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Retail Space on Michigan Avenue
For Lease
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444 North Michigan Avenue, Chicago, IL 60611

Rare small-shop opportunity on Chicago's Magnificent Mile.

Space SizeContact for details
Days on Market275

Property Features for 444 North Michigan Avenue

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Chicago
Listed By: Todd Siegel
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:57AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

This retail space at 444 North Michigan Avenue offers a rare small-shop opportunity. The site encompasses 3,052 square feet and features a three-story facade. Situated on the southern portion of Michigan Avenue, the location benefits from tourism-driven traffic. Its proximity to Millennium Park and Maggie Daley Park allows it to draw from nearly 6 million annual park visitors.

Key Highlights

  • Rare small‑shop opportunity on North Michigan Avenue.
  • High foot traffic due to location on Michigan Avenue.
  • Proximity to Millennium Park and Maggie Daley Park.

Property Analytics

Current Use

Urban East Realty Real Estate Agency American Dental Hygienists' ... Association / Organization Applus Technologies Auto Repair Shop Hull Law Group ... Law Firm Riskturn Inc. (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Butcher Buffet Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

34,739
Businesses Nearby
592k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Hotels & Casinos 25% Apparel 23% Shops & Services 5%
Nordstrom Apparel
136,729 visits/mo 0.2 miles
Starbucks Dining
132,317 visits/mo 0.2 miles
McDonald's Dining
65,567 visits/mo 0.4 miles
McDonald's Dining
52,443 visits/mo 0.5 miles
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.4 miles

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Rare small-shop opportunity on Chicago's Magnificent Mile.
Where is this retail space located?
The property is located at 444 North Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: Rare small‑shop opportunity on North Michigan Avenue.; High foot traffic due to location on Michigan Avenue.; Proximity to Millennium Park and Maggie Daley Park.
More about this property
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