Financial
Distress signals
Property profile

2551 North Clark St Chicago, IL 60626

FOR LEASE
Office buildings
Property ID
US28-0315787
44,600 SF 0.51 ac lot Built 1922
Last sale Feb 2001 · $5,106,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 25-yr Hold Held for 25 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional medical office building, located at 2551 N. Clark Street in Chicago's vibrant Lincoln Park neighborhood (zip code 60614, Cook County, Illinois), offers 4,328 square feet of completely vacant, readily available space. The property is classified as a multi-tenant office building, perfect for medical practices seeking flexible and adaptable space. Suites range in size from a minimum of 656 square feet to a maximum contiguous space of 2,006 square feet, providing options to…

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.

Mortgages

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?
$315k
Tax billed · 2022
Assessed value$1.48M
Assessed land$333k
Assessed improvement$1.15M
Effective rate21.24%

Value estimate

· Sep 2026
$1.18M
$1.06M – $1.30M
Submarket $/SF estimate$9.66M
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$10k
Operating expenses−$8k
NOI · 804.61% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$135/SF
Submarket average, outlier-cleaned · 152 recorded sales of this use type
Observed band · Q1–Q3$51 – $278

Cap rate analysis

How does the asset earn?
804.61%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm28.3
Food Market19.1
Auto Repair Shop15.5

Location

2551 North Clark St Chicago, IL 60626
County assessor Recorded deeds · 5 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

3 recorded sales · 18 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
410 Diversey, Chicago, IL 60614 $15,500,000 Feb 2026 67,200 SF
2003 Clybourn, Chicago, IL 60614 $6,700,000 Jul 2022 26,800 SF
1642 Clark, Chicago, IL 60614 $5,500,000 Feb 2021 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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