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332 S Michigan AveChicago, IL 60604
McCormick Building
Asset ClassMixed Use, Multifamily, Office
Square Feet348,890
overview of deal

Overview

The McCormick Building is a 14-story Class B office tower originally constructed in 1910 and recently renovated to accommodate current business needs. The property includes a mix of office and retail spaces, totaling 348,890 square feet of usable space. This exceptional asset is strategically positioned with direct access to major thoroughfares, including Interstates 90 and 55, and is just minutes from both Midway and O’Hare International Airports. Its location offers unparalleled connectivity to the city’s central business district, making it an attractive opportunity for investors and developers.

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Investment Highlights

The prestigious McCormick Building presents a generational investment opportunity, providing investors and developers the chance to own a prime real estate asset in Chicago’s East Loop. Located along Michigan Avenue, prospective buyers can exploit McCormick Building’s location, architectural design, and visibility from Grant Park. Buyers targeting either multifamily conversion or continued office use will benefit from an attractive lobby, recently renovated common areas and amenity package. The existing tenants have a weighted tenure of occupancy in the building of nearly ten-years, illustrating the building’s appeal. The asset is anchored by Regus, who occupies nearly 50k square feet and is committed to the building through 2033, providing a long-term revenue source.

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332 S Michigan AveChicago, IL 60604
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Listing provided by Revere CRE