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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 day care 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. Let’s schedule a tour or contact me to receive additional information. Ownership will convey the business at no cost to consummate a sale.

Property Details

Price:
$6,900,000
MLS #:
MRD12604128
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Office
Neighborhood:
chinearsouthside
Listed Date:
Mar 30, 2026
Total Sq Ft:
22,640
Year Built:
1910
Chi – Near South SideChinearsouthside

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Stories
2

Financial

Net Operating Income
$446,570
Tax Year
2024
Taxes
$198,859

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Beth is originally from Southern Illinois where she attended SIU-Carbondale and relocated to the area over 15 years ago. Her husband Mike grew up in Spring Valley, Illinois and they moved to Putnam County 7 years ago. Beth is passionate about real estate, and her love for “fixer-uppers” definitely came from her father. “I grew up hanging out at the local lumber yard that my father managed. I loved looking through blueprints and also tagging along with him to check on his rentals and inves…

More About Bethany
1455 S Michigan Avenue
Chicago, IL

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