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    Property profile & analytics

    555 Michigan Ave Chicago, IL 60611-3815

    • Retail space
    • 11,500 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-0118959
    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

    • Magic Hands / Massage Therapist

    Property Details for 555 Michigan Ave

    Year built
    1928
    Lot size
    0.14 lot acres
    Property size
    11,500 SF
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    17-10-122-001
    APU
    1710122001

    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
    -87.6237
    Latitude
    41.8924
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $349,167
    $1,102,500
    $586,937
    $1,689,437
    -
    $4,410,000
    $2,347,748
    $6,757,748

    Comparable in this City

    • Value Estimation by Request
      39,500 SF

      40 Walton St

      STORE, RETAIL OUTLET • 39,500 SF
      40 Walton St, Chicago, IL 60611
      View Details
    • Value Estimation by Request
      2,000 SF

      355 Illinois St

      Individual retail properties • 2,000 SF
      355 Illinois St, Chicago, IL 60611
      View Details
    • Value Estimation by Request
      11,400 SF

      11 Huron St

      STORE, RETAIL OUTLET • 11,400 SF
      11 Huron St, Chicago, IL 60611
      View Details
    • Value Estimation
      $1,655,000
      3,200 SF

      1035 Rush St

      STORE, RETAIL OUTLET • 3,200 SF
      1035 Rush St, Chicago, IL 60611
      View Details
    • Value Estimation
      $26,405,000
      9,700 SF

      1037 Rush St, Unit 43

      STORE, RETAIL OUTLET • 9,700 SF
      1037 Rush St, Chicago, IL 60611-1227
      View Details
    • Value Estimation
      $10,345,000
      4,800 SF

      615 Wabash Ave

      STORE, RETAIL OUTLET • 4,800 SF
      615 Wabash Ave, Chicago, IL 60611-2713
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Boutique Retail Space For Sale

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      8,800 SF

      Retail Building on Michigan Avenue

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      12 SF

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      49 SF

      River North Retail Development Opportunity

      Three-story retail development in Chicago's River North/Michigan Avenue trade area.
      100 E Ontario St, Chicago, IL 60611
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      209 SF

      Retail Space Adjacent to T.J.Maxx

      13,333 SF retail opportunity on Chicago's Magnificent Mile.
      600 N Michigan Ave, Chicago, IL 60611
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    • $2,750,000
      16,050 SF

      Chicago Retail Property For Sale

      Retail property with investment tenant and repositioning opportunity in Chicago.
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    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Prime Retail Space on Oak

      Single-tenant retail opportunity in Chicago's affluent Gold Coast neighborhood.
      116 E Oak St, Chicago, IL 60611
      View Details
    • Contact for pricing
      3,000 SF

      Flagship Opportunity on Magnificent Mile

      Single tenant retail space available on Magnificent Mile in Chicago.
      555 N Michigan Ave, Chicago, IL 60611
      View Details
    • Contact for pricing
      385 SF

      Retail Space in Gold Coast

      Prime retail space in a luxury apartment building.
      25 E Delaware Pl, Chicago, IL 60611
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      Gold Coast Retail Sublease Opportunity

      Prime retail space in Chicago's prestigious Gold Coast district.
      56 East Oak St, Chicago, IL 60611
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    • Contact for pricing
      1,010 SF

      Retail Space on East Oak

      Retail space available for lease in Chicago, Illinois.
      100-102 E Oak St, Chicago, IL 60611
      View Details
    • $106 SF/Yr

      Gold Coast Retail Space Available

      Second-generation retail space in Chicago's prestigious Gold Coast neighborhood.
      110 E Delaware Pl, Chicago, IL 60611
      View Details

    Property Visit Statistics

    • Visits by month
      15.0k
    • Visitors by month
      23.8k
    • Avg Time on site
      28 min
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    555 Michigan Ave
    Chicago, IL 60611-3815
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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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