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445 N LaSalle St 5,400 SF 100% Leased Office Building Chicago, IL 60654 For Sale
INVESTMENT HIGHLIGHTS
- 7,200 SF, three-story single-tenant office building with a lower level
- Long-term cell tower lease to Verizon. Annual rent is $20,559.47
- Smaller, easily adaptable floor plates
- Recently renovated -Updated in 1988 with newer mechanicals and flexible floorplans. -Potential for retail or bar/restaurant concepts
- Signage offers excellent exposure
- Small boutique property with ability to obtain SBA financing
EXECUTIVE SUMMARY
The River North neighborhood of Chicago is a sought-after location for both businesses and residential because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This desirable neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago’s go-to hub of nightlife and entertainment, featuring many of the city’s acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer/investor activity over the past several years.
PROPERTY FACTS
AMENITIES
- Atrium
- Bus Line
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
445 N LaSalle St is located on North LaSalle Street in Chicago’s River North Neighborhood. This 7,200 SF, multi-story, single-tenant boutique office building has been completely renovated and has been improved with numerous high-end upgrades including a center staircase, atrium and skylight. The property benefits from an FAR of 3.25 and is zoned DX-7, which allows for a variety of uses including office, retail and residential. A long-term lease with Verizon Wireless provides the property with in-place income. The visibility and the in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a well-maintained boutique office building in the heart of the vibrant River North neighborhood. The River North neighborhood of Chicago is a sought-after location for both businesses and residential because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This desirable neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago’s go-to hub of nightlife and entertainment, featuring many of the city’s acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer/investor activity over the past several years.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,400 SF | Office | Full Build-Out | 30 Days |
1st Floor
| Size |
| 5,400 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 5,400 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
445 N LaSalle St is located on North LaSalle Street in Chicago’s River North Neighborhood. This 7,200 SF, multi-story, single-tenant boutique office building has been completely renovated and has been improved with numerous high-end upgrades including a center staircase, atrium and skylight. The property benefits from an FAR of 3.25 and is zoned DX-7, which allows for a variety of uses including office, retail and residential. A long-term lease with Verizon Wireless provides the property with in-place income. The visibility and the in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a well-maintained boutique office building in the heart of the vibrant River North neighborhood. The River North neighborhood of Chicago is a sought-after location for both businesses and residential because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This desirable neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago’s go-to hub of nightlife and entertainment, featuring many of the city’s acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer/investor activity over the past several years.
PROPERTY TAXES
| Parcel Number | 17-09-253-020-0000 | Improvements Assessment | $2,878,979 CAD |
| Land Assessment | $43,604 CAD | Total Assessment | $2,922,583 CAD |
PROPERTY TAXES
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445 N LaSalle St
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