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Financial
Distress signals
Property profile

2135 Michigan Ave Chicago, IL 60616

OFF-MARKET
Other commercial real estate
Property ID
US28-2637783
Last sale Aug 2018 · $114,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This ground-floor second-generation fitness space is approximately 3,363 square feet and is located within Arrive Lex, a 333-unit apartment building. The space has more than 40 feet of frontage on Cermak Road and is positioned in Chicago’s South Loop area, across from McCormick Place, the Wintrust arena, and the Marriott Marquis Hotel. The surrounding area includes established retail and dining tenants such as South Loop Market, Starbucks, Subway, and Fatpour Tavern, as well as professional…

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?
$62k
Tax billed · 2022
Assessed value$302k
Assessed land$177k
Assessed improvement$126k
Effective rate20.63%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$309/SF
ZIP average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$185 – $497

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: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.7
Barber Shop9.5
Carpet & Flooring Store9.3

Location

2135 Michigan Ave Chicago, IL 60616-5075
County assessor Recorded deeds · 2 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1725 Stewart, Chicago, IL 60616 $13,000,000 Feb 2026 No data
1910 Indiana, Chicago, IL 60616-4329 $3,000,000 Dec 2025 No data
Chicago, IL 60616 $369,000 Jun 2025 No data
2488 Archer, Chicago, IL 60616-1831 $600,000 Apr 2025 No data
2108 Archer, Chicago, IL 60616-1514 $600,000 Dec 2024 19,000 SF
3453 Indiana, Chicago, IL 60616 $1,000,000 Dec 2024 No data
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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