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Available For Sale - Office

17,500 SF

AVAILABILITY DETAILS

Size
17,500 SF
Price/SF
N/A - Contact for Info
Listing ID
SA446583
Notes
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
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chris Irwin, Colliers