1455 S Michigan Avenue, Chicago, IL
  • $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
  • Price $7,500,000
  • Year Built 1910
  • Property Type Office
  • Property Status Active
  • Parcel Number 17221080120000
  • MLS Status Active
  • Days On Market 77
  • Cumulative Days On Market 78
  • Tax Annual Amount 198859
  • Cooling Central Air
  • Directions Roosevelt to Michigan Avenue south to property. Property is located on the east side of the street.
  • BuildingAreaTotal 22500
  • LotSizeSquareFeet 21896
  • StoriesTotal 2
  • Zoning OFFIC
  • Address 1455 S Michigan Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60605
  • Country United States

Overview

Property ID: MRD12604128
  • Office
  • Property Type
  • 1910
  • Year Built

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