Realmo Analytics
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Property summary
This 13,646-square-foot commercial property in Chicago's South Loop offers a unique investment opportunity. Located at the corner of 16th and State Streets, this single-story, single-tenant building features 12'-16' ceilings, a drive-in door, and five parking spaces. Built in 2001, the property sits on a 15,256-square-foot lot and is zoned M1-1. Currently leased month-to-month, it generates annual rent of $37,452 plus real estate taxes. Its prime location provides easy access to public… transportation (CTA Red, Orange, and Green lines) and major expressways, with a daily traffic count of 17,353 vehicles. The property's proximity to downtown Chicago, including The Loop, Michigan Avenue, and various amenities, makes it attractive for both users and developers. A potential redevelopment opportunity exists, with the possibility of creating up to 151 residential units (including 30% efficiencies) by combining this parcel with adjacent properties (1639-1701 South State Street). This presents a significant upside for investors seeking a high-growth area. The property's existing structure includes approximately 2,000 square feet of retail and office space and a 6,000-square-foot warehouse addition. The building is masonry-constructed with an unfinished basement.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records and 11 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 12,800 SF
- Lot area
- 0.09 ac
- Year built
- 1935
- Stories
- 1
- APN
- 17-21-402-009
- Assessed value · 2022
- $118,864
- Annual tax · 2022
- $24,525
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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