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    2135 S Michigan Ave Chicago, IL 60616

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    For Lease
    $25 SF/Yr ($7,006 /Mo)

    Second-generation fitness space in a prominent location.

    Property size:
    3,363 SF
    Lot size:
    1.11 Acres

    Property Features for 2135 S Michigan Ave

    General Information

    Size
    3,363 SF
    Lot size
    1.11 Acres

    Source: SVN | Chicago Agent Wayne Caplan

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

    Overview

    Fitness Space in Luxury Building

    Located on the ground floor of Arrive Lex, a 333-unit luxury apartment building, this is an approximately 3363 square feet second-generation fitness space. The property benefits from a prominent location with over 40 feet of frontage on Cermak Road. It is ideally situated across from Chicago's McCormick Place, the 10,000-seat Wintrust arena, and the 1,200-room Marriott Marquis Hotel. McCormick Place attracts over 3 million annual visitors. Other existing tenants in the building include South Loop Market, Lerner & Rowe Attorneys, Subway, and IL Culaccino Restaurant. A public parking garage is available on-site. The property is also located two blocks from a new CTA Green Line train station. Additional immediate area tenants include Starbucks and Fatpour Tavern.
    Location Intelligence

    Current Use by Public Records

    Woosh Wash House Cleaning Service South Loop Market ... Grocery Store

    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
    -87.623765
    Latitude
    41.853806

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    FAQs

    What type of property is this?
    Retail space - Second-generation fitness space in a prominent location.
    Where is this retail space located?
    The property is located at 2135 S Michigan Ave Chicago, IL.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prominent location across from McCormick Place, Wintrust Arena, and Marriott Marquis Hotel.; - High-traffic area with over 3 million annual visitors to McCormick Place.; - Ground floor location within a 333-unit luxury apartment building (Arrive Lex).
    (312) 676-1866
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    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
    2135 S Michigan Ave Chicago, IL 60616
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