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Property summary
This exceptional 32,000-square-foot industrial/mixed-use property, located in Chicago's prestigious Motor Row Historic District, presents a unique investment opportunity. The four-story building, constructed in 1915, boasts a striking brick and veneer exterior and a heavy timber wood structure. Recent upgrades include masonry tuckpointing, new floor-to-ceiling windows, a new elevator, updated fire pump systems, new electrical service, and an upgraded silver coating roof. The first floor… features impressive 17-foot ceilings, while the second and third floors offer 13-foot ceilings, and the fourth floor has 14-foot ceilings. Currently vacant, this Class B property offers significant potential. Its 0.19-acre lot is zoned DS-5, and its location within a Tax Increment Financing (TIF) district provides access to potential redevelopment incentives, including the Class L Property Tax Incentive and TIF/Streamlined TIF funds. The property's prime location offers excellent connectivity to major expressways (I-55), Lake Shore Drive, and public transportation (CTA Cermak Green and Red Lines), placing it within easy reach of downtown Chicago, McCormick Place, the Museum Campus, and other key attractions. The asking price is $3,250,000 ($101.56/sq ft). While certain use restrictions apply due to its historic district designation, the potential for rezoning to DX or DR and the option to purchase bonus Floor Area Ratio (FAR) significantly enhance its versatility for a variety of mixed-use development projects. This property offers a blend of historic charm and modern functionality, making it an ideal investment for discerning buyers.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 54,400 SF
- Lot area
- 0.18 ac
- Year built
- 1915
- Stories
- 4
- APN
- 17-27-102-002
- Assessed value · 2022
- $827,228
- Annual tax · 2022
- $170,678
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2022
- $170,678
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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