Two-Story Mixed-Use
New
For Lease
$32 SF/Yr
1450 S Michigan Avenue, Chicago, IL 60605
Ground-level restaurant space is paired with a second-floor commercial area, with uses subject to applicable approvals.
Space SizeContact for details
Days on Market6
Property Features for 1450 S Michigan Avenue
General Information
Standard status
Active
Property subtype
COMMERCIAL
Space & Availability
Floor
Ground
Space Use
Restaurant
Taxes and HOA fees
Annual Taxes
$48,834
Building Details
Year Built
1989
Listing Agency:
Century 21 Realty Associates
Listed By:
Cinny Chui
(312) 646-9643
Source:
Dawnmckennagroup
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:21PM
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 Century 21 Realty Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story property, built in 1989, has restaurant space on the ground floor and a separate commercial area upstairs. The second-floor space may accommodate fitness, office, entertainment, or other commercial uses, subject to zoning and required approvals. The ground-floor restaurant was previously occupied by Harold's Chicken #88.
The property is on South Michigan Avenue in Chicago’s South Loop, near public transportation, major thoroughfares, and neighborhood amenities. Street parking is available nearby.
The property is on South Michigan Avenue in Chicago’s South Loop, near public transportation, major thoroughfares, and neighborhood amenities. Street parking is available nearby.
Key Highlights
- Ground‑floor restaurant space with a second‑floor commercial area
- Second‑floor uses may include fitness, office, or entertainment, subject to zoning and required approvals
- Built in 1989
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.80 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 18%
Dining 8%
Mariano's
Groceries
50,480 visits/mo
0.4 miles
Jewel-Osco
Groceries
46,012 visits/mo
0.3 miles
Chase Bank
Shops & Services
11,972 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,724 visits/mo
0.1 miles
PNC Bank
Shops & Services
5,127 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Chicago, IL
$26.43 /SF/Yr
Avg Asking Price
$10–$52 /SF/Yr
Price Range
40,477 SF
Avg Space Size
This space is priced 21% above the average of $26.43 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level restaurant space is paired with a second-floor commercial area, with uses subject to applicable approvals.
Where is this mixed-use property located?
The property is located at 1450 S Michigan Avenue Chicago, IL.
What is the lease rate?
The lease rate is $32 SF/Yr.
What are key features of this property?
This property features: Ground‑floor restaurant space with a second‑floor commercial area; Second‑floor uses may include fitness, office, or entertainment, subject to zoning and required approvals; Built in 1989
