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Listing provided courtesy of Baird & WarnerMREDas Distributed by MLSGrid- MLS# 12604128MLS Provider

1455 S Michigan AvenueChicago, IL 60605

Commercial · 22,500 Sq. ft.
$7,190,000 Active

1455 S Michigan Avenue Overview

Time on Site:
90 days
Visits:
4

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.

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1455 S Michigan Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 22,500
  • Price/Sq.ft. $320

Details

General

Income/Expenses

  • Existing Lease Type: N/A
  • Gross Income: 2000000
  • Gross Scheduled Income: 200000
  • Net Operating Income: 350000
  • Operating Expense: 1650000

Building Information

  • Year Built: 1910

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near South Side

Tax Information

  • Tax Annual Amount: $198,859.00
  • Tax Year: 2024

General Information

  • Parcel Number: 17221080120000
  • Property Sub Type: Office
  • Property Type: Commercial Sale
  • Zoning: OFFIC

Interior

Building Interior

  • Building Area Total: 22500

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Leasable Area: 0
  • Stories: 2

Unit Information

  • Unit SqFt.: 22500

Exterior

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 136x 161
  • Lot Size Square Feet: 21896

Building Exterior/Construction

  • Construction Materials: Brick

1455 S Michigan Avenue Neighborhood

Community

60605 (Chicago) Demographics

34
Median Age
15,230
Population Density (per sq. mile)
83%
College Educated
$109,194
Estimated Median Income
8,552
Estimated Total Home Owners
7,714
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1455 S Michigan Avenue Monthly Cost

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$ %
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$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1455 S Michigan Avenue Market Data

Based on the last 30 days in this zip code

$471,688
Average List Price
$424
Average Price per Square Foot
38
Properties Sold
45
Average Days on Market
175
Properties for Sale
Calculations provided by Reliance Network

1455 S Michigan Avenue History

Date Event Value Agent
6/23/2026Source: MRED Status Change
Active
6/17/2026Source: MRED Price Reduction
$7,190,000 -4.1%
6/17/2026Source: MRED Status Change
Price Change
5/25/2026Source: MRED Status Change
Active
5/20/2026Source: MRED Price Reduction
$7,500,000 -4.9%
5/20/2026Source: MRED Status Change
Price Change
4/5/2026Source: MRED Status Change
Active
3/31/2026Source: MRED Added to Database
March 31, 2026