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Graphic Arts Lofts 1006 S Michigan Ave 80,521 SF 100% Leased Office Building Chicago, IL 60605 For Sale
Investment Highlights
- Downtown adaptive re-use opportunity for sale
- All pre-development work and permitting complete - ready to begin construction
- Highly Regarded Local Architect/Design Team in Place
- Prime Michigan Avenue location adjacent to Grant Park
- Highly efficient layout of 49 one and two bedroom units above commercial and amenity space
- Delivered Vacant With All Plans | Fully approved for federal historic tax credits
Executive Summary
This offering features an 8-story historic loft building on South Michigan Avenue across from Grant Park, approved for conversion into 49 residential units with approximately 4,000 square feet of ground-floor retail. The unit mix includes spacious one- and two-bedroom layouts with 11-foot ceilings, 21 of which incorporate additional dens, and all thoughtfully integrate historic architectural elements. The project comes with a full set of construction and design documents, including architectural plans and permit completion expected by closing.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
80,521 SF
Building Class
B
Year Built
1904
Percent Leased
100%
Tenancy
Multiple
Building Height
8 Stories
Typical Floor Size
10,065 SF
Slab To Slab
11’
Building FAR
8.08
Lot Size
0.23 AC
Zoning
C
Amenities
- Bus Line
- Property Manager on Site
- Security System
- Signage
- Air Conditioning
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $40,417,565 CAD | |
| Land Assessment | $1,176,036 CAD | Total Assessment | $41,593,601 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,176,036 CAD
Improvements Assessment
$40,417,565 CAD
Total Assessment
$41,593,601 CAD
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Graphic Arts Lofts | 1006 S Michigan Ave
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