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    1305 S Michigan Ave, Unit 191 Chicago, IL 60605

    For Sale
    Contact for pricing

    Private parking spot in a fantastic South Loop location.

    Property Features for 1305 S Michigan Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2008

    Source: BERKSHIRE HATHAWAY HOMESERVICES CHICAGO Agent SUSAN DICKMAN

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

    Overview

    Indoor Parking Spot in South Loop

    A private self-park indoor garage spot is available within the garage located at 1305 South Michigan. The property is situated in a fantastic South Loop location, offering convenient access to the Lake, Museum Campus, the Loop, Soldier Field, and various downtown Chicago attractions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Consciencia Studio LLC Service Establishment CFP Innovation Business Management Consultant

    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.

    Similar Places Nearby

    Avis Car Rental, Budget Car Rental, Budget Car Rental, Budget Truck Rental, SIXT Rent a Car Chicago South Loop

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6237078
    Latitude
    41.8654202

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    FAQs

    What type of property is this?
    Parking lot & garage - Private parking spot in a fantastic South Loop location.
    Where is this parking lot & garage located?
    The property is located at 1305 S Michigan Ave, Unit 191 Chicago, IL.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Private indoor garage parking; - Fantastic South Loop location; - Close proximity to the Lake
    Request Owner's contact information
    1305 S Michigan Ave, Unit 191 Chicago, IL 60605
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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
    1305 S Michigan Ave, Unit 191 Chicago, IL 60605
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