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Seventy East Lake 70 E Lake St Bureau 13 154 m² 100 % Loué À vendre Chicago, IL 60601
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Highly Differentiated Gothic Revival Building with Attractive Conversion Flexibility
- Street-Level Retail Diversifies Income & Offers Significant Upside
- Historic & Cultural Significance: A Chicago Legacy
- Central Downtown Chicago Location with Unmatched Accessibility
- Significant Ongoing Development in the Immediate Area
Résumé analytique
Cushman & Wakefield, Inc. has been retained as the exclusive advisor and agent to offer for sale the 100% fee simple interest in 70 East Lake (the “Property”), a 17-story office and retail building totaling 141,593 square feet currently 63.1% leased. The Property is located mid-block between North Wabash Avenue and North Michigan Avenue in Chicago’s East Loop neighborhood and includes street-level retail frontage along Lake Street, less than a half block from the “Magnificent Mile.” Constructed in 1927, the Building reflects late-1920s Chicago architecture, combining elements of the Chicago School with Gothic Revival and early Art Deco influences, including strong vertical massing, articulated window groupings, and ornamental detailing that give the Property a distinctive and enduring presence.
70 East Lake offers meaningful long-term upside through a conversion to multifamily, mixed-use residential or hospitality uses. The Building’s historic construction, narrow floor plates, abundant window lines, and vertical configuration align with the characteristics commonly sought in successful office-to-residential conversions. Additionally, all but two tenants have landlord termination rights providing further conversion flexibility. Combined with its premier East Loop location—steps from transit, employment centers, cultural institutions, and Michigan Avenue—the Property presents a compelling opportunity to reposition a legacy asset into differentiated residential product.
70 East Lake offers meaningful long-term upside through a conversion to multifamily, mixed-use residential or hospitality uses. The Building’s historic construction, narrow floor plates, abundant window lines, and vertical configuration align with the characteristics commonly sought in successful office-to-residential conversions. Additionally, all but two tenants have landlord termination rights providing further conversion flexibility. Combined with its premier East Loop location—steps from transit, employment centers, cultural institutions, and Michigan Avenue—the Property presents a compelling opportunity to reposition a legacy asset into differentiated residential product.
Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Bureau
Surface de l’immeuble
13 154 m²
Classe d’immeuble
C
Année de construction/rénovation
1927/1983
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
17 étages
Surface type par étage
774 m²
Dalle à dalle
3,05 m
Coefficient d’occupation des sols de l’immeuble
14,13
Surface du lot
0,09 ha
Zonage
DX-16
Caractéristiques
- Accès contrôlé
- Property Manager sur place
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Taxes foncières
| Numéro de parcelle | 17-10-303-020-0000 | Évaluation des aménagements | 1 667 923 € |
| Évaluation du terrain | 913 352 € | Évaluation totale | 2 581 276 € |
Taxes foncières
Numéro de parcelle
17-10-303-020-0000
Évaluation du terrain
913 352 €
Évaluation des aménagements
1 667 923 €
Évaluation totale
2 581 276 €
Contacts
-
Thomas Sitz -
Cody Hundertmark -
Kelsey Berry -
Dirk Riekse -
Jeremiah Olsen -
Cushman & Wakefield
1 sur 16
Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
Seventy East Lake | 70 E Lake St
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