445 N LaSalle Street
Chicago, IL 60654

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Description

445 N. LaSalle Street is located on North LaSalle Street in Chicago's River North Neighborhood. This 5,400 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 residntial because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This desireable 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.

Features

• Property Type: Commercial
• Sub Type: Office/Tech
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60654
• Year Built: 1947
• Sq.Ft.: 5,400 sq ft
• Stories: 4
• Zoning: OFFIC
• Approximate Age: Older
• Building Area Total: 5400
• Built Before 1978 (Y/N): Yes
• Cooling: Central Air
• Directions: North on LaSalle St from Wacker Dr. Property is 2.5 blocks north, just past Illinois St on the east side of LaSalle
• Fire Protection: Alarm On Site
• Geographic Locale: Downtown Chicago
• Information: 48-Hr Notice Required
• Leasable Area: 5400
• Lot Size Square Feet: 2213
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 5400
• Original Rental Price: 25
• Property Offered: For Sale or Rent
• Property Sub Type: Office
• Rental Price: 25
• Tax Annual Amount: 35464.3
• Tax Year: 2023
• Tenant Pays: Varies by Tenant