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Retail Space Near CTA Station
For Lease
Contact for pricing

1250 S Michigan Ave, Chicago, IL 60605

Retail space just south of Roosevelt Rd and Michigan Ave, steps from a CTA station, with high daily vehicle traffic.

Space Size2,316 SF
Days on Market1265

Property Features for 1250 S Michigan Ave

General Information

Standard status Active
Size 2,316 SF
Property subtype RETAIL

Additional Details

Business Included No
Traffic Count 41,565 vehicles/day

Spaces For Lease

at 1250 S Michigan Ave Contact us

1250 S Michigan Ave

Size
2,316 SF
Type
RETAIL
Rate
Contact for pricing
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Just south of the intersection of Roosevelt Rd and the world-famous Michigan Ave. -...
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Listing Agency: Matanky Realty Group
Listed By: Scott Levinson · License #471018386
Source: Moodyscre
Added: Mar 9, 2023 Changed: Aug 8 Last Checked: Aug 24 at 1:22PM

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 Matanky Realty Group

Investment Insights

Based on property information with market context.

This retail space is located just south of the intersection of Roosevelt Rd and Michigan Ave. The property is positioned in an affluent, high-density area and benefits from proximity to multiple local groceries.

It is just steps from a CTA station and near major Chicago destinations including Grant Park, the Museum Campus, Soldier Field, and The Magnificent Mile. The area also shows strong roadway activity with 41,565 vehicles per day.

The property is offered for rent. Its current size is 2,316 square feet.

Key Highlights

  • Retail space just south of the intersection of Roosevelt Rd and Michigan Ave
  • Located steps from a CTA station
  • Near Grant Park, the Museum Campus, Soldier Field, and The Magnificent Mile

Property Analytics

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

41,565 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

4,739
Businesses Nearby
232k
Monthly Visits Nearby

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

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.66 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,377 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
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space just south of Roosevelt Rd and Michigan Ave, steps from a CTA station, with high daily vehicle traffic.
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: Retail space just south of the intersection of Roosevelt Rd and Michigan Ave; Located steps from a CTA station; Near Grant Park, the Museum Campus, Soldier Field, and The Magnificent Mile
(317) 501-0247 Call to check price and availability
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