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1331 Michigan Ave Chicago, IL 60605-2601

OFF-MARKET Commercial real estate Google Maps
10,900 SF 0.09 ac lot Built 1907
Entity Owned ~ Est. High Equity
Estimated value (blended)
$390k
Range $351k – $429k (±10%)
Property ID US28-5231127

Property summary

AI-generated overview

This exceptional three-story building at 1331 S Michigan Avenue in Chicago's vibrant South Loop offers 11,700 square feet of prime executive office space currently available for lease. The property is zoned DX-7 and situated in Cook County, Illinois, with a convenient 60605 zip code. The building features multiple tenancies, allowing for flexibility in space requirements. Individual suites range from a minimum of 3,000 square feet to a maximum contiguous space of 3,900 square feet, making it ideal for a variety of businesses. The entire 11,700 square feet is currently vacant, presenting a unique opportunity for a single tenant or multiple occupants. High ceilings, ranging from 12 to 13 feet, provide a spacious and modern feel. The property's classification includes both retail and office uses, offering versatility and potential for diverse business operations. This location provides excellent access to transportation and amenities, making it an attractive option for businesses seeking a prominent address in a thriving Chicago neighborhood. The building's design and layout are well-suited for executive offices and professional services. Contact us today to learn more about leasing opportunities at this exceptional property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1907
Total area 10,900 SF
Lot 0.09 ac (3,906 SF)
APN 17-22-105-011
UPID US28-5231127

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.25M
Blend (final) Blend
$390k

Owner & transaction history

since 2025
Last sale
$1.2M
7 recorded transactions
2025
$1.2M
2013
$1.1M
2005
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
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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