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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
Redevelopment Project
Property Type
Office
Building Size
69,170 SF
Building Class
B
Year Built/Renovated
1912/1999
Percent Leased
16%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
9,881 SF
Building FAR
6.35
Land Acres
0.25 AC
Zoning
DX-12 - Downtown Mixed-Use District

Amenities

  • Fitness Center
  • Bicycle Storage

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • Lower Level
  • 2,875 SF
  • Office/Retail
  • -
  • Now

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
  • 3rd Fl-Ste 300
  • 6,000 SF
  • Office
  • -
  • Now

Existing furniture in place.

  • 4th Fl-Ste 400
  • 2,600-10,500 SF
  • Office
  • -
  • Now

Set up for trading company / firm.

  • 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
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

Lower Level

Size 2,875 SF
Space Use Office/Retail
Condition -
Available Now

This suite would lend itself to a fitness club / gym. The space is built-out with cardio and weight machines.

3rd Fl-Ste 300

Size 6,000 SF
Space Use Office
Condition -
Available Now

Existing furniture in place.

4th Fl-Ste 400

Size 2,600-10,500 SF
Space Use Office
Condition -
Available Now

Set up for trading company / firm.

6th Fl-Ste 650

Size 2,540-10,308 SF
Space Use Office
Condition Full Build-Out
Available Now

Walk Score ®
Walker's Paradise (99)
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-16-404-001-0000
Land Assessment
$471,625
Improvements Assessment
$1,685,399
Total Assessment
$2,157,024
  • Listing ID: 32133035

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 601 S LaSalle St, Chicago, IL 60605

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