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Financial
Distress signals
Property profile

200 S Michigan Ave Chicago, IL 60604

FOR LEASE
Office buildings
Property ID
US28-2556324
402,400 SF 0.42 ac lot Built 1955
Last sale Jul 2019 · $33,017,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This property includes street-level retail space at the base of MILA, a 402-unit apartment tower completed in 2016. The retail areas feature prominent glass storefronts with frontage along Michigan Avenue, providing visibility directly from the street. The building supports first- and second-generation retail uses with flexible retail footprints suitable for multiple layout configurations, with a pedestrian flow that includes both local office workers and visitors passing along Michigan Avenue.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$2.84M
Tax billed · 2022
Assessed value$13.82M
Assessed land$1.25M
Assessed improvement$12.57M
Effective rate20.57%

Value estimate

· Oct 2026
$64.20M
$57.78M – $70.61M

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
Laundromat9.6
Butcher7.2
Assisted Living Facility7.1

Location

200 S Michigan Ave Chicago, IL 60604
County assessor Recorded deeds · 12 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

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
314 Federal, Chicago, IL 60604 $1,200,000 Jul 2024 17,300 SF
333 Wabash Ave, Chicago, IL 60604-4107 $108,000,000 Aug 2020 2,434,200 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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