22,500 sq ft
Commercial: Office/Tech - MLS# 12604128
Tools & Resources:
Description
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.
Features
- Property Type: Commercial
- Sub Type: Office/Tech
- Listing Status: Active
- County/Area: Cook County
- Zip Code: 60605
- Year Built: 1910
- Sq.Ft.: 22,500 sq ft
- Stories: 2
- Zoning: OFFIC
- Additional Parcels: Yes
- Additional Parcels Description: 17221080130000, 17221081040000, 17221080150000
- Approximate Age: New Rehab
- Building Area Total: 22500
- Built Before 1978 (Y/N): Yes
- Construction Materials: Brick
- Cooling: Central Air
- Directions: Roosevelt to Michigan Avenue south to property. Property is located on the east side of the street.
- Electric: Service - 201 to 600 Amps
- Expense Year: 2025
- Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Stand Pipe, ESFR Sprinkler, Carbon Monoxide Detector(s)
- Geographic Locale: Downtown Chicago
- Gross Income: 2000000
- Gross Scheduled Income: 200000
- Heat/Ventilation: Central Bldg Heat
- Information: 24-Hr Notice Required, List Broker Must Accompany
- Lot Size Square Feet: 21896
- Main Type: Commercial Sale
- Operating Expense: 1650000
- Property Offered: For Sale Only
- Property Sub Type: Office
- Tax Annual Amount: 198859
- Tax Year: 2024
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