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Financial
Distress signals
Property profile

180 Michigan Ave Chicago, IL 60601

OFF-MARKET
Office buildings
Property ID
US28-2631798
270,200 SF 0.28 ac lot Built 1888
Last sale Jun 2007 · $15,066,666
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

180 N Michigan is an office building located just north of Millennium Park and the Cultural Center in downtown Chicago. The building includes on-site property management and 24/7 security, and offers a building conference room for tenant use. Bike storage is available on-site. The property is within walking distance of local attractions such as the Art Institute and State Street shopping, and is served by nearby public transit options.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$1.21M
Tax billed · 2022
Assessed value$5.87M
Assessed land$1.31M
Assessed improvement$4.56M
Effective rate20.57%

Value estimate

· Oct 2026
$41.49M
$37.34M – $45.63M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$135/SF
Submarket average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$51 – $278

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat13.3
Butcher8.0
Buffet6.9

Location

180 Michigan Ave Chicago, IL 60601-7401
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 Wacker, Chicago, IL 60601 $182,000,000 Jan 2025 935,500 SF
303 Wacker, Chicago, IL 60601-5212 $182,000,000 Jan 2025 935,500 SF
174 Michigan, Chicago, IL 60601-7554 $7,500,000 Dec 2024 270,200 SF
35 Wacker Dr, Chicago, IL 60601-2120 $35,500,000 Aug 2024 1,215,200 SF
65 Wacker, Chicago, IL 60601-7296 $19,250,000 Apr 2024 247,700 SF
150 Michigan, Chicago, IL 60601-7553 $120,632,000 Jan 2024 830,300 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $19,250,000
    247,700 SF
    65 Wacker Pl
    OFFICE BUILDING (MULTI-STORY)
    65 Wacker Pl, Chicago, IL 60601-7296
    View Details
  • Value Estimation
    $37,420,000
    231,700 SF
    190 State St
    OFFICE BUILDING (MULTI-STORY)
    190 State St, Chicago, IL 60601-3302
    View Details
  • Value Estimation
    $6,570,000
    196,500 SF
    307 Michigan Ave
    OFFICE BUILDING
    307 Michigan Ave, Chicago, IL 60601-5311
    View Details
  • Value Estimation
    $6,570,000
    196,500 SF
    311 Michigan Ave
    OFFICE BUILDING
    311 Michigan Ave, Chicago, IL 60601
    View Details
  • Value Estimation
    $3,855,000
    196,500 SF
    307 Michigan Ave Ste, Unit 1112
    OFFICE BUILDING
    307 Michigan Ave Ste, Chicago, IL 60601-5401
    View Details
  • Value Estimation
    $1,250,000
    382,600 SF
    333 Michigan Ave Ste, Unit 420
    OFFICE BUILDING
    333 Michigan Ave Ste, Chicago, IL 60601-3990
    View Details

Similar Nearby for Sale

  • Contact for pricing
    969,053 SF
    Michigan Avenue Office Complex
    Two million square foot office complex on Michigan Avenue.
    225 N Michigan Ave, Chicago, IL 60601
    View Details
  • $140,000
    575 SF
    Office Space for Sale
    Office suite available for sale at 222 N Columbus Drive, Chicago, IL 60601.
    222 N Columbus Drive Unit: C3, Chicago, IL 60601
    View Details
  • New
    Contact for pricing
    Downtown Chicago Office Space
    Office space for sale in downtown Chicago.
    55 W Wacker Drive, Suite 200, Chicago, IL 60601
    View Details

Similar Nearby for Lease

  • Contact for pricing
    35,000 sqft
    Penthouse Conferencing Office Space
    Penthouse office space offers dedicated conferencing, training, mock trial, and event facilities for in-house use.
    35 West Wacker Drive, Chicago, IL 60601
    View Details
  • New
    Contact for pricing
    375,154 sqft
    Prestigious River North Office Space
    Iconic 60-story office building in Chicago's River North.
    300 North LaSalle Street, Chicago, IL 60601
    View Details
  • New
    Contact for pricing
    21,250 sqft
    Sublease Office Space with Collaboration Areas
    Sublease office suite features an open-plan layout with collaboration areas, training center, and furnished options.
    200 N LaSalle St, Chicago, IL 60601
    View Details
  • New
    Contact for pricing
    11,445 sqft
    Office Space for Lease
    Office space available for lease in Chicago, Illinois.
    35 W Wacker Dr, Chicago, IL 60601
    View Details
  • New
    Contact for pricing
    2,412 sqft
    Office Building with Flexible Amenities
    Downtown Chicago office building described as supporting food service, banking, conferencing, and high-speed internet.
    121 W Wacker Dr, Chicago, IL 60601
    View Details
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