Map of Property

161 East Grand | Rare Redevelopment and Adaptive Reuse Opportunity | Heart of Chicago’s Streeterville Neighborhood

For Sale

161 E Grand Ave, Chicago, IL 60611

This Chicago property for sale is located at 161 E Grand Ave. Contact the listing broker for details on the current sale price for 161 East Grand | Rare Redevelopment and Adaptive Reuse Opportunity | Heart of Chicago’s Streeterville Neighborhood. 161 East Grand | Rare Redevelopment and Adaptive Reuse Opportunity | Heart of Chicago’s Streeterville Neighborhood is situated on a lot that is 9,902 square feet in size.

Contacts

Tyler Hague
Lauren Stoliar
Ryan Roegner
David Burden
Tom Berarducci
Tommy Sears

Property Details

  • Property Type Other
  • Property Size 45,148 SF
  • Lot Size 9,902 SF
  • Year Built 1924
  • Date Updated Jun 23, 2026

Colliers is pleased to present 161 East Grand Avenue, a rare redevelopment and adaptive reuse opportunity in the heart of Chicago’s Streeterville neighborhood. Located just off North Michigan Avenue and within close proximity to Navy Pier, the Chicago River, and the Loop, the property offers premier visibility, exceptional connectivity, and a highly desirable location within one of the city’s most established and affluent urban submarkets.
The property is currently improved with an approximately 45,148-square-foot brick office building, including a raised basement, situated on a 9,902-square-foot parcel. Originally built in 1924 and extensively renovated, the building provides meaningful near-term functionality while also presenting substantial long-term redevelopment potential.
DX-12 by-right zoning supports a wide range of uses at the underwritten density. Up-Zoning to achieve a 16+ FAR represents buyer-pursued upside, subject to confirmation with city zoning approval and processes.
Supported by strong surrounding demand drivers, immediate access to transit and major transportation corridors, and healthy downtown multifamily fundamentals, 161 East Grand Avenue offers investors and developers a unique opportunity to acquire a strategically located asset with both current utility and compelling future upside.

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Getting around

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  • 100/100

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  • 81/100

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Location

  • City Chicago, IL
  • Zip Code 60611
  • Market Chicago

Points of Interest

  • Grand

    0.26 miles

  • State/Lake

    0.47 miles

  • Millennium Station

    0.50 miles

  • Lake

    0.54 miles

  • Merchandise Mart

    0.60 miles

  • Chicago

    0.74 miles

  • Adams/Wabash

    0.84 miles

  • Clinton

    1.02 miles

  • Quincy

    1.04 miles

  • Harold Washington Library-State/Van Buren

    1.05 miles

  • Tesla Supercharger

    0.41 miles

  • BP

    0.49 miles

  • Shell

    0.83 miles

  • ChargePoint

    1.16 miles

  • Blink

    1.45 miles

  • Volta

    1.46 miles

  • Exxon

    1.51 miles

  • City od Chicago Fuel Site 010

    1.82 miles

  • Blink ParkChip Garage - 1035 Van Buren

    1.86 miles

  • Citgo

    1.87 miles

  • Rush-Ohio-Wabash Self Park

    0.18 miles

  • Northwest University Parking B

    0.19 miles

  • North Bridge Self Park

    0.22 miles

  • Erie Ontario Parking C

    0.23 miles

  • Erie Ontario Parking D

    0.25 miles

  • State-Kinzie-Wabash Self Park

    0.25 miles

  • Huron-Superior Self Park

    0.27 miles

  • Grand Plaza Parking

    0.29 miles

  • Grand Plaza parking

    0.30 miles

  • Parking Garage

    0.35 miles

  • InterContinental Chicago Hotel

    0.03 miles

  • Inn of Chicago Magnificent Mile, an Ascend Collection hotel

    0.09 miles

  • Chicago Marriott Downtown Magnificent Mile

    0.10 miles

  • The Gwen

    0.11 miles

  • Courtyard Chicago Downtown/Magnificent Mile

    0.11 miles

  • Ivy Hotel

    0.14 miles

  • The St. Clair Hotel - Magnificent Mile

    0.14 miles

  • Hotel Riu Plaza Chicago

    0.14 miles

  • Aloft Chicago - Magnificent Mile

    0.15 miles

  • Hyatt Centric Chicago Magnificent Mile

    0.16 miles

  • Whole Foods Market

    0.13 miles

  • The Shops at North Bridge

    0.14 miles

  • Marshalls

    0.16 miles

  • Nordstrom

    0.16 miles

  • Neiman Marcus

    0.16 miles

  • Trader Joe's

    0.22 miles

  • Bockwinkel's

    0.23 miles

  • Jewel-Osco

    0.29 miles

  • Saks Fifth Avenue

    0.29 miles

  • Target

    0.30 miles

Contact 161 East Grand | Rare Redevelopment and Adaptive Reuse Opportunity | Heart of Chicago’s Streeterville Neighborhood
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