Corner Office Building with Redevelopment
For Sale
Contact for pricing
159 E Grand Ave, Chicago, IL 60611
Brick office building with two-street frontage and raised basement, offered for sale with vacant possession planned at closing.
Property Size45,148 SF
Days on Market31
Property Features for 159 E Grand Ave
General Information
Standard status
Active
Size
45,148 SF
Property subtype
OFFICE
Listing Agency:
Colliers | Chicago Downtown
(847) 975-8358
Listed By:
Tyler Hague · License #475177222
(847) 975-8358
Source:
Moodyscre
Added: Jul 21
Changed: Aug 8
Last Checked: Aug 19 at 6:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Chicago Downtown
Investment Insights
Based on property information with market context.
A unique mixed-use capable brick office building positioned on a hard corner with two-street frontage. The property includes a raised basement and offers an office configuration within approximately 45,148 square feet on a 9,902 square foot land parcel. The owner-occupant plans to vacate at closing, enabling the building to be immediately re-tenanted upon transfer.
The site provides strong branding visibility and accessibility within an established, desirable, and affluent community, with 99 feet of frontage on Grand and 100 feet on St. Clair.
For redevelopment considerations, the property is described as having DX-12 zoning with density optionality, including an approximately 118,824 square feet as-of-right buildable area at FAR 12, with higher-density capacity referenced through a planned development and cooperation with the City of Chicago Zoning Board of Appeals.
The site provides strong branding visibility and accessibility within an established, desirable, and affluent community, with 99 feet of frontage on Grand and 100 feet on St. Clair.
For redevelopment considerations, the property is described as having DX-12 zoning with density optionality, including an approximately 118,824 square feet as-of-right buildable area at FAR 12, with higher-density capacity referenced through a planned development and cooperation with the City of Chicago Zoning Board of Appeals.
Key Highlights
- 45,148 SF brick office building with a raised basement on a 9,902 SF land parcel
- Two‑street frontage with 99 ft on Grand and 100 ft on St. Clair
- DX‑12 zoning with downtown mixed‑use base zoning allowing residential, hospitality, retail, office, medical, and adaptive reuse programs
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
35,831
Businesses Nearby
Explore this area
Business Placement
Demographics for 60611, IL
38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Brick office building with two-street frontage and raised basement, offered for sale with vacant possession planned at closing.
Where is this office building located?
The property is located at 159 E Grand Ave Chicago, IL.
What are key features of this property?
This property features: 45,148 SF brick office building with a raised basement on a 9,902 SF land parcel; Two‑street frontage with 99 ft on Grand and 100 ft on St. Clair; DX‑12 zoning with downtown mixed‑use base zoning allowing residential, hospitality, retail, office, medical, and adaptive reuse programs
