Second-Floor Flex
New
For Lease
$26 SF/Yr
1450 S Michigan Avenue #2, Chicago, IL 60605
Flexible commercial layout with private offices, open area, concrete floors, and central air and heat.
Space SizeContact for details
Days on Market4
Property Features for 1450 S Michigan Avenue #2
General Information
Standard status
Active
Property subtype
Commercial
Space & Availability
Floor
2
Space Use
Office
Private Offices
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$58,790
Amenities
central air and heat
Central air
Central Air Cooling
Building Details
Year Built
1989
Listing Agency:
LANDMARK & PROPERTY GROUP, INC
(773) 299-1228
Listed By:
NANCY IP
Source:
Corcoran
Added: Aug 9
Changed: Aug 11
Last Checked: Aug 11 at 9:00AM
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 LANDMARK & PROPERTY GROUP, INC
Investment Insights
Based on property information with market context.
This second-floor flex space at 1450 S Michigan Avenue #2 offers approximately 11' ceilings, concrete flooring, and a layout combining 3 private office rooms with a large open area. Central air and heat serve the premises, while the open configuration can accommodate a range of commercial concepts, including office, education, creative, beauty, health, and fitness uses identified for the space.
The property was built in 1989 and is near Rush South Loop, Jewel-Osco, DePaul University, The Art Institute of Chicago, Millennium Park, and Hilton Chicago. The Roosevelt subway station provides nearby transit access, and the property is approximately 3 miles from Downtown, Chinatown, and DuSable Lake Shore Drive.
The property was built in 1989 and is near Rush South Loop, Jewel-Osco, DePaul University, The Art Institute of Chicago, Millennium Park, and Hilton Chicago. The Roosevelt subway station provides nearby transit access, and the property is approximately 3 miles from Downtown, Chinatown, and DuSable Lake Shore Drive.
Key Highlights
- Second‑floor commercial space with approximately 11' ceilings
- 3 private office rooms plus a large open area
- Concrete flooring and central air and heat
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Lease Benchmarks for Chicago, IL
$16.23 /SF/Yr
Avg Asking Price
$4.5–$34 /SF/Yr
Price Range
24,103 SF
Avg Space Size
This space is priced 60% above the average of $16.23 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial layout with private offices, open area, concrete floors, and central air and heat.
Where is this flex space located?
The property is located at 1450 S Michigan Avenue #2 Chicago, IL.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: Second‑floor commercial space with approximately 11' ceilings; 3 private office rooms plus a large open area; Concrete flooring and central air and heat
