$6,900,000
( $304.77Per Sq Foot )
 $37,041 est/mo Sourced by Back At You

1455 S Michigan Avenue,Chicago, IL 60605

Chicago, IL 60605

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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 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.

Details

MLS #12604128
Listing TypeFor Sale
StyleOffice/tech
Sub-TypeResale
StatusActive
Year1910
Days On Site177
Listing Provided ByBaird & Warner | Michael Galvan

Features

SQ Feet22,640
Story(s)2
ZoningOFFIC

Interior

CoolingCentral Air

Exterior

Construction MaterialsBrick

Utilities

ElectricService - 201 to 600 Amps

Taxes

Tax Year2024
Tax Annual Amount198859

Area Information

StateIL
CountyCook
CityChicago
Zip Code60605
AreaCHI Near South Side
Listing VS Median (in 60605)
Price:
$6,900,000
low | high
Med:
$289,000
100% of Average
sqft:
22,640
low | high
Med:
1,700
100% of Average
$ / sqft:
$305
low | high
Med:
$170
94.220289855072% of Average
On site:
177
low | high
Med:
36
100% of Average
Sourced by Back At You

Market Activity 60605

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Contact

Learn More About This Property

Danielle Luchtenburg

Danielle Luchtenburg

Daniel and Associates Real Estate

475127687 (630) 677-6312danielle@daare.com
StateIL
CountyCook
CityChicago
Zip Code60605
AreaCHI Near South Side
Listing VS Median (in 60605)
Price:
$6,900,000
low | high
Med:
$289,000
100% of Average
sqft:
22,640
low | high
Med:
1,700
100% of Average
$ / sqft:
$305
low | high
Med:
$170
94.220289855072% of Average
On site:
177
low | high
Med:
36
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $5.175M - $8.625M
sqft: 16,500 - 28,000
Nearby Listings Property ImageNearby Listings Details
1467 S Michigan Avenue Property Photo 1
$2,499,000
1467 S Michigan Avenue
Chicago, IL 60605
1467 S Michigan Avenue Property Photo 1
$2,499,000
1467 S Michigan Avenue
Chicago, IL 60605
Listing Updated: August 12, 2026 at 11:14:19 PM PDT