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    1700 S Michigan Ave Chicago, IL 60616

    For Lease
    $19 SF/Yr ($5,145 /Mo)

    Equipped office space with private offices, restrooms, and furnishings.

    Property size:
    3,250 SF
    Lot size:
    0.12 Acres

    Property Features for 1700 S Michigan Ave

    General Information

    Size
    3,250 SF
    Lot size
    0.12 Acres

    Source: CRE Advising Agent Steve Horvath

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

    Overview

    Office Space with Modern Amenities

    This built-out office space features finished walls and lighting, four private offices, a large bullpen area, and a conference room. It includes a kitchen equipped with two refrigerators and three contemporary restrooms with showers. The private offices have built-in closets and restrooms with showers. The space is semi-furnished, including a Macy’s grey suede sofa with chaise lounge, a break table, chairs, and other furnishings. Public transportation is conveniently located nearby, with buses arriving every seven minutes. Parking is available in an open lot for a discounted monthly fee. Comcast is available at the property. The property is located at 1700 S Michigan Ave, Chicago, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Casa Tulum Mexican Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency 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
    -87.6244433
    Latitude
    41.8589425

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    FAQs

    What type of property is this?
    Office space - Equipped office space with private offices, restrooms, and furnishings.
    Where is this office space located?
    The property is located at 1700 S Michigan Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Fully built-out space with **private offices, large bullpen area, conference room, and kitchen**; - Private offices with **built-in closets and restrooms with showers**; - Convenient public transportation with frequent bus service
    (312) 448-6401
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    1700 S Michigan Ave Chicago, IL 60616
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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
    1700 S Michigan Ave Chicago, IL 60616
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