This website uses "cookies" to ensure you get the best experience on our website. Using this website means you're OK with it.
Note

Prime Downtown Chicago Redevelopment Opportunity

Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity Prime Downtown Chicago Redevelopment Opportunity

Property Overview

Price/Rent PSF Inquire
Asset Type Office
Trade Type Sale
SQ. FT. Available 17,500
Date Available 10/19/2020
Additional URL Link
Floors 7
Additional parameters Show
Search Demographic Data LandCheck Explore financing options
Click to add the listing to favorites
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Copy iframe
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Make a Note
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Add to Listing Report
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Create Listing PDF
You need to be logged in to do this. Click the link above to log in or register for free so you can do this

Description

Location
INCREDIBLE ACCESS TO PUBLIC AND PRIVATE TRANSPORTATION


The property has incredible access to public and private transportation and is within walking distance to a multitude of CTA ‘L’ lines and busses. The property is also within immediate proximity to I-290, I-94, and Lake Shore Drive which offers incredible access to area employment and a direct thoroughfare to the Chicago Metro Area

Sale
COLLIERS INTERNATIONAL is pleased to exclusively offer for sale, an exceptional historic redevelopment opportunity located at 314-316 S Federal in Chicago, IL. Located in the heart of the notable Chicago ‘Loop’ submarket, the Property offers the unique ability for an investor to immediately rehab and reposition a seven story, walk-up style boutique building in one of the historically strongest areas in Chicago.



314-316 S Federal is an exemplary candidate for redevelopment. Its 2,500 SF rectangular floor-plates lay out well for office, residential, or hospitality use and the property offers proximate access to Chicago’s best amenities as well as direct access to the Loop and financial district.



In a submarket that has seen new inventory limited to Class-A Luxury office and residential towers, absorption has remained strong over the last four quarters for B and C buildings and demand is projected to outpace supply over the next several years making downtown Chicago and the South Loop one of the most stable multifamily markets in the Chicago metro area. The strength of 314-316 S Federal Street’s proximity to the downtown Chicago CBD speaks to the long-term viability and growth of this asset.



Year Built: 1912


Landmark Status: Orange Rated


Gross Bldg. Area: 17,500 SF | 2,500 SF Floor Plates


Net Rentable Bldg. Area: 15,400 SF estimated at 12% circulation loss post construction


Zoning: DC-16


Bldg. FAR: 7


Tax PIN: 17-16-232-014-0000


Parking: None, grandfathered & garage next door


Walk Score: 99


Transit Score: 100

Location

Are you sure you want to delete your listing

We recommend you archive listings rather than delete them, for future reference.

Can we add this to our comparable database?

Are you sure you want to archive your listing

Can we add this to our comparable database?

Please type your email and we'll send you the mail with all pdfs attached. You can also download each pdf from the list below.