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    445 N La Salle Dr Chicago, IL 60654

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    For Sale
    Contact for pricing

    Three-story, 5,400 SF office building with Verizon cell tower lease.

    Property size:
    5,400 SF
    Lot size:
    0.05 Acres

    Property Features for 445 N La Salle Dr

    General Information

    Size
    5,400 SF
    Lot size
    0.05 Acres

    Source: Millennium Properties Real Estate Agent Daniel J. Hyman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office Building For Sale

    This is a 5,400 square foot, three-story, single-tenant office building with a lower level. The building has been recently renovated and updated in 1988 with newer mechanical systems and flexible floor plans. The property has potential for retail or bar/restaurant concepts. A long-term cell tower lease to Verizon is in place, generating an annual rent of $15,298.18. Signage offers excellent exposure. The zoning is DX-7. The property is also for sale.
    Insight Report Location Intelligence

    Current Use by Public Records

    Quantum Global Advisors, ... Consultant

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Clothing Store Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6322413
    Latitude
    41.8905588

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    FAQs

    What type of property is this?
    Office building - Three-story, 5,400 SF office building with Verizon cell tower lease.
    Where is this office building located?
    The property is located at 445 N La Salle Dr Chicago, IL.
    What are key features of this property?
    This property features: - Long-term cell tower lease to Verizon provides $15,298.18 annual rent.; - 5,400 SF, three-story single-tenant office building plus a lower level.; - Potential for retail or bar/restaurant concepts.
    (312) 338-3000
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    445 N La Salle Dr Chicago, IL 60654
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    445 N La Salle Dr Chicago, IL 60654
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