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 Details
Price:
$7,888,000
MLS #:
MRD12604128
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Office
Neighborhood:
chinearsouthside
Listed Date:
Mar 30, 2026
Total Sq Ft:
22,500
Year Built:
1910
See this Listing
Schools
Interior
Cooling
Central Air
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2024
Taxes
$198,859
Map
Community
- Address1455 S Michigan Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60605
Market Summary
Current real estate data for Commercial in Chicago as of May 15, 2026
896
Commercial Listed
190
Avg DOM
$1,025,421
Avg List Price
Property Summary
- 1455 S Michigan Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60605. It is listed for $7,888,000
Similar Listings Nearby

Copyright 2026. All rights reserved.
1455 S Michigan Avenue
Chicago, IL


