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 TypeCommercial
- NeighborhoodN/A
- CountyCook
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site411 Days
- MLS StatusActive
- MLS ID Number11771523
- Home Size Source N/A
- Year Built1912
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
Sell your house quickly!
Get multiple potential cash offers for your home. Fast and hassle-free!
Learn MoreRecent Activity For 314 S Federal Street Chicago, IL 60604
2 months ago | |
a year ago | |
a year ago |
Don't miss a thing!
Get updates on new activity for this listing
General Features
- Construction Brick
- Number of Stories 7
- Property Sub Type Mixed Use
- Zoning COMMR
- Number Of Stories 7
Interior Features
- Cooling Central Individual
- Fireplaces 3
- Fireplace Yes
Exterior Features
- Construction Details Brick
Community Features
- MLS Area CHI - Loop