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Financial
Distress signals
Property profile

75 Wacker Dr Chicago, IL 60601

OFF-MARKET
Motels
Property ID
US28-2016194
182,600 SF 0.15 ac lot Built 1925
Last sale Aug 2000 · $3,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$1.48M
Tax billed · 2022
Assessed value$7.22M
Assessed land$890k
Assessed improvement$6.33M
Effective rate20.57%

Value estimate

· Oct 2026
$20.88M
$18.79M – $22.96M
CAP approach$21.14M
Submarket $/SF estimate$19.72M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$172/SF
Submarket average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$131 – $226

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
Laundromat15.8
Butcher8.7
Pet Grooming Service8.1

Location

75 Wacker Dr Chicago, IL 60601-3756
County assessor Recorded deeds · 5 transfers 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

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
225 Wabash, Chicago, IL 60601-2404 $22,136,000 Jan 2022 159,400 SF
1 Wacker, Chicago, IL 60601-1631 $26,500,000 Aug 2020 482,300 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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