$1,500,000
314 S Federal Street
Chicago, IL, 60604
PRICE REDUCTION: We are proud to present the opportunity to acquire a historic building positioned in a strong transit oriented location in busy Downtown Chicago. 314-316 S Federal Street contains a total of 17,500 square-feet comprised of seven 2,500 square-foot floors and an additional 2,500 square-foot built-out and usable lower level. Located in Chicago’s Loop near the corner of Jackson & Dearborn Streets, the building benefits greatly from its position between two CTA stops serving the Blue, Brown, Orange, Pink, and Purple Line trains. Steps from the Financial District on LaSalle, 314-316 S Federal Street offers immediate access to Chicago’s best dining, shopping, and amenities. The property is also within immediate proximity to I-290, I-90/I-94, and Lake Shore Drive, offering easy access to businesses and residential neighborhoods throughout the Chicago Metro Area. A perfect opportunity for redevelopment, the floors lay out nicely for office, hospitality, or residential. Notably, boutique hotels opened in buildings this size have enjoyed distinct recent success in and around Chicago’s Loop. The first floor and lower level offer ideal retail potential – a restaurant was successful there for many years. The building currently zoned DC-16, which allows for an additional nine stories. The property shares it’s south wall with a large public parking garage for visitors. Built in 1912, this asset is also an excellent candidate for Class L Property Tax Incentive, further strengthening its viability for robust growth as an investment.
Property Details
Price:
$1,500,000
MLS #:
MRD11771523
Status:
Active
Beds:
0
Baths:
0
Address:
314 S Federal Street
Type:
Commercial
Subtype:
Mixed Use
City:
Chicago
Listed Date:
May 1, 2023
State:
IL
Finished Sq Ft:
17,500
ZIP:
60604
Year Built:
1912
Schools
Interior
Cooling
Central Individual
Fireplaces Total
3
Exterior
Construction Materials
Brick
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT.Net Sale Price
Tax Year
2021
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
- 3245 W 23rd Street
Chicago, IL$1,950,000
4.40 miles away
- 944 W Huron Street
Chicago, IL$1,900,000
1.65 miles away
- 1128 W Diversey Parkway
Chicago, IL$1,899,000
4.06 miles away
- 3265 S Halsted Street
Chicago, IL$1,875,000
3.08 miles away
- 1363 W Walton Street
Chicago, IL$1,850,000
2.18 miles away
- 1632 W Chase Avenue
Chicago, IL$1,800,000
1.52 miles away
- 4650 S Indiana Avenue
Chicago, IL$1,800,000
4.66 miles away
Chicago, IL$1,775,000
4.53 miles away
- 3042 W Cullerton Street
Chicago, IL$1,755,000
4.02 miles away
- 2847 W Washington Boulevard
Chicago, IL$1,740,000
3.52 miles away
Courtesy of Brookline Real Estate LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
314 S Federal Street
Chicago, IL
LIGHTBOX-IMAGES