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    840 N Michigan Ave Chicago, IL 60611

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    For Lease
    Contact for pricing

    Prime retail location in Chicago's Magnificent Mile district.

    Property size:
    87,135 SF
    Lot size:
    0.48 Acres

    Property Features for 840 N Michigan Ave

    General Information

    Size
    87,135 SF
    Lot size
    0.48 Acres

    Source: Acadia Realty Trust - Corporate Agent Brian Nitzberg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on Magnificent Mile

    The property at 840 North Michigan Avenue is located between East Chestnut and East Pearson Streets, in the Magnificent Mile district of Chicago. This mixed-use area is in the heart of Chicago’s Gold Coast, surrounded by international luxury retailers. The property has a size of 87135 square feet. Current tenants include Mango and AloYoga. The neighborhood also features landmark hotels such as The Waldorf Astoria Chicago, The Four Seasons Hotel Chicago, and the Park Hyatt Chicago.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    H&M HOME Home Goods Store H&M Clothing Store Verizon Business Services Business To Business Service MAI-Ree's Boutique Women'S Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6246688
    Latitude
    41.8981313

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    FAQs

    What type of property is this?
    Retail space - Prime retail location in Chicago's Magnificent Mile district.
    Where is this retail space located?
    The property is located at 840 N Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: - Located on Chicago's Magnificent Mile.; - Situated in the heart of Chicago's Gold Coast.; - Surrounded by international luxury retailers.
    (800) 227-5570
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    840 N Michigan Ave Chicago, IL 60611
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