Multi-Tenant Storefront
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For Sale
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1250 & 1400 South Michigan Avenue, Chicago, IL 60605
Two retail buildings combine occupied storefronts with a vacant suite for lease-up.
Property Size9,217 SF
Days on Market2
Property Features for 1250 & 1400 South Michigan Avenue
General Information
Standard status
Active
Size
9,217 SF
Total Parking Spaces
30
Property subtype
Retail
Occupancy
88%
Net Operating Income
$584,372
Building Details
Building Size
9,217 SF
Year Built
2006
Buildings
2
Tenancy
Multi
Listing Agency:
Frontline Real Estate Partners, LLC
Listed By:
Matthew Tarshis · License #471022713
(847) 542-9058
Source:
Frontlinerepartners
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:53AM
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 Frontline Real Estate Partners, LLC
Investment Insights
Based on property information with market context.
The portfolio includes two storefront properties at 1250 and 1400 South Michigan Avenue, totaling 17,477 square feet. Six retail suites at 1250 account for 9,217 square feet and include Jimmy John’s, Luxura Med Spa, Chi Tiva, Polish Me Nails & Spa, and June 1250 Dry Cleaners. A 2,092-square-foot space is vacant. The 1400 property is fully leased to Chicago Waffles, Go Grocer, and Mikami Restaurant on triple-net leases, with two communication leases also generating income. The buildings were constructed in 2006 and are 88% leased overall.
The properties are one block apart and have frontage along Michigan Avenue. The surrounding area has more than 54,000 residents and an average household income of $158,000 within one mile. The offering also includes 26 full parking spaces and four tandem spaces in a covered garage. The 78, a development under construction approximately one-half block west, is planned to include a 22,000-seat stadium and is scheduled to open in 2028.
The properties are one block apart and have frontage along Michigan Avenue. The surrounding area has more than 54,000 residents and an average household income of $158,000 within one mile. The offering also includes 26 full parking spaces and four tandem spaces in a covered garage. The 78, a development under construction approximately one-half block west, is planned to include a 22,000-seat stadium and is scheduled to open in 2028.
Key Highlights
- 17,477 square feet across two storefront properties
- 88% leased overall, with a 2,092‑square‑foot vacant space
- Six retail units at 1250 South Michigan Avenue total 9,217 square feet
Property Analytics
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Open Analytics
Current Use
Lease Details
88%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,739
Businesses Nearby
232k
Monthly Visits Nearby
Under-served
Demand for This Use
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
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
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Market
Vacancy Rate% for Retail in Chicago, IL
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Similar Off Market Nearby
- THRNZ — 1449 S Michigan Ave, Chicago, IL 60605
Frequently Asked Questions
What type of property is this?
Storefront property - Two retail buildings combine occupied storefronts with a vacant suite for lease-up.
Where is this storefront property located?
The property is located at 1250 & 1400 South Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: 17,477 square feet across two storefront properties; 88% leased overall, with a 2,092‑square‑foot vacant space; Six retail units at 1250 South Michigan Avenue total 9,217 square feet
