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    200-250 N Michigan Ave Chicago, IL 60604

    For Lease
    Contact for pricing

    Restaurant space with high tourist and office foot traffic.

    Property size:
    3,650 SF
    Lot size:
    0.43 Acres

    Property Features for 200-250 N Michigan Ave

    General Information

    Size
    3,650 SF
    Lot size
    0.43 Acres

    Source: JLL - Corporate Agent Peter Caruso

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

    Overview

    Restaurant Opportunity on Michigan Avenue

    This restaurant opportunity is located on North Michigan Avenue and offers access to a substantial tourist population of 26 million people traveling between Millennium Park and North Michigan Avenue. It also benefits from a vibrant and growing weekday office population, presenting a consumer base seeking quality Chicago food experiences. The property offers 3,650 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Realty agency Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Building Supply Daycare Center Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    A Tale of Two Chefs, Alonti Catering Kitchen, LM Catering & Events, Melissa's Pal Crepes, Chartwells

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6249222
    Latitude
    41.8793158

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space with high tourist and office foot traffic.
    Where is this restaurant located?
    The property is located at 200-250 N Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: - High foot traffic location.; - Restaurant opportunity.; - Access to 26 million tourists traveling between Millennium Park and north Michigan Avenue.
    (312) 782-5800
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    Chicago, IL 60604
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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
    200-250 N Michigan Ave Chicago, IL 60604
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