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Prestigious Office Space on Magnificent Mile
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737 North Michigan Avenue, Chicago, IL 60611

Class A office space on Chicago's Magnificent Mile.

Space SizeContact for details
Days on Market152

Property Features for 737 North Michigan Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Chicago
Listed By: Michael Kazmierczak
Source: Cbre
Added: Mar 25 Changed: Aug 21 Last Checked: Aug 22 at 11:21AM

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.

Located on the Magnificent Mile, 737 North Michigan is a corporate environment designed by Skidmore Owings and Merrill. The building features a curved exterior and clad granite panels that taper as they ascend, along with floor-to-ceiling windows offering city views. This Class A office space consists of 335,000 square feet, and also includes Neiman Marcus, luxury condominiums, and a 435-car underground parking facility. The renovated lobby features limestone floors, eucalyptus wood veneered panels, and energy-efficient lighting. The location provides access to hotels, spas, restaurants, stores, and healthcare facilities. Vehicular traffic benefits from the building’s parking garage and access to I-90/94 and Lake Shore Drive. CTA bus routes along Michigan Avenue and the CTA Red Line stop on Chicago Avenue provide public transportation options.

Key Highlights

  • Prestigious Magnificent Mile location with superior access to hotels, restaurants, stores, spas, and healthcare.
  • Class A office space in a uniquely designed building by Skidmore Owings and Merrill.
  • Dramatic city views from floor‑to‑ceiling windows.

Property Analytics

Current Use

Ralph Cooper Jr. ... Real Estate Agency Northwestern Memorial Hospital Medical Clinic Pediatric Dental Health ... Dental Office Dr. Marilia J. ... Dental Office Dr. Ken Kromash, ... Dental Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Pet Grooming Service 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

Demographics for 60611, IL

38,456
Population
28,239
Households
1.4
Avg Household Size
39
Median Age
88%
College-Educated
99%
High-School Grad
0.8 sq mi
ZIP Area
48,070
Density / Sq Mi
$124,621
Median Household Income
$92,917
Median Earnings
$2,416
Median Rent
$608,200
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$18.64 /SF/Yr
Avg Asking Price
$11–$32.5 /SF/Yr
Price Range
44,505 SF
Avg Space Size

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Class A office space on Chicago's Magnificent Mile.
Where is this office building located?
The property is located at 737 North Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: Prestigious Magnificent Mile location with superior access to hotels, restaurants, stores, spas, and healthcare.; Class A office space in a uniquely designed building by Skidmore Owings and Merrill.; Dramatic city views from floor‑to‑ceiling windows.
More about this property
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