About 1455 S Michigan Avenue
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 day care 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. Let's schedule a tour or contact me to receive additional information. Ownership will convey the business at no cost to consummate a sale.
Features of 1455 S Michigan Avenue
| MLS® # | 12604128 |
|---|---|
| Price | $6,900,000 |
| Bathrooms | 0.00 |
| Year Built | 1910 |
| Type | Commercial Sale |
| Sub-Type | Office/Tech |
| Status | Active |
Community Information
| Address | 1455 S Michigan Avenue |
|---|---|
| Area | CHI - Near South Side |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60605 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Air |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|
Additional Information
| Days on Market | 137 |
|---|---|
| Zoning | OFFIC |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Baird & Warner |
|---|