1455 S Michigan Avenue, Chicago, IL 60605
- $7,500,000
- $7,888,000
Description
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 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. Please let me know if you would like to schedule a tour or receive additional information.
- Listing Courtesy of: Baird & Warner
Details
Updated on June 15, 2026 at 9:29 pm-
Property ID MRD12604128
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Price $7,500,000
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Year Built 1910
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Property Type Office
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Property Status Active
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Parcel Number 17221080120000
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MLS Status Active
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Days On Market 77
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Cumulative Days On Market 78
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Tax Annual Amount 198859
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Cooling Central Air
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Directions Roosevelt to Michigan Avenue south to property. Property is located on the east side of the street.
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BuildingAreaTotal 22500
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LotSizeSquareFeet 21896
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StoriesTotal 2
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Zoning OFFIC
Address
Open on Google Maps- Address 1455 S Michigan Avenue
- City Chicago
- State/county IL
- Zip/Postal Code 60605
- Country United States
Overview
- Office
- 1910
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