601 S LaSalle St
69,170 SF 16% Leased Office Building Chicago, IL 60605 For Sale
INVESTMENT HIGHLIGHTS
- Well located Seven (7) story timber loft office building in Chicago's South Loop
- Potential to acquire the adjacent parking garage at 600 S. Clark as part of a larger redevelopment (Same Ownership)
- Value-add opportunity in Downtown Chicago
- Located just blocks from the Ida B. Wells feeder ramps and steps from the LaSalle Street Metra Station
- Less than 1/2 mile north of the proposed 78 Development featuring the new White Sox stadium
EXECUTIVE SUMMARY
Timber Loft Office Building in Chicago's South Loop, located just steps from the LaSalle Street Metra Station and a few blocks east of the Ida B. Wells feeder ramps, one of the main access points to downtown Chicago. Located at the southeast corner of LaSalle and Harrison Street, the building is part of the western edge of the vibrant Printers Row neighborhood, featuring dozens of residential loft buildings and a multitude of restaurants and service oriented tenants. The building consists of approximately 69,000 SF over seven (7) stories. Currently, the building is 32% leased, and presents a value-add opportunity via lease-up / stabilization or potential to convert to multi-family given the location within the South Loop and convenient access to public transit. Building can be purchased with the adjacent 600 S Clark Parking Garage.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Development Sale
Property Type
Office
Building Size
69,170 SF
Building Class
B
Year Built/Renovated
1912/1999
Percent Leased
16%
Tenancy
Multiple
Number of Floors
7
Typical Floor Size
9,881 SF
Building FAR
6.35
Lot Size
0.25 AC
Zoning
DX-12 - Downtown Mixed-Use District
AMENITIES
- Fitness Centre
- Bicycle Storage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This suite would lend itself to a fitness club / gym. The space is built-out with cardio and weight machines.
- 1st Floor
- 7,525 SF
- Retail
- -
- Now
Existing furniture in place.
Set up for trading company / firm.
- 5th Fl-Ste 500
- 10,500 SF
- Office
- -
- Now
- 7th Fl-Ste 700
- 1,500-10,500 SF
- Office
- -
- Now
| Space | Size | Space Use | Condition | Available |
| Lower Level | 2,875 SF | Office/Retail | - | Now |
| 1st Floor | 7,525 SF | Retail | - | Now |
| 3rd Fl-Ste 300 | 6,000 SF | Office | - | Now |
| 4th Fl-Ste 400 | 2,600-10,500 SF | Office | - | Now |
| 5th Fl-Ste 500 | 10,500 SF | Office | - | Now |
| 6th Fl-Ste 650 | 2,540-10,308 SF | Office | Full Build-Out | Now |
| 7th Fl-Ste 700 | 1,500-10,500 SF | Office | - | Now |
Lower Level
| Size |
| 2,875 SF |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size |
| 7,525 SF |
| Space Use |
| Retail |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 300
| Size |
| 6,000 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
4th Fl-Ste 400
| Size |
| 2,600-10,500 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
5th Fl-Ste 500
| Size |
| 10,500 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
6th Fl-Ste 650
| Size |
| 2,540-10,308 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
7th Fl-Ste 700
| Size |
| 1,500-10,500 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 17-16-404-001-0000 | Improvements Assessment | £1,529,184 |
| Land Assessment | £624,574 | Total Assessment | £2,153,758 |
