Se Connecter/S’inscrire
Votre courriel a été envoyé.
Seventy East Lake 70 E Lake St 141 593 pi² 63% Loué Bureau Immeuble Chicago, IL 60601 À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Highly Differentiated Gothic Revival Building with Attractive Conversion Flexibility
- Street-Level Retail Diversifies Income & Offers Significant Upside
- Historic & Cultural Significance: A Chicago Legacy
- Central Downtown Chicago Location with Unmatched Accessibility
- Significant Ongoing Development in the Immediate Area
Résumé de l'annonce
Cushman & Wakefield, Inc. has been retained as the exclusive advisor and agent to offer for sale the 100% fee simple interest in 70 East Lake (the “Property”), a 17-story office and retail building totaling 141,593 square feet currently 63.1% leased. The Property is located mid-block between North Wabash Avenue and North Michigan Avenue in Chicago’s East Loop neighborhood and includes street-level retail frontage along Lake Street, less than a half block from the “Magnificent Mile.” Constructed in 1927, the Building reflects late-1920s Chicago architecture, combining elements of the Chicago School with Gothic Revival and early Art Deco influences, including strong vertical massing, articulated window groupings, and ornamental detailing that give the Property a distinctive and enduring presence.
70 East Lake offers meaningful long-term upside through a conversion to multifamily, mixed-use residential or hospitality uses. The Building’s historic construction, narrow floor plates, abundant window lines, and vertical configuration align with the characteristics commonly sought in successful office-to-residential conversions. Additionally, all but two tenants have landlord termination rights providing further conversion flexibility. Combined with its premier East Loop location—steps from transit, employment centers, cultural institutions, and Michigan Avenue—the Property presents a compelling opportunity to reposition a legacy asset into differentiated residential product.
70 East Lake offers meaningful long-term upside through a conversion to multifamily, mixed-use residential or hospitality uses. The Building’s historic construction, narrow floor plates, abundant window lines, and vertical configuration align with the characteristics commonly sought in successful office-to-residential conversions. Additionally, all but two tenants have landlord termination rights providing further conversion flexibility. Combined with its premier East Loop location—steps from transit, employment centers, cultural institutions, and Michigan Avenue—the Property presents a compelling opportunity to reposition a legacy asset into differentiated residential product.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
141 593 pi²
Classe d’immeuble
C
Année de construction/rénovation
1927/1983
Pourcentage loué
63%
Location
Multiples
Hauteur du bâtiment
17 étages
Superficie de plancher typique
8 329 pi²
Dalle à dalle
10’
Coefficient d’occupation des sols de l’immeuble
14,13
Taille du lot
0,23 AC
Zonage
DX-16
Commodités
- Accès contrôlé
- Gestionnaire d'immeuble sur place
1 1
Walk Score®
Un paradis pour un marcheur (100)
Transit Score®
Un paradis pour conducteur (100)
Bike Score®
Très cyclable (81)
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 4 744 036 $ CAD | |
| Évaluation du terrain | 3 412 854 $ CAD | Évaluation totale | 8 156 890 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
3 412 854 $ CAD
Évaluation des bâtiments
4 744 036 $ CAD
Évaluation totale
8 156 890 $ CAD
Contacts
-
Thomas Sitz -
Cody Hundertmark -
Kelsey Berry -
Dirk Riekse -
Jeremiah Olsen -
Cushman & Wakefield
1 de 16
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
Seventy East Lake | 70 E Lake St
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.
Votre message a été envoyé !
Activez votre compte LoopNet dès maintenant pour suivre les propriétés, recevoir des alertes en temps réel, gagner du temps sur vos demandes futures et bien plus encore.