Property profile

2325 Michigan Ave 27 Chicago, IL 60616

OFF-MARKET
Retail space
Property ID
US28-1308588
16,500 SF 0.15 ac lot Built 1906
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1906
Total area 16,500 SF
Lot 0.15 ac (6,400 SF)
APN 17-27-110-032
UPID US28-1308588

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Construction Company General Contractor
  • Real Estate Agency
  • Real Estate Agency
  • Spa & Massage Center Alternative Medicine Practice

Location

2325 Michigan Ave, Unit 27 Chicago, IL 60616-2127
Chicago metro Census 841000 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.75M
Blend (final) Blend
$1.57M

Owner & transaction history

since 2016
7 recorded transactions
2025
Price N/A
2016
$2.0M
2014
Price N/A
2003
Price N/A
2002
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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