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    2215 S Michigan Ave Chicago, IL 60616

    For Sale
    $3,250,000

    Located in Chicago's Historic Motor Row District.

    Property size:
    32,000 SF
    Lot size:
    0.18 Acres

    Property Features for 2215 S Michigan Ave

    General Information

    Size
    32,000 SF
    Lot size
    0.18 Acres

    Source: CRER Agent Tuyen Nguyen, CCIM

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

    Overview

    Historic Motor Row Office Building

    Located in Chicago's Historic Motor Row District, this property offers a blend of historic charm and modern convenience. The area, once the heart of the automobile industry, is known for its early 20th-century architecture, including restored buildings that combine classic design with contemporary amenities. Situated in the South Loop sub-market, the area retains its historic allure with landmark showroom buildings showcasing intricate stonework and ornate facades. The property has a size of 32000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6233558
    Latitude
    41.8523826

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    FAQs

    What type of property is this?
    Office building - Located in Chicago's Historic Motor Row District.
    Where is this office building located?
    The property is located at 2215 S Michigan Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - Located in Chicago's Historic Motor Row District.; - Combines historic charm with modern convenience.; - Features stunning early 20th-century architecture.
    (773) 879-0713
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    2215 S Michigan Ave Chicago, IL 60616
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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
    2215 S Michigan Ave Chicago, IL 60616
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