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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
Loft/Creative Space
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
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 17-15-307-037-0000
  • 17-15-307-019-0000
  • 17-15-307-038-0000
Land Assessment
$1,176,036 CAD
Improvements Assessment
$40,417,565 CAD
Total Assessment
$41,593,601 CAD
  • Listing ID: 40570572

  • Date on Market: 2026-05-18

  • Last Updated:

  • Address: 1006 S Michigan Ave, Chicago, IL 60605

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