1 La Salle StChicago, IL 60602

Property Details for 1 La Salle St

Year built

1930

Lot size

0.41 AC

Property size (Sq ft)

527,600 SF

Property type

Office buildings

APN

17-09-460-001

APU

1709460001

Description

One LaSalle, a historic Class B office building in Chicago's Central Loop (60602), offers 493,738 square feet of executive and professional office space across 40 suites. This landmark building, constructed in 1929 and situated on a 0.42-acre lot, recently underwent extensive redevelopment. The property boasts modern amenities including a tenant lounge with an outdoor terrace, a fitness center, and conferencing facilities. Space is available in various sizes, ranging from a minimum of 531 square feet to a maximum contiguous space of 17,062 square feet, with a current vacancy of 183,134 square feet. The building is uniquely dog-friendly, a rare feature in the Central Business District. Its prime location at 1 North LaSalle Street in Cook County, Illinois, provides unparalleled convenience for businesses and employees. Eleven new spec suites are available. This property presents a unique opportunity to establish a business in a prestigious, historically significant, and amenity-rich setting.

• CAP approach

  CAP return

  Valuation

  6%

  $169,555,600

  6.5%

  $156,512,864

  7%

  $145,333,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $68,719,904

  Geo Method

  $68,719,904

• Alternative Use

  Use

  Valuation

  Residential

  $194,075,952

  Hospitality

  $177,772,528

  Educational

  $147,904,656

  Medical

  $152,991,328

  Retail

  $230,073,904

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8823

Longitude

-87.632

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].