Financial
Distress signals
Property profile

500 Michigan Ave Chicago, IL 60611

OFF-MARKET
Office buildings
Property ID
US28-3138240
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$34k
Tax billed · 2022
Assessed value$164k
Assessed land$12k
Assessed improvement$152k
Effective rate20.67%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.6
Pet Grooming Service9.2
Assisted Living Facility7.5

Location

500 Michigan Ave Chicago, IL 60611-3777
County assessor Recorded deeds · not on file 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

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 Michigan, Chicago, IL 60611-4255 $111,300,000 Jan 2026 N/A
200 Ohio, Chicago, IL 60611-7269 $4,800,000 Jan 2025 28,400 SF
150 Ohio, Chicago, IL 60611 $47,000,000 Aug 2024 73,800 SF
154 Ohio, Chicago, IL 60611 $47,000,000 Aug 2024 73,800 SF
148 Ohio, Chicago, IL 60611 $47,000,000 May 2024 73,800 SF
909 Michigan, Chicago, IL 60611-1935 $27,300,000 Mar 2023 515,600 SF
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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