1006 S Michigan Ave Chicago, IL 60605

This offering features an 8-story historic loft building designed for downtown adaptive re-use. The project is approved for conversion into 49 residential units, with approximately 4,000 square feet of ground-floor retail. The plans call for spacious one- and two-bedroom layouts with 11-foot ceilings, and 21 units include additional dens. Throughout, the design integrates historic architectural elements, preserving the character of the original structure while creating modern residential functionality.

The building is located on South Michigan Avenue, directly across from Grant Park. The redevelopment concept is positioned to serve both street-level retail needs and the surrounding downtown area, with residential units above commercial and amenity space as reflected in the approved plans. The property is being delivered vacant with a full set of construction and design documents available to support the transition from design through permitting and into construction.

For developers and investors seeking a locally recognized adaptive re-use project, this is a conversion-ready package with permit completion expected by closing and construction and design documentation already in place. The approved unit mix and ceiling heights may appeal to tenants looking for character-rich urban living, while the retail component supports a mixed-use operating model once construction is underway. Additionally, the offering notes that the project is structured with readiness for federal historic tax credits.