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Property profile & analytics

875 Michigan Ave Chicago, IL 60611

  • Commercial real estate
Value Estimation
Location Intelligence
Property ID
US28-3851439
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

  • STS Electric / Electrician / Contractor
  • Benihana / Japanese Restaurant
  • Corporate Housing by Owner / Apartment Rental Agency
  • Rose Gomez M.D., D.F.A.P.A. / Psychiatrist
  • Doctors For Visual Freedom / Skin Care Clinic / Medical Spa

Property Details for 875 Michigan Ave

Property type
Commercial real estate
APN
17-03-220-021
APU
1703220021

Description

This Class A office space, located in Chicago's iconic John Hancock Center at 875 North Michigan Avenue, 31st Floor, offers a variety of flexible options for businesses of all sizes. The building boasts a total of 32,288 square feet, with 350 individual suites, and currently has 5,970 square feet of vacant space available. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to diverse business needs. The property features multiple tenancy options, ideal for both large and small companies. The building underwent renovations in 2019 and includes convenient amenities such as elevators and on-site parking. Enjoy stunning views of Lake Michigan from this prime location in the Magnificent Mile district. Additional building amenities include a fitness center and an outdoor seating area. Impress clients with the convenience of the Signature Room restaurant located on the 95th floor. This exceptional property is situated in Cook County, Illinois, zip code 60611, offering unparalleled access to Chicago's vibrant business scene. The space is suitable for executive offices, coworking arrangements, creative offices, professional practices, and traditional office setups.

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
-87.6234
Latitude
41.8989
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
$1,178,745
$1,007,405
$4,695,933
$5,703,338
-
$4,029,620
$18,783,732
$22,813,352
More about this property
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