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1455 S Michigan Ave 22,500 SF Office Building Chicago, IL 60605 $10,854,519 CAD ($482.42 CAD/SF)

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Investment Highlights

Strong South Loop Corridor
Owner/User opportunity

Outstanding development potential
Value add business opportunity

Executive Summary

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.

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

22,500 SF

Building Class

Year Built/Renovated

1909/2017

Price

$10,854,519 CAD

Price Per SF

$482.42 CAD

Tenancy

Single

Building Height

2 Stories

Typical Floor Size

11,250 SF

Slab To Slab

12’

Building FAR

1.91

Lot Size

0.27 AC

Zoning

DX-7, Chicago - Downtown Mixed-Use District DX-7

Parking

22 Spaces (0.98 Spaces per 1,000 SF Leased)

Signage

Major Tenants

Health Care and Social Assistance
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Ivy Garden Learning Center is an early childhood education provider headquartered in Chicago, Illinois. Founded in 2010, the organization offers preschool programs for children aged six weeks to five years and after-school learning for students aged six to twelve years. Ivy Garden emphasizes academic preparation, physical development, and social skills enhancement, distinguishing itself from traditional daycare centers. Its curriculum includes reading, math, science, and social studies, along with test preparation for selective enrollment and gifted programs. The company operates as a privately held entity and has expanded its presence with multiple locations in Chicago, serving diverse communities. Ivy Garden Learning Center focuses on fostering a strong educational foundation to prepare students for success in elementary school and beyond.