Bidding on a multitenant retail 5 storefrons, land value too high

[Atul Mohlajee]

Bidding on a multitenant 5 store fronts building in Chicago (Built up area 6375 sq ft, total land area is 9750 sq ft) .  Received sales package from seller's realtor.  Asking price is $80/sq feet for the building while land value is listed at $56/square foot.  Is that normal/correct?  Land value seems too high in commercial while land value is at a very low percentage in residential in comparison to building on the land.

Please respond.  Putting a bid soon.