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    Property profile & analytics
    OFF-MARKET Estimated value $2,380,000
    Retail space

    2210 Michigan Ave 16, Chicago, IL 60616-2103

    23,800 SF 0.11 ac lot Built 1898
    Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-0978174
    Property summary
    AI-generated overview

    This exceptional Chicago office property, located at 2210 S Michigan Ave in the vibrant South Loop's Motor Row submarket, presents a unique investment opportunity. The two-story, 25,585 square foot building, constructed in 1898 and renovated in 2005, offers two available suites ranging from 2,994 to 4,290 square feet. The building boasts impressive 25-foot ceilings, ideal for creative office uses. Situated on a 0.43-acre lot, the property is conveniently located near McCormick Place and Wintrust Arena, providing excellent access to major transportation hubs. The building is within walking distance of the Cermak-McCormick Place and Cermak-Chinatown 'L' stations, offering easy commutes for employees. Its prime location also provides convenient access to Lake Shore Drive, Lake Michigan, and Interstate-55. The property is zoned DS-5 and features a Cook County APN of 17-27-101-030-0000. While there are no on-site parking spaces, the building's central location offers ample public transportation options. The building is classified as Class C and includes elevators. This is a rare opportunity to acquire a historic building in a rapidly developing area of Chicago. The property's unique character and convenient location make it an ideal space for businesses seeking a distinctive and well-connected office environment.

    Property profile
    Verified
    Property type Retail space
    Use group STORE, RETAIL OUTLET
    Year built 1898
    Total area 23,800 SF
    Lot 0.11 ac (4,747 SF)
    APN 17-27-101-029
    UPID US28-0978174
    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
    Current use
    Occupant on record · Public records
    • Williams Inn Pizza & Sports Bar Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.97M
    Blend (final) Blend
    $2.38M
    Owner & transaction history
    Superman LLC · 11 yrs held
    Superman LLC
    since 2014
    7 recorded transactions
    2019
    2017
    2014
    $1.6M
    2008
    2007
    $1.7M
    2002
    $780,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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