I did a little digging, and apparently:
The Chicago Children's Theatre is eyeing the old 12th District Chicago Police Station at 100 S. Racine Avenue to be its new home. The 12th District moved into their brand new station at 1412 S. Blue Island Avenue at the end of 2012. According to an announcement from the West Loop Community Organization, the theater company is planning an adaptive reuse of the building that will include a new performance space, classrooms and offices.
Well, it's 2015 and as you can see, there's no sign of life yet. But it's a beautiful old building; I especially like the art deco font. Looks a little haunted, doesn't it?
From an article in the Chicago Tribune, dated June 19, 1948:
NEW POLICE STATION AT 100 S. RACINE TO BE READY THIS YEAR
Despite material and labor shortage delays, the new $320,000 police station at 100 S. Racine av. to replace the antiquated structure at 120 N. Desplaines st. is expected to be ready for occupancy this year, City Architect Paul Gerhardt Jr. said yesterday. The foundation is in, the floor slabs are poured and work on the brick walls is about to start, he said.
(And those aren't typos; the paper spelled it "av." and "st.")
According to Wikipedia, the Chicago Daily News was an afternoon daily published between 1876 and 1978. (That was before my time; I migrated to Chicago in 1981.)
In 1929 the Daily News moved into a new 26-floor headquarters building at 400 West Madison Street. Designed by architects Holabird & Root, the Art Deco structure became a Chicago landmark, and stands today under the name Riverside Plaza. The east side of the building features important scenes from the history of journalism, depicting icons such as Joseph Pulitzer, Joseph Medill, and Horace Greeley.
Two North Riverside sits across the Chicago River from the Civic Opera Building.
Facing each other on opposite banks of the river, these two art deco giants stand as odes to Chicago's rich history and identity. Also completed in 1929, the Civic Opera Building was built by Samuel Insull, business magnate who also created Commonwealth Edison, the largest electric utility in Illinois. The building, shaped like a giant armchair facing the river, is often referred to as "Insull's Throne."
This location, however, must have been where they printed the paper. Or something.