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Flagship Storefront Retail Space
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444 N Michigan Ave, Chicago, IL 60611

Reconfigured ground-floor storefront space with flexible layouts and prominent frontage on the Magnificent Mile.

Property Size4,007 SF
Days on Market1271

Property Features for 444 N Michigan Ave

General Information

Standard status Active
Size 4,007 SF
Property subtype OFFICE

Space & Availability

Floor Ground
Space Use Retail

Amenities

tenant branded storefronts
Listing Agency: Transwestern | Chicago
Listed By: John Nelson
Source: Moodyscre
Added: Feb 7, 2023 Changed: Jul 31 Last Checked: Aug 1 at 2:10PM

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, with over 80 feet of street frontage. The design supports tenant-branded storefront opportunities, making it well suited for retailers looking for a highly visible street presence.

The property sits at the base of a 518K SF+ Class A office tower, supporting a steady mix of daytime office traffic and local walk-in shoppers. The setting also draws visitors traveling along Michigan Avenue, with nearly 30 million visitors noted to travel the avenue each year.

Flexible retail configuration plus significant frontage provide a practical retail footprint for a tenant seeking a prominent storefront on Chicago’s high-street corridor.

Key Highlights

  • Up to 6,763 SF of reconfigured, flexible ground‑floor retail space
  • Over 80 feet of frontage fronting the Magnificent Mile
  • Tenant‑branded storefront capability supported by the ground‑floor configuration

Property Analytics

Current Use

Urban East Realty Real Estate Agency American Dental Hygienists' ... Association / Organization 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
Under-served
Demand for This Use

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

$22.12 /SF/Yr
Avg Asking Price
$0.92–$45 /SF/Yr
Price Range
2,359 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?
Storefront property - Reconfigured ground-floor storefront space with flexible layouts and prominent frontage on the Magnificent Mile.
Where is this storefront property 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 of reconfigured, flexible ground‑floor retail space; Over 80 feet of frontage fronting the Magnificent Mile; Tenant‑branded storefront capability supported by the ground‑floor configuration
(312) 257-2892 Call to check price and availability
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