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    717 N Michigan Ave Chicago, IL 60611

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    For Lease
    Contact for pricing

    Prime retail space on Chicago's Magnificent Mile.

    Property size:
    61,612 SF
    Lot size:
    0.76 Acres

    Property Features for 717 N Michigan Ave

    General Information

    Size
    61,612 SF
    Lot size
    0.76 Acres

    Source: Acadia Realty Trust - Corporate Agent Brian Nitzberg

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

    Overview

    Magnificent Mile Retail Opportunity

    Located in the heart of Chicago’s Magnificent Mile, 717 North Michigan Avenue is positioned between Superior and Huron Streets. This property is situated within an unparalleled, mixed-use district in the Gold Coast neighborhood. The Magnificent Mile Portfolio is surrounded by international luxury retailers. Current tenants include Mango and AloYoga. The area also features landmark hotels such as The Waldorf Astoria Chicago, The Four Seasons Hotel Chicago, and the Park Hyatt Chicago. The property offers 61612 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alo Clothing Store מלון שיקגו Hotel IT'SUGAR Michigan Avenue Candy Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.62373
    Latitude
    41.8955085

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    FAQs

    What type of property is this?
    Retail space - Prime retail space on Chicago's Magnificent Mile.
    Where is this retail space located?
    The property is located at 717 N Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: - Located on Chicago's Magnificent Mile.; - Positioned in the heart of the 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
    717 N Michigan Ave Chicago, IL 60611
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