Salon-Built Retail
For Lease
$26.50 SF/Yr
1-2018 S Michigan Ave, Chicago, IL 60602
Street-level space includes private salon suites, two restrooms, and a kitchenette.
Space Size2,940 SF
Days on Market17
Property Features for 1-2018 S Michigan Ave
General Information
Standard status
Active
Size
2,940 SF
Net Rentable
2,940 SF
Space & Availability
Available Space
2,940 SF
Contiguous Space
2,940 SF
Floor
Ground
Space Use
Salon
Site & Location
Neighborhood
Loop
Taxes and HOA fees
Annual Taxes
$194,266
Amenities
private salon suites
restrooms
kitchenette
Listing Agency:
Volta Investments LLC
(312) 868-0600
Listed By:
Dominic Bertucci
(312) 972-1113
Source:
Exprealty
Added: Oct 8
Changed: Oct 23
Last Checked: Oct 23 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Volta Investments LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2018 S. Michigan Ave., this 2,940 SF street-level retail space is arranged for salon use. The layout includes 5+ private salon suites, two restrooms, and a kitchenette.
The property is in Chicago’s South Loop/Motor Row corridor. Its existing salon configuration may also suit beauty, wellness, boutique retail, or professional services uses.
The property is in Chicago’s South Loop/Motor Row corridor. Its existing salon configuration may also suit beauty, wellness, boutique retail, or professional services uses.
Key Highlights
- 2,940 SF of street‑level retail space
- Configured for salon use with 5+ private suites
- Includes two restrooms and a kitchenette
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.97 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
31,865
Businesses Nearby
117k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 55%
Shops & Services 23%
Apparel 12%
Dining 10%
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.3 miles
Sheraton Grand Chicago Riverwalk
Hotels & Casinos
28,646 visits/mo
0.5 miles
BP
Shops & Services
25,664 visits/mo
0.1 miles
Saks OFF 5TH
Apparel
13,751 visits/mo
0.3 miles
McDonald's
Dining
9,419 visits/mo
0.1 miles
Demographics for 60602, IL
1,261
Population
551
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
97%
High-School Grad
0.1 sq mi
ZIP Area
12,610
Density / Sq Mi
$123,047
Median Household Income
$43,500
Median Earnings
$2,775
Median Rent
$383,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Chicago, IL
$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,876 SF
Avg Space Size
This space is priced 5% above the average of $25.14 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Street-level space includes private salon suites, two restrooms, and a kitchenette.
Where is this retail space located?
The property is located at 1-2018 S Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $26.50 SF/Yr.
What are key features of this property?
This property features: 2,940 SF of street‑level retail space; Configured for salon use with 5+ private suites; Includes two restrooms and a kitchenette
