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1455 S Michigan Ave 22,640 SF Office Building Chicago, IL 60605 $6,900,000 ($304.77/SF) 6.47% Cap Rate
Investment Highlights
- Strong South Loop Corridor
- Owner/User opportunity
- Outstanding development potential
- Value add business opportunity
Executive Summary
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$566,000
|
$25.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$566,000
|
$25.16
|
| Taxes |
$99,430
|
$4.42
|
| Operating Expenses |
$20,000
|
$0.89
|
| Total Expenses |
$119,430
|
$5.31
|
| Net Operating Income |
$446,570
|
$19.85
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $566,000 |
| Annual Per SF | $25.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $566,000 |
| Annual Per SF | $25.16 |
| Taxes | |
|---|---|
| Annual | $99,430 |
| Annual Per SF | $4.42 |
| Operating Expenses | |
|---|---|
| Annual | $20,000 |
| Annual Per SF | $0.89 |
| Total Expenses | |
|---|---|
| Annual | $119,430 |
| Annual Per SF | $5.31 |
| Net Operating Income | |
|---|---|
| Annual | $446,570 |
| Annual Per SF | $19.85 |
Property Facts
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Ivy Garden Learning Center is an early childhood education provider headquartered in Chicago, Illinois. Founded in 2010, the organization offers preschool programs for children aged six weeks to five years and after-school learning for students aged six to twelve years. Ivy Garden emphasizes academic preparation, physical development, and social skills enhancement, distinguishing itself from traditional daycare centers. Its curriculum includes reading, math, science, and social studies, along with test preparation for selective enrollment and gifted programs. The company operates as a privately held entity and has expanded its presence with multiple locations in Chicago, serving diverse communities. Ivy Garden Learning Center focuses on fostering a strong educational foundation to prepare students for success in elementary school and beyond.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Property Taxes
| Parcel Number | 17-22-108-012-0000 | Total Assessment | $498,291 |
| Land Assessment | $496,415 | Annual Taxes | $99,430 ($4.39/SF) |
| Improvements Assessment | $1,876 | Tax Year | 2025 |
Property Taxes
Contact the Sale Advisor
1455 S Michigan Ave