30 Michigan Ave Chicago, IL 60602
- Office buildings
- 256,100 SF
- 0.36 lot acres
Current Use by Public Records
- Dr. James K. Willerman, DDS / Dentist
- Dr. Teo Limosnero, DDS / Dentist
- Matsumoto Michael Y DDS / Dentist
- New Mom Network / Neonatal Physician / Association / Organization
- Carpenter Wendell MD / Psychologist
Property Details for 30 Michigan Ave
- Year built
- 1919
- Lot size
- 0.36 lot acres
- Property size
- 256,100 SF
- Property type
- Office buildings
- APN
- 17-10-312-006
- APU
- 1710312006
Description
This exceptional 21-story commercial property, located at 30 N Michigan Ave in Chicago's Downtown - East Loop submarket, offers a diverse range of office spaces. The building boasts a total of 69,494 square feet, with 86 individual suites available. Space options are highly flexible, ranging from a minimum of 219 square feet to a maximum contiguous space of 2,064 square feet, catering to businesses of all sizes. Currently, there are 61,234 square feet of vacant space ready for immediate occupancy. The building's versatile design accommodates various business types, including traditional office, executive office, coworking, medical office, and creative office spaces, as well as retail tenants such as salons, boutiques, and shops. The building features elevators for convenient access to all floors. Its prime location provides incredible city views and is within easy walking distance of the Theatre District, State Street shopping, numerous hotels and restaurants, and abundant public transportation options including the Loop Link, buses, the "L" train, Divvy bike share, Metra train, and Millennium Station. Ample parking is readily available in nearby garages and lots, including Grant Park North and Millennium Park. This property presents a unique opportunity to establish a presence in one of Chicago's most desirable and vibrant commercial districts. The building is located in Cook County, Illinois, and has a zip code of 60602.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $17,520,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $17,935,000
- 6.5%
- $15,575,000
- 7%
- $17,290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $18,945,000
- Geo Method
- $14,820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $18,215,000
- Retail
- $15,745,000
- Mixed-Use
- $15,045,000
- Hospitality
- $17,330,000
- Educational
- $14,425,000
- Residential Income
- $16,090,000
- Energy
- $19,320,000
- Income-Based Land
- $18,920,000
- Food Service
- $14,720,000
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.625
- Latitude
- 41.883
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
