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    3112 Indiana Ave Chicago, IL 60616

    • Commercial real estate
    • 24,182 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-5522066
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3112 Indiana Ave

    Property size
    24,182 SF
    Property type
    Commercial real estate
    APN
    17-34-102-045

    Description

    This exceptional 24,182 square foot office building, located at 3112 S Indiana Ave in Chicago, IL, presents a significant investment opportunity. Currently zoned B1-3 Neighborhood Shopping District, this property offers a versatile development potential. The building features 64 units and is priced at $1,700,000, translating to $70.30 per square foot. Its prime location in Cook County, zip code 60616, provides easy access to various amenities and transportation. The permitted zoning allows for a range of uses, including residential, mixed-use, retail, and office spaces, making it an ideal canvas for redevelopment or adaptive reuse. The property's substantial size and flexible zoning regulations make it an attractive prospect for investors seeking to capitalize on Chicago's dynamic real estate market. The APN is 17-34-102-045. This is a rare chance to acquire a large-scale property in a thriving neighborhood with significant upside potential. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.622338
    Latitude
    41.838073

    Comparable in this City

    • Contact for pricing
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      Versatile Commercial Space in South Loop

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      22,737 SF

      South Loop Mixed-Use Investment

      Chicago gem: high NOI, 100% occupied.
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      Versatile Commercial Space in South Loop

      Bright, open-concept commercial space in vibrant Chicago neighborhood.
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    • $3,900,000
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      Motor Row Mixed-Use Gem

      39,900 SF, Chicago Opportunity Zone
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      33,500 SF

      Motor Row Redevelopment Opportunity

      33,500 SF Flex Space, Chicago
      2221 Michigan Ave, Chicago, IL 60616
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      29,834 SF

      South Loop Mixed-Use Gem

      Historic building, prime location, high ceilings.
      2229 Michigan Ave, Chicago, IL 60616
      View Details
    • $325,000
      0.14 Acres

      Versatile Commercial Space in South Loop

      Bright, open-concept commercial space in a vibrant Chicago neighborhood.
      18 E Cullerton St, Chicago, IL 60616
      View Details
    • Contact for pricing
      22,737 SF

      South Loop Mixed-Use Investment

      Chicago gem: high NOI, 100% occupied.
      2210 Michigan Ave, Chicago, IL 60616
      View Details
    • $325,000
      0.14 Acres

      Versatile Commercial Space in South Loop

      Bright, open-concept commercial space in vibrant Chicago neighborhood.
      18 E Cullerton St, Chicago, IL 60616
      View Details
    • $3,900,000
      11,520 SF

      Motor Row Mixed-Use Gem

      39,900 SF, Chicago Opportunity Zone
      2241 Wabash Ave, Chicago, IL 60616
      View Details
    • Contact for pricing
      33,500 SF

      Motor Row Redevelopment Opportunity

      33,500 SF Flex Space, Chicago
      2221 Michigan Ave, Chicago, IL 60616
      View Details

    Similar Nearby for Lease

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      Motor Row Office Building

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      Prime South Loop Office Space

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    3112 Indiana Ave
    Chicago, IL 60616
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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