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    806 N Rush St Chicago, IL 60611

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    For Sale
    $11,750,000

    Vacant mixed-use building with development potential near Water Tower.

    Property Features for 806 N Rush St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1906

    Source: BAIRD & WARNER Agent WESLEY JONBERG

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building in Prime Location

    Located at 806 North Rush Street, Chicago, Illinois, this mixed-use building offers an opportunity for an owner-user, investor, or developer. The property is situated on a 1,742-square-foot lot and features a 3,912-square-foot building. Zoned DX-12, the building allows for numerous uses and presents excellent development potential. The property is a freestanding building that is currently entirely vacant. Situated steps from Chicago's Historic Water Tower, the building benefits from a location in one of the busiest areas in Chicagoland, at the heart of the Gold Coast, Rush Street, and Michigan Avenue shopping district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Law Firm Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6259709
    Latitude
    41.897053

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    FAQs

    What type of property is this?
    Mixed-use property - Vacant mixed-use building with development potential near Water Tower.
    Where is this mixed-use property located?
    The property is located at 806 N Rush St Chicago, IL.
    What is the asking price?
    The asking price for this property is $11,750,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Chicago's Gold Coast/Rush Street/Michigan Avenue area.; - Excellent development potential with freestanding mixed-use building status and DX-12 zoning.; - Steps from Chicago's Historic Water Tower, ensuring high visibility and foot traffic.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    806 N Rush St Chicago, IL 60611
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