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Flagship Opportunity on Magnificent Mile
For Lease
Contact for pricing

555 N Michigan Ave, Chicago, IL

Single tenant retail space available on Magnificent Mile in Chicago.

Space Size1,500 SF - 3,000 SF
Lot Size0.31 Acres
Days on Market1309

Property Features for 555 N Michigan Ave

General Information

Standard status Active
Size 1,500 SF - 3,000 SF
Lot size 0.31 Acres
Property subtype RETAIL

Spaces For Lease

at 555 N Michigan Ave Contact us

555 N Michigan Ave

Floor
1
Size
3,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- One of a kind single tenant flagship opportunity on the mag mile - Available January...
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Contact us

555 N Michigan Ave

Floor
Lower
Size
3,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- One of a kind single tenant flagship opportunity on the mag mile - Available January...
show more
Contact us

555 N Michigan Ave

Floor
Mezzanine
Size
1,500 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- One of a kind single tenant flagship opportunity on the mag mile - Available January...
show more
Contact us
Listing Agency: CBRE | Chicago
Listed By: Luke Molloy
Source: Moodyscre
Added: Feb 8, 2023 Changed: Sep 4 Last Checked: Sep 8 at 6:21AM

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 CBRE | Chicago

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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).

Property Analytics

Current Use

Magic Hands Alternative Medicine Practice

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Tattoo & Piercing Shop Pet Grooming Service Buffet

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

30,068
Businesses Nearby
613k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 53% Apparel 22% Hotels & Casinos 19% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.2 miles
Starbucks Dining
132,317 visits/mo 0.1 miles
McDonald's Dining
65,567 visits/mo 0.4 miles
McDonald's Dining
52,443 visits/mo 0.4 miles
Fogo de Chao Dining
28,749 visits/mo 0.5 miles

Market

Lease Benchmarks for Chicago, IL

$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 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?
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) 935-1905 Call to check price and availability
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