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    555 N Michigan Ave Chicago, IL 60611

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    Contact for pricing

    Single tenant retail space available on Magnificent Mile in Chicago.

    Property size:
    3,000 SF
    Lot size:
    0.31 Acres

    Property Features for 555 N Michigan Ave

    General Information

    Size
    3,000 SF
    Lot size
    0.31 Acres

    Source: CBRE | Chicago Agent Luke Molloy

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

    Overview

    Flagship Opportunity on Magnificent Mile

    This single-tenant retail opportunity is located on North Michigan Avenue. Available starting January 2023, the space is adjacent to the new Aritzia Global flagship store, scheduled to open in 2023. The entire building, including windows and facade, is available for branding purposes. The property features a dramatic two-story open entrance and an existing luxury retail build-out. A mezzanine level provides additional space for sales or private client experiences. The fully built-out lower level includes storage, back-of-house areas, offices, and an employee break room. Floors 3 through 5 can remain unused or be activated and utilized at the tenant's discretion. The property offers approximately 3,000 square feet of retail space.
    Insight Report Location Intelligence

    Current Use by Public Records

    Magic Hands Massage Therapist

    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
    -87.6237305
    Latitude
    41.8923653

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    FAQs

    What type of property is this?
    Retail space - Single tenant retail space available on Magnificent Mile in Chicago.
    Where is this retail space located?
    The property is located at 555 N Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: - Prime location on the Magnificent Mile.; - Branding opportunity with entire building, windows, and facade available.; - Adjacent to the new Aritzia Global flagship store (opening 2023).
    (312) 935-1400
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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
    555 N Michigan Ave Chicago, IL 60611
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