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Property profile & analytics
OFF-MARKET
Office Spaces

2300 Michigan Ave Chicago, IL 60616

186,445 SF Built 2013
Property ID
Property summary
AI-generated overview

This exceptional 2,450 sq. ft. executive office space is situated within a seven-story, Class C building at 2300 S Michigan Ave, Chicago, IL 60616. Built in 2013, the property boasts a total of 186,445 sq. ft. and is located in Cook County's vibrant South Loop submarket, specifically within the historic Motor Row district. The space is part of a multi-tenant building and offers a high-profile ground-floor location with expansive windows overlooking Michigan Avenue, providing excellent visibility and brand recognition. High ceilings are a key feature, ideal for a variety of uses including coffee shops, food service establishments, or medical offices. The building offers limited parking (4 spaces total) and allows for exterior signage. This location benefits from the ongoing revitalization of Motor Row, with planned additions of entertainment venues, hotels, restaurants, and bars promising continued growth and increased foot traffic. The property's strategic location within a luxury apartment building ensures a steady flow of potential customers. This is a rare opportunity to secure a prominent space in a rapidly developing area.

Property profile
Verified
Property type Office Spaces
Year built 2013
Total area 186,445 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Shelby Apartment Building
  • Avnit Business Management Consultant
  • Nurturing Drug Rehab & Alcohol Detox Chicago Social Service Agency Medical Clinic
  • Genesis Oral Surgery and Implant Center Dental Office
  • Bank of America ATM Atm
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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