Property profile

12 Michigan Ave Chicago, IL 60603

OFF-MARKET
Motels
Property ID
US28-0328148
177,000 SF 0.32 ac lot Built 1912
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1912
Total area 177,000 SF
Lot 0.32 ac (13,762 SF)
APN 17-15-101-010
UPID US28-0328148

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Bar & Pub
  • Law Firm
  • Bar & Pub
  • Restaurant

Location

12 Michigan Ave Chicago, IL 60603-3300
Chicago metro Census 320400 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.73M
Blend (final) Blend
$14.53M

Owner & transaction history

since 2012
7 recorded transactions
2018
Price N/A
2017
Price N/A
2016
Price N/A
2013
Price N/A
2012
$13.0M
2011
$1.8M
2011
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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