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$7,888,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 1455 S Michigan Ave
General
- Price: $7,888,000
- Taxes: $198,859 (2024)
- Status: Active
- Type: Office
- Source: MRED
- MLS ID: 12604128
- Updated: 4/2/2026
- Added to Site: 5 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored, Alarm on Site, Fire Extinguisher(s), Stand Pipe, ESFR Sprinkler, Carbon Monoxide Detector(s)
Location
- Area: CHI - Near South Side
- County: Cook
- Driving Directions: Roosevelt to Michigan Avenue south to property. Property is located on the east side of the street.
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 22,500
- Year Built: 1910
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 21,896
- Lot Dimensions: 136 x 161
- Zoning: OFFIC
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $1,650,000
- Security Deposit: Alarm Monitored, Alarm On Site, Fire Extinguisher/s, Stand Pipe, ESFR Sprinkler, Carbon Monoxide Detector(s)
- Assessment Year: 1910
- Tax Amount: $198,859
- Tax Year: 2024
Disclosures and Reports
- Property ID: 17221080120000
Listed by Baird & Warner
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Schools
Schools serving 1455 S Michigan Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
South Loop Elementary School 1212 South Plymouth Court, Chicago, IL 60605 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1455 S Michigan Ave
Date
Details
Price
Change
Source
3/30/2026
Listed
$7,888,000
209.33%
MLS
12/18/2012
Sold
$2,550,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1455 S Michigan Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$161,214
3%
$761,581
—
2022
$157,134
2%
$761,581
—
2021
$153,604
7%
$761,581
18%
2020
$143,947
11%
$646,169
—
2019
$129,823
2%
$646,169
—
2018
$127,640
-7%
$646,169
1%
2017
$137,584
7%
$639,123
—
2016
$128,009
9%
$639,123
—
2015
$117,117
154%
$639,123
158%
2014
$46,033
22%
$248,104
19%
2013
$37,814
-3%
$207,913
-4%
2012
$39,022
—
$217,459
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1455 S Michigan Ave
1455 S Michigan Avenue, Chicago, IL 60605 (MLS# 12604128) is a Office property. 1455 S Michigan Avenue is currently listed for $7,888,000 and was received on March 30, 2026. Want to learn more about 1455 S Michigan Avenue? Do you have questions about finding other Office real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.

