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Prime Retail Space on Michigan
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730 N Michigan Ave, Chicago, IL

Retail space available in landmark building near Magnificent Mile.

Space Size2,071 SF - 16,000 SF
Lot Size2.86 Acres
Days on Market881

Property Features for 730 N Michigan Ave

General Information

Standard status Active
Size 2,071 SF - 16,000 SF
Lot size 2.86 Acres
Property subtype RETAIL

Site & Location

Neighborhood Magnificent Mile

Spaces For Lease

at 730 N Michigan Ave Contact us

730 N Michigan Ave AVAILABLE, Now

Floor 1
Size 2,071 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Now available for lease, retail located at 113 E Chicago Ave Chicago, Illinois 60611. - Retail space available for lease at the base of the landmark The Peninsula Building with 18,071 SF of retail space on two levels - Ideally located at the corner of Michigan Avenue & Chicago Avenue, surrounded by tenants such as Anthropologie, Tiffany & Co, Ralph Lauren, Banana Republic, Lush & Nordstrom Rack - Just steps off the Mag Mile, which draws over 57 million visitors annually - Please contact us for further information.
Contact us

730 N Michigan Ave AVAILABLE, Now

Floor 2
Size 16,000 SF
Type RETAIL
Rate Contact for pricing
Sublease No
- Now available for lease, retail located at 113 E Chicago Ave Chicago, Illinois 60611. - Retail space available for lease at the base of the landmark The Peninsula Building with 18,071 SF of retail space on two levels - Ideally located at the corner of Michigan Avenue & Chicago Avenue, surrounded by tenants such as Anthropologie, Tiffany & Co, Ralph Lauren, Banana Republic, Lush & Nordstrom Rack - Just steps off the Mag Mile, which draws over 57 million visitors annually - Please contact us for further information.
Contact us
Listing Agency: JLL - Corporate
Listed By: Peter Caruso · License #475144084
Source: Moodyscre
Added: May 27, 2024 Changed: Oct 9 Last Checked: Oct 24 at 7:46PM

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 JLL - Corporate

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Investment Insights

Based on property information with market context.

Available for lease is a retail space located at 113 E Chicago Ave, Chicago, Illinois. The retail space is situated at the base of The Peninsula Building, a landmark structure. The property offers 18,071 square feet of retail space across two levels. The location is at the corner of Michigan Avenue and Chicago Avenue, surrounded by tenants such as Anthropologie, Tiffany & Co, Ralph Lauren, Banana Republic, Lush, and Nordstrom Rack. The property is located steps from the Mag Mile, which attracts over 57 million visitors annually. The available space is 2,071 square feet.

Key Highlights

  • Prime location at the corner of Michigan Avenue & Chicago Avenue.
  • Located at the base of the landmark The Peninsula Building.
  • 18,071 SF of retail space on two levels.

Property Analytics

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Current Use

Tiffany & Co. (Bike/Boat/Book/etc) Store Cash App Bank The Artistry of Brian T. ... Artist Interior Designer Chicago ... Interior Design

Suggested Use

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

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

24,227
Businesses Nearby
596k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 54% Apparel 25% Hotels & Casinos 16% Shops & Services 5%
Nordstrom Apparel
136,729 visits/mo 0.3 miles
Starbucks Dining
132,317 visits/mo 0.1 miles
McDonald's Dining
65,567 visits/mo 0.5 miles
McDonald's Dining
52,443 visits/mo 0.3 miles
Fogo de Chao Dining
28,749 visits/mo 0.5 miles
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,876 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

Frequently Asked Questions

What type of property is this?
Retail space - Retail space available in landmark building near Magnificent Mile.
Where is this retail space located?
The property is located at 730 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Prime location at the corner of Michigan Avenue & Chicago Avenue.; Located at the base of the landmark The Peninsula Building.; 18,071 SF of retail space on two levels.
(312) 228-2926 Call to check price and availability
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