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1455 S Michigan Ave 22,500 SF Office Building Chicago, IL 60605 $7,888,000 ($350.58/SF)
Executive Summary
The existing 22,500 square foot building is configured across two floors with typical floor plates of approximately 11,250 square feet. Originally constructed in 1909, the Class B property features masonry construction. The building sits on approximately 0.27 acres and offers 33 parking spaces, equating to a 1.64 per 1,000 square foot parking ratio. Additional building characteristics include 12-foot slab-to-slab heights, 18’ x 18’ column spacing, and a sprinklered interior. The property is zoned DX-7 (Downtown Mixed-Use District), allowing for a range of commercial and mixed-use applications within the City of Chicago.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
22,500 SF
Building Class
B
Year Built
1909
Price
$7,888,000
Price Per SF
$350.58
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
11,250 SF
Slab To Slab
12’
Building FAR
1.91
Lot Size
0.27 AC
Zoning
DX-7, Chicago - Downtown Mixed-Use District
Parking
33 Spaces (1.64 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 17-22-108-012-0000 | Improvements Assessment | $1,876 |
| Land Assessment | $496,415 | Total Assessment | $498,291 |
Property Taxes
Parcel Number
17-22-108-012-0000
Land Assessment
$496,415
Improvements Assessment
$1,876
Total Assessment
$498,291
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1455 S Michigan Ave
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