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Financial
Distress signals
Property profile

223 W Lake St Chicago, IL 60606

FOR SALE
Other commercial real estate
Property ID
US28-1141756
Last sale Oct 2025 · $1,120,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property located at 223 W Lake St includes a 4,900-square-foot building configured for retail use, including street retail. The frontage and storefront are designed for customer-facing visibility, with interior space suitable for retail displays and merchandise presentation.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$108k
Tax billed · 2022
Assessed value$525k
Assessed land$52k
Assessed improvement$473k
Effective rate20.57%

Value estimate

· Oct 2026
$900k
$810k – $990k
NOI build-up
Gross scheduled income$147k
Vacancy & credit loss−$15k
Operating expenses−$50k
NOI · 8.44% cap applied$83k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$435/SF
Submarket average, outlier-cleaned · 999 recorded sales of this use type
Observed band · Q1–Q3$141 – $917

Cap rate analysis

How does the asset earn?
8.44%
$83k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store23.4
Auto Repair Shop14.1
Laundromat13.0

Location

223 W Lake St Chicago, IL 60606
County assessor Recorded deeds · 18 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
125 Wacker Dr, Chicago, IL 60606-4424 $51,500,000 Aug 2025 No data
55 Wacker, Chicago, IL 60606 $945,000 Dec 2024 No data
165 Canal, Chicago, IL 60606-1549 $2,250,000 Jun 2023 No data
212 Washington, Chicago, IL 60606-3535 $155,818,000 Jan 2022 No data
230 Washington, Chicago, IL 60606-3514 $155,818,000 Jan 2022 No data
230 Canal, Chicago, IL 60606-1206 $18,000,000 Dec 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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