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Property profile & analytics
OFF-MARKET
Retail space
218 Canal St, Chicago, IL 60606-1206
Entity Owned
4-yr Hold
Free & Clear
Property ID
US28-0326055
Property profile
Verified
Property type
Retail space
Use group
STORE, RETAIL OUTLET
Year built
1905
Total area
31,200 SF
Lot
0.14 ac (6,032 SF)
APN
17-09-317-007
UPID
US28-0326055
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
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
222 N Canal LLC · 4 yrs held
222 N Canal LLC
since 2021
Last sale
$18.0M
4 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
$152,061
Tax year 2022
Assessed value
$736,788
Assessed 2022
Previous assessed
$736,788
+0.0% YoY
Effective rate
20.64%
On assessed value
Assessed land
$90,480
Assessed improvement
$646,308
Land market value
$361,920
Improvement market value
$2,585,232
Total market value
$2,947,152
Applied tax rate
77,120.0000
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
Year built
1905
Heating
NONE
Stories
3
Total area
31,200 SF
Lot
0.14 ac (6,032 SF)
APN
17-09-317-007
UPID
US28-0326055
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
Year built
1905
Heating
NONE
Stories
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
222 N Canal LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4701 W RICE ST, CHICAGO, IL 60651-3330
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2021
$18,000,000
222 N Canal LLC
Canal Partners
Warranty Deed
—
Nov 27, 2018
—
Canal Partners
—
Loan Modification
related
$8,873,000 · Mb Fin'l Bk
Dec 3, 2015
$4,008,500
Palzkill LLC
Fulton Associates LLC
Warranty Deed
$6,100,000 · American Chartered Bk
Sep 25, 2002
—
Fulton Associates LLC
—
Deed Of Trust
related
$2,900,000 · George Washington Savings Bank
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.
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