Financial
Distress signals
Property profile

717 North Michigan Ave Chicago, IL 60611

FOR LEASE
Office buildings
Property ID
US28-0305816
62,200 SF 0.38 ac lot Built 1970
Last sale Aug 2001 · $12,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

717 North Michigan Avenue is a mixed-use property located on Chicago’s Magnificent Mile, between Superior Street and Huron Street in the Gold Coast neighborhood. The building is configured to provide approximately 61,612 square feet of retail space, with surrounding neighborhood context that includes major hotels such as The Waldorf Astoria Chicago, The Four Seasons Hotel Chicago, and the Park Hyatt Chicago.

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?
$1.17M
Tax billed · 2022
Assessed value$5.66M
Assessed land$2.45M
Assessed improvement$3.21M
Effective rate20.67%

Value estimate

· Sep 2026
$11.12M
$10.00M – $12.23M

Realmo valuation models over county records and 3 qualifying comparable sales.

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
Qualifying comparables3

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
Laundromat14.1
Butcher9.3
Pet Grooming Service7.8

Location

717 North Michigan Ave Chicago, IL 60611
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales 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
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
161 Chicago, Chicago, IL 60611-2602 $94,000,000 Apr 2022 132,600 SF
737 Michigan, Chicago, IL 60611-2615 $94,000,000 Apr 2022 132,600 SF
232 Ohio, Chicago, IL 60611-3217 $5,900,000 Jul 2021 28,700 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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