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Small Shop Retail Space
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444 N Michigan Ave, Chicago, IL 60611

Ground floor reconfiguration offers flexible small-shop retail with extensive street frontage along a premier Chicago avenue.

Property Size8,671 SF
Days on Market932

Property Features for 444 N Michigan Ave

General Information

Standard status Active
Size 8,671 SF
Property subtype OFFICE

Space & Availability

Floor Ground
Space Use Retail

Additional Details

Frontage 80 ft

Building Details

Building Size 518,000 SF
Listing Agency: Transwestern | Chicago
Listed By: John Nelson
Source: Moodyscre
Added: Jan 12, 2024 Changed: Jul 30 Last Checked: Aug 1 at 11:32AM

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 Transwestern | Chicago

Investment Insights

Based on property information with market context.

444 N Michigan Ave offers small shop flagship retail opportunities with multiple configurations available. The ground floor is being reconfigured to provide up to 6,763 SF of flexible retail space fronting the Magnificent Mile.

Located at the base of a 518K SF+ Class A office tower, the space provides over 80 feet of frontage designed to support tenant-branded storefronts. The building sits on Michigan Avenue, drawing a mix of tourists and visitors from the south, office workers, and local residents from the east and west, along with the steady shopping population associated with the avenue.

Ideal for retailers looking for a prominent presence on a high-traffic, branded retail corridor, 444 N Michigan Avenue is positioned to capture consumer demand from one of Chicago’s best-known streets.

Key Highlights

  • Up to 6,763 SF flexible retail space available on the ground floor
  • Over 80 feet of frontage for tenant‑branded storefronts
  • Ground floor reconfigured for multiple retail configurations

Property Analytics

Current Use

Urban East Realty Real Estate Agency American Dental Hygienists' ... Denture Care Center Applus Technologies Auto Repair Shop Hull Law Group ... Law Firm Riskturn Inc. (Bike/Boat/Book/etc) Store

Suggested Use

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

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

34,739
Businesses Nearby
592k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 47% Hotels & Casinos 25% Apparel 23% Shops & Services 5%
Nordstrom Apparel
136,729 visits/mo 0.2 miles
Starbucks Dining
132,317 visits/mo 0.2 miles
McDonald's Dining
65,567 visits/mo 0.4 miles
McDonald's Dining
52,443 visits/mo 0.5 miles
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.4 miles

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

$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
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Frequently Asked Questions

What type of property is this?
Retail space - Ground floor reconfiguration offers flexible small-shop retail with extensive street frontage along a premier Chicago avenue.
Where is this retail space located?
The property is located at 444 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Up to 6,763 SF flexible retail space available on the ground floor; Over 80 feet of frontage for tenant‑branded storefronts; Ground floor reconfigured for multiple retail configurations
(312) 257-2892 Call to check price and availability
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