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    835 N Michigan Ave Chicago, IL 60611

    For Sale
    Contact for pricing

    Office building with tax-exempt status near major hospitals.

    Property size:
    500,000 SF
    Lot size:
    2.57 Acres

    Property Features for 835 N Michigan Ave

    General Information

    Size
    500,000 SF
    Lot size
    2.57 Acres

    Source: JLL - Corporate Agent Tom Kirschbraun

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

    Overview

    Prime Location Near Northwestern Hospital

    This office building, encompassing 500,000 square feet, offers the ability to reduce occupancy costs through real estate tax-exempt status. The property is located adjacent to Northwestern Memorial and Lurie Children’s Hospitals. Signage and branding opportunities are available.
    Location Intelligence

    Current Use by Public Records

    Aritzia Women'S Clothing Store LightRx - Chicago - Watertower Medical Spa Sunglass Hut Sunglasses Store Hollister Co. Shoe Store Johnston & Murphy Shoe Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon 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
    -87.6229175
    Latitude
    41.8978136

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    FAQs

    What type of property is this?
    Office building - Office building with tax-exempt status near major hospitals.
    Where is this office building located?
    The property is located at 835 N Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: - Adjacency to Northwestern Memorial and Lurie Children’s Hospitals; - Ability to reduce occupancy costs through real estate tax-exempt status; - Signage and branding opportunities
    (312) 782-5800
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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
    835 N Michigan Ave Chicago, IL 60611
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