Property profile

33 Delaware Pl Chicago, IL 60610

OFF-MARKET
Retail space
Property ID
US28-0138210
0.41 ac lot Built 1982
Entity Owned 13-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1982
Lot 0.41 ac (17,924 SF)
APN 17-04-442-058
UPID US28-0138210

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
  • Physician
  • Apartment Building Condominium Complex
  • Kennel & Boarding Facility
  • Advertising Agency Marketing & Advertising

Location

33 Delaware Pl Chicago, IL 60610-8115
Chicago metro Census 81100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2013
4 recorded transactions
2013
Price N/A
2011
Price N/A
2009
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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