717 N Michigan Ave Chicago, IL 60611
Property profile & analytics
717 N Michigan Ave Chicago, IL 60611
- Office buildings
- 62,200 SF
- 0.38 lot acres
Property ID
US28-0305816
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.
Location Intelligence
Current Use by Public Records
- Alo / Clothing Store
- מלון שיקגו / Hotel & Motel
- IT'SUGAR Michigan Avenue / Specialty Food Shop / Candy Store
Property Details for 717 N Michigan Ave
- Year built
- 1970
- Lot size
- 0.38 lot acres
- Property size
- 62,200 SF
- Property type
- Office buildings
- APN
- 17-10-106-001
- APU
- 1710106001
Description
717 N Michigan Avenue presents a unique retail investment opportunity in the heart of Chicago's Magnificent Mile, between Superior and Huron Streets. This prime location boasts a total of 95,322 square feet across 10 suites, offering exceptional flexibility for various retail concepts. Currently, 61,778 square feet are available, with spaces ranging from a minimum of 412 square feet to a maximum contiguous space of 15,394 square feet. The building's prestigious address places it within the Gold Coast neighborhood, surrounded by luxury retailers, high-end hotels, and significant foot traffic. Current tenants include established brands like Mango and AloYoga, demonstrating the location's appeal and strong tenant base. The property's strategic placement within this unparalleled mixed-use district provides unparalleled visibility and access to a high-density population of affluent consumers. This is an exceptional chance to secure a presence in one of Chicago's most coveted retail destinations. The property is located in Cook County, Illinois, with a zip code of 60611. The building's address is 717 N Michigan Ave, Chicago, IL. This is a multiple tenancy property, ideal for a variety of retail businesses seeking a high-profile location.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $8,375,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $14,870,000 Change: +78% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $10,700,000 Change: +28% Conversion: Easy
- AUTO REPAIR, GARAGE
- $7,450,000 Change: -11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6237
- Latitude
- 41.8955
- 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
$1,170,584
$2,452,500
$3,211,350
$5,663,850
-
$9,810,000
$12,845,400
$22,655,400
