445 N LaSalle ST Chicago, IL 60654

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Office/Tech

Listing Status Active

Purchase Type For Sale

Square Footage 5,400 sqft

Price per Sqft $221

MLS Listing ID 12373712

Year Built 1947

Annual Tax Amount $35,464

Tax Year 2023

Lot Dimensions 60X120

Property Sub-Type Office/Tech

Property Description

445 N. LaSalle Street is located on North LaSalle Street in Chicago's River North Neighborhood. This 5,400 SF, multi-story, single-tenant boutique office building has been completely renovated and has been improved with numerous high-end upgrades including a center staircase, atrium and skylight. The property benefits from an FAR of 3.25 and is zoned DX-7, which allows for a variety of uses including office, retail and residential. A long-term lease with Verizon Wireless provides the property with in-place income. The visibility and the in-place income coupled with the easy access to Lake Shore Drive, the I-90/I-94 Expressway and public transportation makes this offering the perfect opportunity for an investor or user to acquire a well-maintained boutique office building in the heart of the vibrant River North neighborhood. The River North neighborhood of Chicago is a sought-after location for both businesses and residntial because of its central location, connecting Fulton Market, River West, the Loop, Gold Coast, Streeterville, and the Magnificent Mile. This desireable neighborhood hosts a multitude of retail shopping options, art galleries, hotels and high-end residential. The neighborhood is also Chicago's go-to hub of nightlife and entertainment, featuring many of the city's acclaimed bars and clubs. This area has a high population density with more than 14,300 existing multi-family units, 2,760 more under construction, and over 1,380 proposed. The area continues to see a significant increase in residential developments and developer/investor activity over the past several years.

Location

State IL

County Cook

Area Chi - Near North Side

Zoning OFFIC

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Office/Tech

Listed by Daniel Hyman of Millennium Properties RE, Inc.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106