Entity Owned Property summary
AI-generated overview
Riverfront restaurant space is located off Michigan Avenue at the north end of the Loop, at the intersection of Wacker Drive and Michigan Avenue, positioned at the base of the Club Quarters Hotel (75 East Wacker). The space is configured on a lower level and includes existing restaurant-related infrastructure. The building frontage provides room for sidewalk seating, and the property comprises approximately 1,860 square feet of interior area. The layout also allows for food and beverage service connected to the landlord’s meeting space, including event booking capability.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1925
Total area
182,600 SF
Lot
0.15 ac (6,470 SF)
APN
17-10-300-005
UPID
US28-2016194
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
-
Hotel & Motel
-
Heritage Building
-
Foster Care Service Social Service Agency
-
Community Center
-
Hotel & Motel
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.14M
Comparable Approach
Comparable
$19.72M
Blend (final)
Blend
$20.88M
Owner & transaction history
since 2018
5 recorded transactions
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$20.88M
Value range
$18.79M – $22.96M
±10% around blend
Estimated value / SF
$114 / SF
Confidence
Property data
88
Market benchmarks
67
Comparable evidence
60
$18.79M
blend $20.88M
$22.96M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
182,600 SF
Lot area
0.15 ac
Year built
1925
Stories
41
APN
17-10-300-005
Assessed value
$7,217,646
Annual tax
$1,484,542
3
Income approach: direct capitalization
Partial preview
Income approach indication
$21.14M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$22.90M
@ 6.5% CAP return
$21.14M
@ 7% CAP return
$19.63M
4
Sales comparison
Partial preview
Sales approach indication
$19.72M
Range $1.77M – $22.04M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$20.88M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 36 sales
$172
-34%
County 37 sales
$172
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $114/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.22M
Move the market yield to see immediate price impact.
Value / SF
$40
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$455k
$9.09M
$6.50M
$5.05M
$505k
$10.10M
$7.22M
$5.61M
$556k
$11.12M
$7.94M
$6.18M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$1,484,542
Tax year 2022
Assessed value
$7,217,646
Assessed 2022
Previous assessed
$3,658,022
+97.3% YoY
Effective rate
20.57%
On assessed value
Assessed land
$889,625
Assessed improvement
$6,328,021
Land market value
$3,558,500
Improvement market value
$25,312,084
Total market value
$28,870,584
Applied tax rate
76,015.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1925
Heating
NONE
Stories
41
Total area
182,600 SF
Lot
0.15 ac (6,470 SF)
APN
17-10-300-005
UPID
US28-2016194
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Stories
41
Lot
0.15 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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