Renovated Brick Office
For Sale
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161 E GRAND AVE, Chicago, IL 60611
Renovated 1924 brick office building with raised basement on a 9,902 SF parcel near downtown destinations.
Property Size45,148 SF
Lot Size0.23 Acres
Days on Market107
Property Features for 161 E GRAND AVE
General Information
Standard status
Active
Size
45,148 SF
Lot size
0.23 Acres
Property subtype
Multifamily, Office, Mixed Use
Zoning
DX-12
Investment Type
Redevelopment
Building Details
Year Built
1928
Stories
4
Construction
brick
Listing Agency:
Colliers - Chicago Downtown, Illinois
Listed By:
Tyler Hague, LEED AP · License #471009171
(847) 975-8358
Source:
Crexi
Added: May 28
Changed: Sep 10
Last Checked: Sep 11 at 5:50AM
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, Illinois
Investment Insights
Based on property information with market context.
161 E Grand Ave is a renovated brick office building originally built in 1924 and currently improved with approximately 45,148 square feet, including a raised basement. The property sits on a 9,902-square-foot parcel and is presented as a redevelopment and adaptive reuse opportunity with meaningful near-term functionality.
The site is located just off North Michigan Avenue in Chicago’s Streeterville neighborhood, within close proximity to Navy Pier, the Chicago River, and the Loop. Access to downtown transit and major transportation corridors is supported by the property’s central setting.
The property is described as DX-12 by-right zoning, supporting a wide range of uses at the underwritten density. The remarks also reference buyer-pursued up-zoning to achieve a 16+ FAR, subject to confirmation with city zoning approval and processes.
The site is located just off North Michigan Avenue in Chicago’s Streeterville neighborhood, within close proximity to Navy Pier, the Chicago River, and the Loop. Access to downtown transit and major transportation corridors is supported by the property’s central setting.
The property is described as DX-12 by-right zoning, supporting a wide range of uses at the underwritten density. The remarks also reference buyer-pursued up-zoning to achieve a 16+ FAR, subject to confirmation with city zoning approval and processes.
Key Highlights
- Approximately 45,148 SF brick office building with a raised basement, originally built in 1924 and extensively renovated
- Located on a 9,902 SF parcel at 161 East Grand Avenue in Chicago’s Streeterville neighborhood
- DX‑12 by‑right zoning supports a wide range of uses at the underwritten density
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34,739
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
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Market
Vacancy Rate% for Office in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Office building - Renovated 1924 brick office building with raised basement on a 9,902 SF parcel near downtown destinations.
Where is this office building located?
The property is located at 161 E GRAND AVE Chicago, IL.
What are key features of this property?
This property features: Approximately 45,148 SF brick office building with a raised basement, originally built in 1924 and extensively renovated; Located on a 9,902 SF parcel at 161 East Grand Avenue in Chicago’s Streeterville neighborhood; DX‑12 by‑right zoning supports a wide range of uses at the underwritten density
