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$1,200,000
17,500
square ft

314 S Federal Street
Chicago, Illinois 60604

Closed / MLS #11771523 / Commercial / Mixed Use / Loop
Listing information updated 7/1/2024 at 2:23pm
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.
Built:
1912
Cooling System:
Central Individual
Stories:
7
Zoning:
COMMR
Building Square Feet:
17,500
Tax Amount:
N/A
Tax Year:
2021
Zip Code:
60604
City:
Chicago
County:
Cook

Listing Office: Brookline Real Estate LLC

Listing Office Phone: 630.590.5910

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 7/1/2024 at 2:23pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.

Loop

Loop, IL

Chicago’s iconic business district has embraced the beauty of balance. Once considered all business, The Loop has become an increasingly popular place to live, work, and play. The Loop’s evolution began in the 1990s as developers built new high-rises and repurposed office buildings for residenti...

CTA

CTA
Blue line at Jackson
CTA
Brown line at Harold Washington Library
CTA
Green line at Adams/Wabash
CTA
Orange line at Harold Washington Library
CTA
Pink line at Harold Washington Library
CTA
Purple line at Harold Washington Library
CTA
Red line at Jackson

Metra

Metra
BNSF Railway line at Union Station
Metra
Heritage Corridor line at Union Station
Metra
Metra Electric Main Branch line at Van Buren St Metra
Metra
Milwaukee District North line at Union Station
Metra
Milwaukee District West line at Union Station
Metra
North Central Service line at Union Station
Metra
Rock Island District line at Chicago LaSalle St Metra
Metra
South Shore line at Van Buren Street
Metra
Southwest Service line at Union Station
Metra
Union Pacific North line at Ogilvie Transportation Center
Metra
Union Pacific Northwest line at Ogilvie Transportation Center
Metra
Union Pacific West line at Ogilvie Transportation Center
$628,132
Average Sale Price
78
Average Days On The Market
98%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 314 S Federal Street, Chicago, IL 60604
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314 S Federal Street, Chicago, IL 60604 is a commercial / mixed use which sold for $1,200,000. This commercial / mixed use has been listed on @properties Christie's International Real Estate since May 1st, 2023 and was built in 1912. The nearest transit stops include Jackson CTA Blue line and Van Buren Street Metra South Shore line.

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