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161 E Grand Ave
Chicago, IL 60611
Optimus · Bureau Bien À vendre
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Located in Chicago’s Streeterville neighborhood just steps from North Michigan Avenue, Navy Pier, the Loop, and the Chicago River.
- Surrounded by strong demand drivers including retail, hospitality, residential, and major business corridors.
- Approximately 45,148-square-foot office building on a 9,902-square-foot parcel offering current functionality with adaptive reuse potential.
- Immediate access to public transit and primary transportation routes enhances connectivity throughout downtown Chicago.
Résumé analytique
Colliers is pleased to present 161 East Grand Avenue, a rare redevelopment and adaptive reuse opportunity in the heart of Chicago’s Streeterville neighborhood. Located just off North Michigan Avenue and within close proximity to Navy Pier, the Chicago River, and the Loop, the property offers premier visibility, exceptional connectivity, and a highly desirable location within one of the city’s most established and affluent urban submarkets.
The property is currently improved with an approximately 45,148-square-foot brick office building, including a raised basement, situated on a 9,902-square-foot parcel. Originally built in 1924 and extensively renovated, the building provides meaningful near-term functionality while also presenting substantial long-term redevelopment potential.
DX-12 by-right zoning supports a wide range of uses at the underwritten density. Up-Zoning to achieve a 16+ FAR represents buyer-pursued upside, subject to confirmation with city zoning approval and processes.
Supported by strong surrounding demand drivers, immediate access to transit and major transportation corridors, and healthy downtown multifamily fundamentals, 161 East Grand Avenue offers investors and developers a unique opportunity to acquire a strategically located asset with both current utility and compelling future upside.
The property is currently improved with an approximately 45,148-square-foot brick office building, including a raised basement, situated on a 9,902-square-foot parcel. Originally built in 1924 and extensively renovated, the building provides meaningful near-term functionality while also presenting substantial long-term redevelopment potential.
DX-12 by-right zoning supports a wide range of uses at the underwritten density. Up-Zoning to achieve a 16+ FAR represents buyer-pursued upside, subject to confirmation with city zoning approval and processes.
Supported by strong surrounding demand drivers, immediate access to transit and major transportation corridors, and healthy downtown multifamily fundamentals, 161 East Grand Avenue offers investors and developers a unique opportunity to acquire a strategically located asset with both current utility and compelling future upside.
Informations sur l’immeuble
Type de vente
Investissement ou propriétaire occupant
Type de bien
Bureau
Sous-type de bien
Bureau résidentiel
Surface de l’immeuble
4 194 m²
Classe d’immeuble
C
Année de construction
1924
Occupation
Mono
Hauteur du bâtiment
5 étages
Surface type par étage
920 m²
Dalle à dalle
3,66 m
Coefficient d’occupation des sols de l’immeuble
4,51
Surface du lot
0,09 ha
Zonage
DX-12 - Quartier à usage mixte du centre-ville
Caractéristiques
- Signalisation
Taxes foncières
| Numéro de parcelle | 17-10-126-009-0000 | Évaluation des aménagements | 1 378 062 € |
| Évaluation du terrain | 640 047 € | Évaluation totale | 2 018 109 € |
Taxes foncières
Numéro de parcelle
17-10-126-009-0000
Évaluation du terrain
640 047 €
Évaluation des aménagements
1 378 062 €
Évaluation totale
2 018 109 €
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