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Property profile & analytics

2229 Michigan Ave Chicago, IL 60616

  • Retail space
  • 22,900 SF
  • 0.23 lot acres
Value Estimation
Location Intelligence
Property ID
US28-5339598
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Lips Drag Queen Show Palace, Restaurant & Bar / Restaurant / Dinner Theater
  • Chicago House & Social Service Agency / Social Services Organization / Non-Profit Organization
  • Fly Club / Dance School / Yoga Studio
  • Bellagio 223 / Wedding Venue
  • People's Lobby / Non-Profit Organization

Property Details for 2229 Michigan Ave

Year built
1918
Lot size
0.23 lot acres
Property size
22,900 SF
Property type
Retail space
Property subtype
Storefront properties
APN
17-27-102-004
APU
1727102004

Description

This stunning, newly revitalized 4-story office building at 2229 S Michigan Ave in Chicago's South Loop (Motor Row) offers three available suites ranging from 2,512 to 4,772 square feet. Originally constructed in 1918 and extensively renovated in 2018, the building boasts a striking new façade, lobby, elevator, and updated mechanical systems, windows, and bathrooms. The 32,500 square foot building features high ceilings, abundant natural light, and exposed sandblasted brick walls, creating a unique and desirable creative office environment. The building sits on a 0.23-acre lot with a 3.24 FAR and is zoned DX-5 (Downtown mixed-use). The property includes four parking spaces and is conveniently located in the vibrant Motor Row district, known for its historic architecture and burgeoning growth, including planned additions of entertainment venues, hotels, restaurants, and bars. This Class C building offers a blend of historical charm and modern amenities, making it an ideal location for businesses seeking a unique and dynamic workspace in a prime Chicago location. The Cook County property (APN 17-27-102-004-0000) is served by multiple tenants and offers a variety of office space configurations to suit diverse business needs.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6233
Latitude
41.8521
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$172,099
$124,875
$709,241
$834,116
-
$499,500
$2,836,964
$3,336,464
More about this property
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