Commercial > Retail
Sold
05/12/2005
Sold Price
$47,300,000$4,113/ft²
555 Michigan Ave
Chicago, IL 60611
- -Bed
- -Bath
- 11,500ft²Living Area
- 6,300ft²Lot Size
- -Pool
- -Car
- 1928Year Built
- -DOM
- 22Permits
555 Michigan Ave, Chicago, IL 60611 is a 11,500 ft² commercial retail property property built in 1928 on a 0.145 acre lot with 22 construction permits. This commercial retail property is currently off market, and it was last sold in 2005 for $47,300,000.
Permits
555 Michigan Ave has 22 permit records of total value of $3,554,627.
Permit History
22
Permits
$3,554,627
Total Permit Value
March 2, 2023
Description: Work to 3 story building: replace (40) window sash assemblies only & two entry/exit doors- all work same size & locationJob Value: $75,000Status: issuedType: Easy permit processBusiness Name: Crane Construction Company LApplicant: Stephen GrozingerFees: $350Effective Date: 2023-03-02Permit Number: 101006053
December 29, 2022
Description: Repair and replace roofJob Value: $1Status: issuedType: Easy permit processApplicant: Windy City Contracting/consultingFees: $225Effective Date: 2022-12-29Permit Number: 101000854
November 2, 2022
Description: Replace hoist and governor cables 2 victrolic shut off and pipe wire limit switch and repair governor sheaves on three(3) 3500lb capacity 4-floor 150fpm passenger( east west & center) elevators pursuant to the scope of work submitted.(118571)Job Value: $110,000Status: issuedType: Elevator equipmentBusiness Name: Thyssenkrupp Elevator; TK ElevatorApplicant: Cushman and WakefieldFees: $1,215Effective Date: 2022-11-02Permit Number: 100994915
October 5, 2022
Description: Replacement of traveling cable on one(1) 3500lb capacity 4-floor hydraulic passenger elevator(west) pursuant to the scope of work submitted.(118571)Job Value: $10,000Status: issuedType: Elevator equipmentBusiness Name: Thyssenkrupp Elevator; TK ElevatorApplicant: Cushman and WakefieldFees: $255Effective Date: 2022-10-05Permit Number: 100991350
August 18, 2022
Description: Self-cert 2019 cbrc: interior demolition to basement 1st floor 2nd floor 3rd floor and roof of existing commercial spaceJob Value: $665,368Status: issuedType: Renovation/alterationBusiness Name: Aplus Plumbing INC; Burnham Nationwide INC; Competitive Piping Systems; Redmond Construction CorpApplicant: 555 North Michigan Ave Associates, LLCFees: $8,053Effective Date: 2022-08-18Permit Number: 100981605
January 3, 2018
Description: 2017 fire service upgrade mandate on four (4) hydraulic passenger elevators; three (3) #1-#3 3500lb.cap 4-floors. #4 4500lb.cap 3-floors. To meet the requirements of section 18-30-2610 of the chicago building code. Purusant to the scope of work submitted.118571Job Value: $100,000Status: issuedType: Elevator equipmentBusiness Name: Schindler Elevator CorporationApplicant: Gap IncFees: $2,460Effective Date: 2018-01-03Permit Number: 100742169
August 18, 2017
Description: Install one internally illuminated wall sign on northwest corner of building over storefront entranceJob Value: $10,000Status: issuedType: SignsBusiness Name: Neon PrismApplicant: Julie ChludaFees: $250Effective Date: 2017-08-18Permit Number: 100639852
April 27, 2016
Description: Change of electrical contractor - original permit 100618432Job Value: $50Status: issuedType: Electric wiringBusiness Name: VOX Electric CompanyFees: $75Effective Date: 2016-04-27Permit Number: 100647107
December 23, 2015
Description: Self cert- storefront & vestibule renovations to existing gap store per plansJob Value: $268,000Status: issuedType: Renovation/alterationBusiness Name: Columbia Sheet Metal Works; Commercial Contractors INC; Great Lakes Electr Contr INCApplicant: Joni SokolFees: $425Effective Date: 2015-12-23Permit Number: 100618432
August 7, 2015
Description: Security alarmJob Value: $9,000Status: issuedType: Electric wiringBusiness Name: USA Security Systems INCFees: $150Effective Date: 2015-08-07Permit Number: 100608512
June 10, 2015
Description: Change gc to healy construction and vent contractor to columbia sheet metal for permit 100577390Job Value: $1Status: issuedType: Easy permit processBusiness Name: Chicago Building Consulting SE; Columbia Sheet Metal Works; Healy Construction Services IApplicant: Joni SokolFees: $100Effective Date: 2015-06-10Permit Number: 100599498
May 20, 2015
Description: Self-certifictaion: existing 3 story building 1 level basement below grade (retail). Proposed work: minor interior tenant improvement to ground level.approximately 8, 000 sf - conditional permit subject to field inspectionJob Value: $100,000Status: issuedType: Renovation/alterationBusiness Name: Commercial Contractors INC; D&T Electric INC; Prairie Piping INC; Quicksilver MechanicalApplicant: Joni SokolFees: $2,643Effective Date: 2015-05-20Permit Number: 100590634
February 5, 2015
Description: Existing 3 story building 1 level basement below grade (retail). Proposed work: minor interior tenant improvement to 3 levels 555 north michigan avenueJob Value: $1,033,843Status: issuedType: Renovation/alterationBusiness Name: Commercial Contractors INC; D&T Electric INC; Prairie Piping INC; Quicksilver MechanicalApplicant: Joni SokolFees: $11,189Effective Date: 2015-02-05Permit Number: 100577390
September 11, 2014
Description: Revision to permit # 100544771 to change the plumber of recrod to birk plumbingJob Value: $50Status: issuedType: Easy permit processBusiness Name: Birk Plumbing INC; Burnham Nationwide INC; Healy Construction Services IApplicant: Gap IncFees: $50Effective Date: 2014-09-11Permit Number: 100559849
August 29, 2014
Description: Interior tenant remodel of an existing mercantile (retail) space on floor 3 to new business occupancy space (offices). **self-certification project - conditional permit: subject to audit & field inspections**Job Value: $495,000Status: issuedType: Renovation/alterationBusiness Name: D&T Electric INC; Healy Construction Services I; Mechanical Concepts; Provancal Brothers CorpApplicant: Janet ReuterFees: $2,544Effective Date: 2014-08-29Permit Number: 100544771
July 28, 2014
Description: Revision to permit # 100540340 to change plumbing contractor to birk plumbing inc. & HVAC contractor to meechanical conceptsJob Value: $1Status: issuedType: Easy permit processBusiness Name: Birk Plumbing INC; Burnham Nationwide INC; Healy Construction Services I; Mechanical ConceptsApplicant: Julie ChludaFees: $100Effective Date: 2014-07-28Permit Number: 100552539
July 28, 2014
Description: Revision to permit 100540340 to change electrical contractor to d & t electric incJob Value: $110Status: issuedType: Electric wiringBusiness Name: Burnham Nationwide INC; D&T Electric INCFees: $50Effective Date: 2014-07-28Permit Number: 100552519
June 13, 2014
Description: Interior tenant improvement to all 4 levels for retail spacee of existing 3 story building per plans **self cert conditional permit: subject to field inspections **Job Value: $550,000Status: issuedType: Renovation/alterationBusiness Name: Brongiel Plumbing INC; Columbia Sheet Metal Works; Healy Construction Services I; Tessarolo Daniel LApplicant: Ronan McNameeFees: $11,189Effective Date: 2014-06-13Permit Number: 100540340
April 17, 2014
Description: Repairs to exit lighting pursuant to nov 513co376397Job Value: $4,500Status: issuedType: Electric wiringBusiness Name: Facility Solutions Group INCFees: $50Effective Date: 2014-04-17Permit Number: 100536642
April 16, 2014
Description: Replace hydraulic valves on (3) 3500# cap 4-stop passenger elevators (cars #1-3). (ap#118571)Job Value: $36,828Status: issuedType: Elevator equipmentBusiness Name: Thyssenkrupp Elevator; TK ElevatorApplicant: Gap IncFees: $510Effective Date: 2014-04-16Permit Number: 100535096
November 29, 2006
Description: Non-structural sales area modifications to the third floor. No mechanical or electrical or plumbing workJob Value: $66,875Status: issuedType: Renovation/alterationBusiness Name: Commercial Contractors INC; Tessarolo Daniel LApplicant: Daniel L TessaroloFees: $839Effective Date: 2006-11-29Permit Number: 100150753
October 6, 2006
Description: 12 signs at 18 x 8 8 signs at 10 x 4 6 signs at 8 x 3.5 (four day temporary installation from oct. 9th to oct. 12th 2006). All non-illuminated vinyl signsJob Value: $20,000Status: issuedType: Easy permit processApplicant: Paul ZurloFees: $2,556Effective Date: 2006-10-06Permit Number: 100141775
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$341,556.66From latest Total Assessed Value20.22%Total Assessed Value$1,689,438=Land+
Assessed Value$1,102,500Additions
Assessed Value$586,938
In 2021, taxes billed for 555 Michigan Ave were $341,556.66, which is 20.22% from latest Total Assessed Value of $1,689,438.
Property History
555 Michigan Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 555 Michigan Ave
Hazard Risks
Tornado201Wind157Hail142Particulates133Weather104Carb Mono103Nat'l Avg100Air Pollution100Ozone99Lead53Earthquake47Hurricane12
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 555 Michigan Ave.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
555 Michigan Ave has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
20°F
High
34°F
Summer
Average
Low
63°F
High
81°F
In the winter at 555 Michigan Ave, temperatures range from 20.11°F to 34.01°F with an average of 27.06°F. In the summer, the temperature ranges from 62.78°F to 80.75°F with and average of 71.77°F.
School Information
Public/private schools serving 555 Michigan Ave
Public Schools
Ogden Elementary School
Grades: KG-8
0.61 mi
D+
Wells Community Academy High School
Grades: 9-12
2.35 mi
F
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 555 Michigan Ave have ratings undefined, and undefined.
Neighborhood
This property is located in Near North Side, Chicago, IL 60611.
Seasonal Housing units 60611
45%of housing is for seasonal rent.
Daytime Population for 60611
+155%of people during work hours.
Boundary map of Near North Side.
Crime Index for 60611
176
176
The crime index in 60611 is 176, which is 1.8 times higher than national average.
Market Trends
Historical market data near 555 Michigan Ave over selected time period.
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