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150 N Michigan Ave, Chicago, IL 60601

Office units provide convenient access to Millennium Station, the “L” Station, and Lake Shore Drive.

Property Size9,434 SF
Days on Market329

Property Features for 150 N Michigan Ave

General Information

Standard status Active
Size 9,434 SF
Property subtype OFFICE

Site & Location

Highway Access Yes
Public Transit Yes
Listing Agency: JLL - Corporate
Listed By: Kyle Harding · License #475.138912
Source: Moodyscre
Added: Sep 8, 2025 Changed: Jul 31 Last Checked: Aug 2 at 10:10AM

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 JLL - Corporate

Investment Insights

Based on property information with market context.

The property offers 9,434 square feet of office units at 150 N Michigan Ave in Chicago. The location provides convenient access to major transit and transportation routes, with Millennium Station a 1-minute walk away, the “L” Station a 4-minute walk away, and Lake Shore Drive a 2-minute drive away.

On-site parking is available through an indoor garage featuring 100 spaces, providing dedicated parking for the office property. The combination of office space, rail access, roadway connectivity, and on-site parking supports a practical setting for office users.

Key Highlights

  • 9,434 square feet of office units
  • 1‑minute walk to Millennium Station
  • 4‑minute walk to the “L” Station

Property Analytics

Current Use

sweetgreen Restaurant LAI Video Media Distribution John Fagan - Mutual ... Loan Service Pablo Cortes - Mutual ... Loan Service SmithAmundsen: Anto Christine ... Law Firm

Suggested Use

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

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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

35,231
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

Lease Benchmarks for Chicago, IL

$28.7 /SF/Yr
Avg Asking Price
$6.41–$70 /SF/Yr
Price Range
15,166 SF
Avg Space Size

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?
Office units - Office units provide convenient access to Millennium Station, the “L” Station, and Lake Shore Drive.
Where is this office units located?
The property is located at 150 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: 9,434 square feet of office units; 1‑minute walk to Millennium Station; 4‑minute walk to the “L” Station
(312) 228-3141 Call to check price and availability
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