1455 S Michigan Avenue — Chicago, IL 60605
Active
▼ $388,000
Chicago, IL 60605

1455 S Michigan Avenue

$7,500,000
0 beds · 0 baths
$388,000 below original 58 days on market $198,859/yr taxes
01About this home

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.

02Inside the home
03By the numbers
$7,500,000
List price
Square feet
Bedrooms
Bathrooms
1910
Year built
Lot size
Garage spaces
$198,859
Annual taxes
Office/Tech
Style
58
Days on market
04Features
Cooling
Central Air
Construction
Brick
05Neighborhood
  • Uncle Joe’s Rum Bar & Grill 200 ft
  • Vice District Taproom 200 ft
  • Chicago Waffles 200 ft
  • Victory Tap Chicago 200 ft
  • Mikami 300 ft
  • The Chicago Firehouse Restaurant 350 ft
  • Go Grocer 350 ft
  • Go Grocer 0.2 mi
  • Alfa Foods 0.2 mi
  • Jewel-Osco 0.3 mi
  • Pride 0.3 mi
  • Trader Joe's 0.3 mi
  • Coliseum Park 700 ft
  • Daniel Webster Park 800 ft
  • Mark Twain Park 0.2 mi
  • Fred Anderson Park 0.3 mi
  • Cotton Tail Park 0.3 mi
  • Mary Richardson Jones Park 0.3 mi
  • Overflow Coffee 150 ft
  • Dunkin' 950 ft
  • Little Branch Cafe 0.3 mi
  • Dunkin' 0.3 mi
  • Sweet Bean 0.3 mi
  • Molly’s Cupcakes 0.3 mi
POI data via Mapbox · OpenStreetMap contributors
06History

Every event we have for this address, straight from the MLS.

May 26, 2026
Price reducedThis listing
Baird & Warner
$7,500,000
−$388,000
Mar 31, 2026
Listed for saleThis listing
Baird & Warner
$7,888,000
Sourced from MRED. Older events appear here as our history backfill completes.
07Ask Dwello

Real answers about this home — pricing, schools, what to ask, anything.

08See it for yourself

Stand in the kitchen.
See the light at 4pm.

Photos can only do so much. Pick a time — we'll meet you at the door.

Connect with Ewelina, Anna, or Nadeem — real people on our team, no call centers.
09Similar homes
Listed by Baird & Warner · Michael Galvan · 773-732-8843
MLS data provided through MLS GRID · MRED MLS · MLS# MRD12604128
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