1455 S Michigan Avenue Chicago, IL $ 7,888,000
1455 S Michigan Avenue
$ 7,888,000
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1455 S Michigan Avenue

Chicago, IL, 60605
$ 7,888,000
Bedrooms-- Baths-- Sq 22,500
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Property for Rent in Chicago, IL

for $7,888,000. This 22,500 square foot property was built in 1910 on a lot size of 0.502663.

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.

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Rental Active

Price

$ 7,888,000

Taxes

$ 198,859

Style

Lot Size

0.502663

Year Built

1910

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12604128

Features
General
Cooling Central Air
Zoning OFFIC
Construction Materials Brick
Year Built 1910
Electric Service - 201 to 600 Amps
Stories Count 2
Property Subtype Office
Tax Year 2024
Gross Income 2000000
Additional Parcels Description 17221080130000 17221081040000 17221080150000
County Cook
Net Operating Income 350000
Operating Expense 1650000
Property Type Commercial Sale Office/Tech
Status Active
Directions Roosevelt to Michigan Avenue south to property. Property is located on the east side of the street.
City Chicago
MLS Area CHI - Near South Side
Lot Size Square Feet 21896
Tax Annual Amount 198859
Additional Parcels Y/N Y
Leasable Area 0
Lease Type N/A
Standard Status Active
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Exterior
Building Area Total 22500
Lot Dimensions 136x 161
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* Excluded Features
List By
Baird & Warner

Broker

mgalvanrealestate@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/31/2026$7,888,000 Listed Price

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1455 S Michigan Avenue, Chicago, IL, 60605 is a Property for Rent at $7,888,000 with 22,500 sqft and a lot size of 0.502663. 1455 S Michigan Avenue was built in 1910. The property's zip code is 60605 which is in Chicago, IL