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Michigan Avenue Retail Opportunity
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600 N Michigan, Chicago, IL

Prime retail spaces available on Magnificent Mile.

Space Size12,500 SF - 20,500 SF
Lot Size1.14 Acres
Days on Market581

Property Features for 600 N Michigan

General Information

Standard status Active
Size 12,500 SF - 20,500 SF
Lot size 1.14 Acres
Property subtype RETAIL

Spaces For Lease

at 600 N Michigan Contact us

600 N Michigan Ave AVAILABLE, Now

Floor 2
Size 20,500 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Rare 1,165 sf ground level storefront with 30’ frontage along michigan avenue - 20 million visitors to the magnificent mile® - 91,500 people reside within a 1 mile radius with a daytime population in excess of 400,000 in 1 mile - Prestigious magnificent mile address - 25,000+ hotel rooms - Over 40,000 pedestrians per day - 13,333 SF third level opportunity adjacent to t.j.maxx - 25,503 SF with 218’ window line exposure on michigan avenue
Contact us

600 N Michigan Ave AVAILABLE, Now

Floor 3
Size 12,500 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Rare 1,165 sf ground level storefront with 30’ frontage along michigan avenue - 20 million visitors to the magnificent mile® - 91,500 people reside within a 1 mile radius with a daytime population in excess of 400,000 in 1 mile - Prestigious magnificent mile address - 25,000+ hotel rooms - Over 40,000 pedestrians per day - 13,333 SF third level opportunity adjacent to t.j.maxx - 25,503 SF with 218’ window line exposure on michigan avenue
Contact us
Listing Agency: Mid-America Real Estate Group | Oakbrook Terrace
Listed By: Marget Graham
Source: Moodyscre
Added: Mar 20, 2025 Changed: Oct 14 Last Checked: Oct 20 at 11:33PM

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 Mid-America Real Estate Group | Oakbrook Terrace

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Investment Insights

Based on property information with market context.

This property offers a rare 1,165 square foot ground-level storefront with 30 feet of frontage along Michigan Avenue. Located on the prestigious Magnificent Mile, the area benefits from high foot traffic, with over 40,000 pedestrians per day and 20 million annual visitors. The location is supported by a dense local population, with 91,500 residents within a one-mile radius and a daytime population exceeding 400,000 within the same area. The area also boasts over 25,000 hotel rooms. Additionally, there is a 13,333 square foot opportunity on the third level adjacent to T.J. Maxx, as well as a 25,503 square foot space with a 218-foot window line exposure on Michigan Avenue.

Key Highlights

  • Prime location: Prestigious Magnificent Mile address.
  • High pedestrian traffic: Over 40,000 pedestrians per day.
  • Sizeable storefront: Rare 1,165 sf ground level storefront.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Restaurant Building Supply Spa & Massage Center

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

1,045
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 77% Dining 10% Home Improvements & Furnishings 8% Apparel 5%
Family Dollar Shops & Services
8,624 visits/mo 0.1 miles
Citgo Shops & Services
5,452 visits/mo 0.2 miles
Pepe's Mexican Restaurant Dining
2,032 visits/mo 0.3 miles
True Value Hardware Home Improvements & Furnishings
1,659 visits/mo 0.4 miles
O'Reilly Auto Parts Shops & Services
1,344 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Chicago, IL

$25.57 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
3,937 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?
Storefront property - Prime retail spaces available on Magnificent Mile.
Where is this storefront property located?
The property is located at 600 N Michigan Chicago, IL.
What are key features of this property?
This property features: Prime location: Prestigious Magnificent Mile address.; High pedestrian traffic: Over 40,000 pedestrians per day.; Sizeable storefront: Rare 1,165 sf ground level storefront.
(630) 954-7307 Call to check price and availability
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