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Property profile & analytics
OFF-MARKET
Retail space
1449 Michigan Ave, Chicago, IL 60605-2810
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US28-3155536
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
APN
17-22-108-095
UPID
US28-3155536
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Fairway IT Solutions Tech Support Center (Bike/Boat/Book/etc) Store
-
TruLife Coaching & Self-Development Inc. Life Coach
-
Hillary Jennings, LMFT, LCPC Psychotherapist Marriage Or Relationship Counselor
-
That's So Creative, LLC Advertising Agency Marketing & Advertising
-
Dee's Dynamic Crafts Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Entrenuity INC · 6 yrs held
Entrenuity INC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$64,464
Tax year 2022
Assessed value
$312,440
Assessed 2022
Previous assessed
$312,440
+0.0% YoY
Effective rate
20.63%
On assessed value
Assessed land
$50,762
Assessed improvement
$261,678
Land market value
$203,048
Improvement market value
$1,046,712
Total market value
$1,249,760
Applied tax rate
76,102.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Status
Off-Market
Heating
NONE
APN
17-22-108-095
UPID
US28-3155536
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Current owner
From public records · entity-resolved
Entrenuity INC
Entity
Mailing address
1550 S STATE ST, CHICAGO, IL 60605-7805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2025
—
Brian Jenkins
—
Deed
related
$100,000 · Greenwood Archer Capital
Jan 23, 2024
—
Entrenuity INC
—
Deed
related
$3,367,230 · The Soderquist Family Foundation
Jun 14, 2022
—
Entrenuity INC
—
Deed
related
$1,159,300 · United States Small Business Admin
Aug 6, 2021
—
Entrenuity INC
—
Deed
related
$480,000 · Iff
Aug 18, 2020
—
Entrenuity INC
—
Deed Of Trust
related
$1,900,000 · Providence Bk&tr
Apr 29, 2020
—
Entrenuity INC
—
Deed
related
$1,000,000 · Providence Bk&tr
Dec 19, 2019
$1,500,000
Entrenuity INC
South Loop LLC
Warranty Deed
—
Nov 3, 2014
$870,000
South Loop LLC
1449 South Michigan Building
Grant Deed
related
—
Dec 6, 2012
$425,000
1449 South Michigan Bldg LLC
1449 S Michigan Avenue LLC
Grant Deed
related
—
Jan 9, 2007
$1,600,000
1449 S Michigan Avenue LLC
Order Express INC
Warranty Deed
—
Jan 9, 2007
$110,000
1455 South Michigan Air Rights
1449 S Michigan Avenue LLC
Warranty Deed
—
—
—
Motor Row LLC
—
Deed Of Trust
related
$435,000 · Hinsdale Bk&tr
—
—
Entrenuity INC
—
Deed Of Trust
related
$1,000,000 · Providence Bk&tr
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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