Corner Retail and Restaurant
For Lease
Contact for pricing
151-155 N Michigan Ave, Chicago, IL 60601
Corner suite with high ceilings and Michigan Avenue and Randolph Street frontage, suited for retail, restaurant, or entertainment use.
Space Size1,710 SF
Days on Market270
Property Features for 151-155 N Michigan Ave
General Information
Standard status
Active
Size
1,710 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Loop
Building Details
Tenancy
Single
Spaces For Lease
at 151-155 N Michigan Ave
151 - 155 N Michigan Ave
AVAILABLE, Now
Floor
1
Size
1,710 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- Millennium Park Plaza presents a high profile, corner flagship retail, restaurant or entertainment opportunity at one of the most visited intersections in Chicago.
- ±80’ of Michigan Avenue frontage; ±70’ of Randolph Street frontage
- Corner space – 4,650 SF – Divisible – High ceilings
- Two level ±12,000 SF restaurant space
- Single tenant flagship opportunity
- Location Description
- Directly adjacent to Millennium Park (25M annual visitors), Maggie Daley Park (3M annual visitors), and the Chicago Cultural Center (0.9M annual visitors). Just blocks from the Art Institute of Chicago (1.8M annual visitors) and the Magnificent Mile (30M annual visitors). Almost 250,000 daytime employees within a half mile radius.
Contact us
Listing Agency:
Mid-America Real Estate Group | Chicago
(630) 954-7327
Listed By:
Paul Bryant · License #471008163
(630) 954-7354
Source:
Moodyscre
Added: Jan 28
Changed: Oct 4
Last Checked: Oct 24 at 8:41PM
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 Mid-America Real Estate Group | Chicago
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Investment Insights
Based on property information with market context.
Millennium Park Plaza offers a high-profile corner suite with approximately 4,650 square feet, divisible configuration, and high ceilings. The property also includes a two-level, approximately 112,000 square foot restaurant space, presenting a single-tenant flagship opportunity.
The site provides about 80 feet of frontage along Michigan Avenue and about 70 feet along Randolph Street, directly adjacent to Millennium Park. It is also near Maggie Daley Park and the Chicago Cultural Center, with Art Institute of Chicago and the Magnificent Mile described as nearby.
Designed to support restaurant, retail, or entertainment concepts, the available corner space’s divisible layout and clear vertical presence can accommodate a range of program needs within the building’s larger hospitality footprint.
The site provides about 80 feet of frontage along Michigan Avenue and about 70 feet along Randolph Street, directly adjacent to Millennium Park. It is also near Maggie Daley Park and the Chicago Cultural Center, with Art Institute of Chicago and the Magnificent Mile described as nearby.
Designed to support restaurant, retail, or entertainment concepts, the available corner space’s divisible layout and clear vertical presence can accommodate a range of program needs within the building’s larger hospitality footprint.
Key Highlights
- Corner flagship space with 4,650 SF and high ceilings, divisible for flexible layouts
- Approximately 180’ of Michigan Avenue frontage and 170’ of Randolph Street frontage
- Two‑level 12,000 SF restaurant space available
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
35,231
Businesses Nearby
337k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Hotels & Casinos 33%
Shops & Services 15%
Dining 7%
Nordstrom
Apparel
136,729 visits/mo
0.4 miles
theWit Chicago - a DoubleTree by Hilton Hotel
Hotels & Casinos
35,939 visits/mo
0.2 miles
Sheraton Grand Chicago Riverwalk
Hotels & Casinos
28,646 visits/mo
0.3 miles
Hampton Inn & Suites Chicago Downtown By Hilton
Hotels & Casinos
26,716 visits/mo
0.4 miles
BP
Shops & Services
25,664 visits/mo
0.3 miles
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
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Market
Lease Benchmarks for Chicago, IL
$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,876 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Retail space - Corner suite with high ceilings and Michigan Avenue and Randolph Street frontage, suited for retail, restaurant, or entertainment use.
Where is this retail space located?
The property is located at 151-155 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Corner flagship space with 4,650 SF and high ceilings, divisible for flexible layouts; Approximately 180’ of Michigan Avenue frontage and 170’ of Randolph Street frontage; Two‑level 12,000 SF restaurant space available
