332 Michigan AveChicago, IL 60604

Property Details for 332 Michigan Ave

Year built

1877

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

5,582 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

17-10-300-018

APU

1710300018

Description

This exceptional Chicago office space at 332 S Michigan Ave offers a diverse range of flexible work solutions in Cook County, IL. The property caters to various business needs, providing traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. Tenants can choose from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, including executive suites with iconic city views. Coworking options include dedicated desks or hot-desking in shared areas. The location also boasts a comprehensive suite of meeting rooms, adaptable for various events, from informal chats to large conferences. Virtual office solutions are available, including prestigious business addresses, mail handling, and virtual assistant services. Flexible working plans offer access to a global network of workspaces, providing options for 5, 10, or unlimited days of access per month. This property is ideal for businesses seeking adaptable and inspiring work environments in a central Chicago location, with options ranging from small to large-scale office spaces. The building's precise square footage is currently unavailable.

• CAP approach

  CAP return

  Valuation

  6%

  $2,224,431

  6.5%

  $2,053,321

  7%

  $1,906,655

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,126,936

  Geo Method

  $1,126,936

• Alternative Use

  Use

  Valuation

  Residential

  $2,053,321

  Hospitality

  $1,880,831

  Educational

  $1,564,829

  Medical

  $1,618,646

  Retail

  $2,434,178

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8877

Longitude

-87.6249

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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