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Second-Floor Retail or Restaurant
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324-328 North Michigan Avenue, Chicago, IL 60601

Two second-generation spaces offer elevator and escalator access, plus signage opportunities and restaurant hood with basement storage.

Days on Market8

Property Features for 324-328 North Michigan Avenue

General Information

Standard status Active
Property subtype Retail

Additional Details

Commercial Hood Yes

Amenities

ground-floor entry
elevator access
escalator access
signage opportunities
basement storage

Building Details

Tenancy Multi
Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Lara Keene · License #475144046
Source: Midamericagrp
Added: Jul 24 Changed: Jul 25 Last Checked: Jul 30 at 3:39AM

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 Mid-America Real Estate Group | Chicago

Investment Insights

Based on property information with market context.

The property offers two second-generation spaces on the second floor. Space A is currently occupied by ATI Physical Therapy and is suited for retail or office use, with delivery available on a flexible date. The premises includes ground-floor entry, with elevator and escalator access, along with highly visible signage opportunities.

Space B is a second-generation restaurant space and includes an existing Type I black-iron hood. Additional basement storage space is available at no additional cost to the tenant.

The building is situated on Chicago’s “Cultural Mile” between the Chicago River and Millennium Park, surrounded by tourist and cultural attractions, as well as universities to the south and hotel, office, and residential density in all directions.

Key Highlights

  • Two second‑generation spaces available on Chicago’s Cultural Mile, between the Chicago River and Millennium Park
  • Space A: second‑floor retail or office currently occupied by ATI Physical Therapy; flexible delivery date
  • Space A includes ground‑floor entry plus elevator and escalator access, with highly‑visible signage opportunities

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Buffet Pet Grooming Service Adult Day Care 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

Multi-tenant
Tenancy
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

31,865
Businesses Nearby

Demographics for 60601, IL

15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
Median Home Value

Market

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?
Retail space - Two second-generation spaces offer elevator and escalator access, plus signage opportunities and restaurant hood with basement storage.
Where is this retail space located?
The property is located at 324-328 North Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: Two second‑generation spaces available on Chicago’s Cultural Mile, between the Chicago River and Millennium Park; Space A: second‑floor retail or office currently occupied by ATI Physical Therapy; flexible delivery date; Space A includes ground‑floor entry plus elevator and escalator access, with highly‑visible signage opportunities
More about this property
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