Acquired in May 2015, 1006 S. Michigan Avenue is a landmarked, 8-story, post-and-beam loft office building in Chicago’s South Loop neighborhood that was built in 1904. The property has a prominent location on Michigan Avenue and offers views of historic Grant Park and Lake Michigan. The property contains 78,881 square feet of office space, including 7,555 square feet of retail space and an outparcel of land which is currently being used for accessory parking. In addition to being a self-sustaining office building, 1006 S. Michigan Avenue also holds 130,000 square feet of additional development rights with significant value.
1006 S. Michigan Avenue is a joint venture between JK Equities, LLC, Time Equities, Inc. and OAK Capitals, LLC.