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Prime Downtown Chicago Redevelopment Opportunity

314-316 S Federal St, Chicago, IL 60604

  • For Sale Contact for pricing
  • Property Type Office - General Office
  • Year Built 1912
  • Date Updated Dec 05, 2021

COLLIERS INTERNATIONAL is pleased to exclusively offer for sale, an exceptional historic redevelopment opportunity located at 314-316 S Federal in Chicago, IL. Located in the heart of the notable Chicago ‘Loop’ submarket, the Property offers the unique ability for an investor to immediately rehab and reposition a seven story, walk-up style boutique building in one of the historically strongest areas in Chicago.


314-316 S Federal is an exemplary candidate for redevelopment. Its 2,500 SF rectangular floor-plates lay out well for office, residential, or hospitality use and the property offers proximate access to Chicago’s best amenities as well as direct access to the Loop and financial district.


In a submarket that has seen new inventory limited to Class-A Luxury office and residential towers, absorption has remained strong over the last four quarters for B and C buildings and demand is projected to outpace supply over the next several years making downtown Chicago and the South Loop one of the most stable multifamily markets in the Chicago metro area. The strength of 314-316 S Federal Street’s proximity to the downtown Chicago CBD speaks to the long-term viability and growth of this asset.

SUBMARKET HIGHLIGHTS
• High Average HH Income – $152,221
• Density – 17,642 population (half mile)
• Daytime Employment (half mile) – 314,735
The Property’s proximity to area recreation and transportation is excellent:
Chicago Loop….…………………………Immediate
Michigan Avenue ..................................Immediate
CTA Train System……….……………...Immediate
CTA Bus System…………………...……Immediate
Lake Shore Drive ……………………….Immediate
I-290……………………...……………….Immediate

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Location

  • City Chicago, IL
  • Neighborhood Chicago Loop
  • Zip Code 60604
  • Market Chicago

Contacts

Tyler Hague

Colliers

(847) 975-8358

Chris Irwin

Colliers

(847) 698-8193

Frequently Asked Questions

What is the total square footage of Prime Downtown Chicago Redevelopment Opportunity?

Prime Downtown Chicago Redevelopment Opportunity totals 17,500 square feet.

When was this property built?

Prime Downtown Chicago Redevelopment Opportunity was built in 1912.

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