Property summary
The property is a designated third-floor parking space within a mixed-use condominium building completed in 1984. The space measures approximately 8 feet 6 inches in width by 14 feet in length and is equipped with three sprinkler heads located above the space, as well as surveillance cameras. Access to the parking area is through a secure commercial entrance on the west side of the building, where offices and retail businesses are located, and it is reached via the building’s construction elevator (plate glass window visible on the west side). The building’s east portion is residential, with 24/7 doorman service and security surveillance systems, while the west side includes dedicated entrances for commercial uses and a garage entry/exit from Dearborn. The building is located about one block east of State Street, with Michigan Avenue (the Magnificent Mile) approximately two blocks to the west, and the structure includes 185 residential units and 116 parking spaces. The garage configuration is set up for controlled, built-in parking and can accommodate an electric vehicle service system if added.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Physician
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Apartment Building Condominium Complex
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Kennel & Boarding Facility
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Advertising Agency Marketing & Advertising
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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