Active
1455 Michigan Avenue
Chicago, IL 60605
$7,888,000
0beds
0baths
—sqft
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About this home
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.
MLS Description — as provided by the listing brokerage.
The facts
Property typeCommercial Sale
Year built1910
Lot size—
Annual tax$198,859
CountyCook
MLS #MRD12604128
Days on market8
Features
Cooling
Central Air
Construction
Brick
Listed by
Baird & Warner
Michael Galvan · 773-732-8843
Listing courtesy of mred MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of 4/6/2026, 5:07:20 AM. All data should be independently verified.
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