Listing Agency: Matanky Realty Group Show Phone

Listed By: Scott Levinson Show Phone

Source: Moodyscre

Added: Jun 17, 2023 Changed: Jul 6 Last Checked: Jul 21 at 8:50AM

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Investment Insights

Based on property information with market context.

This retail space is located in an affluent, high-density area, steps from the CTA station and multiple local groceries. The location sees 41,565 vehicles per day and is just south of the intersection of Roosevelt Road and Michigan Avenue. Nearby are Grant Park, the museum campus, Soldier Field, and the Magnificent Mile. The property offers 1528 square feet of space.

Key Highlights

• Steps from CTA station
• Near Grant Park, Museum Campus, Soldier Field, and Magnificent Mile
• Affluent, high‑density area

Property Analytics

Property Profile

Current Use

Beth M. Elia, ... Physician Same Day Pest ... Garden Center Bank of America ATM Atm Jimmy John's Take-out & Catering Polish Me Nails ... Nail Salon

Suggested Use

Top Pick Butcher (Bike/Boat/Book/etc) Store Nursing Home Florist Carpet & Flooring Store Tanning Salon

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

4,739

Businesses Nearby

232k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Superstores 57% Groceries 20% Hotels & Casinos 10% Apparel 8%

Target Superstores

131,620 visits/mo 0.4 miles

Jewel-Osco Groceries

46,012 visits/mo 0.1 miles

H&M Apparel

18,041 visits/mo 0.5 miles

Renaissance Blackstone Hotel Hotels & Casinos

13,890 visits/mo 0.5 miles

Dunkin' Donuts Dining

7,724 visits/mo 0.4 miles

Market

Lease Benchmarks for Chicago, IL

$25.71 /SF/Yr

Avg Asking Price

$0.92–$80 /SF/Yr

Price Range

4,887 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

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space in high-density area near public transportation.

Where is this retail space located?

The property is located at 1250 S Michigan Ave Chicago, IL.

What are key features of this property?

This property features: Steps from CTA station; Near Grant Park, Museum Campus, Soldier Field, and Magnificent Mile; Affluent, high‑density area