SQUARE FEET22,500
MLS#12604128
STATUSNew
PROPERTY TYPECommercial - Office
Property 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.
Property Features
Property Type: Commercial - Office
Cooling: Central Air
Lot Size: 0.50 Acres
Stories: 2.0
Year Built: 1910
Feature Descriptions
Electric: Service - 201 to 600 Amps
Exterior: Brick
Fire Protection: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Stand Pipe, ESFR Sprinkler, Carbon Monoxide Detector(s)
HVAC: Central Bldg Heat
Lot Dimensions: 136x 161
Parcel#: 17221080120000
Listed By / Shown By
Listed By
Agency Name: Baird & Warner
Agency Phone: 708-460-1400
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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1455 S Michigan Avenue | MLS# 12604128
This commercial property located at 1455 S Michigan Avenue, Chicago, IL 60605 is currently listed for sale with an asking price of $7,888,000. Search Chicago real estate on www.bhhscrosby.com today.