechanicals and flexible floorplans. -Potential for retail or bar/restaurant concepts
  • Long-term cell tower lease to Verizon. Annual rent is $15,298.18
  • Signage offers excellent exposure
  • Smaller, easily adaptable floor plates
  • Small boutique property with ability to obtain SBA financing

OVERVIEW

445 n LaSalle Street located on North LaSalle Street in Chicago’s River North Neighborhood. This 7,200 SF, multi-story, single-tenant boutique office building has been completely renovated and has been improved with numerous high-end upgrades including a center staircase, atrium and skylight. The property benefits from an FAR of 3.25 and is zoned DX-7, which allows for a variety of uses including office, retail and residential. A long-term lease with Verizon Wireless provides the property with in-place income. The visibility and the in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a well-maintained boutique office building in the heart of the vibrant River North neighborhood. The River North neighborhood of Chicago is a sought-after location for both businesses and residential because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This desirable neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago’s go-to hub of nightlife and entertainment, featuring many of the city’s acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer/investor activity over the past several years.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

C

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

DX-7

APN/PARCEL ID

17-09-253-020-0000

ASK ABOUT THIS PROPERTY

Daniel HymanMillennium Properties R/E, Inc.More Info
312-338-3003

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Daniel HymanMillennium Properties R/E, Inc.More Info
312-338-3003

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