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Financial
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Property profile

30 N Michigan Ave Chicago, IL 60602

FOR LEASE
Office buildings
Property ID
US28-0143486
256,100 SF 0.36 ac lot Built 1919
Last sale Mar 2004 · $16,435,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property located at 30 N Michigan Ave in Chicago, IL 60602 is an architecturally significant office building containing 48,952 square feet of office space. It is positioned directly across from Millennium Park with a designed facade and city views, and it is situated within the downtown area near the Theatre District and State Street shopping. The building’s amenities and operational features include 24-hour access, a conferencing facility, a convenience store, on-site property management,…

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?
$1.71M
Tax billed · 2022
Assessed value$8.31M
Assessed land$1.65M
Assessed improvement$6.66M
Effective rate20.57%

Value estimate

· Oct 2026
$17.52M
$15.77M – $19.27M
AI approach$10.27M
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$7k
Operating expenses−$5k
NOI · 49,776.67% cap applied$15k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$135/SF
Submarket average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$51 – $278

Cap rate analysis

How does the asset earn?
49,776.67%
$15k 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: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.3
Butcher7.3
Pet Grooming Service7.2

Location

30 N Michigan Ave Chicago, IL 60602
County assessor Recorded deeds · 5 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

4 recorded sales · 18 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
70 Madison St, Chicago, IL 60602-4255 $374,600,000 Jan 2025 1,495,900 SF
30 La Salle, Chicago, IL 60602-2590 $14,000,000 Oct 2024 966,200 SF
100 La Salle St, Chicago, IL 60602-2448 $16,400,000 Sep 2021 No data
170 Washington, Chicago, IL 60602-2312 $3,500,000 Jan 2021 14,000 SF
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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