Corner Flagship Restaurant
For Lease
Contact for pricing
151-155 N Michigan Ave, Chicago, IL 60601
Corner space with substantial Michigan and Randolph frontage, offering high ceilings and divisibility for flexible layouts.
Space Size12,000 SF
Days on Market440
Property Features for 151-155 N Michigan Ave
General Information
Standard status
Active
Size
12,000 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Tenancy
Single
Spaces For Lease
at 151-155 N Michigan Ave Contact us- Floor
- 1
- Size
- 12,000 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
151 - 155 N Michigan Ave
- Millennium Park Plaza presents a high profile, corner flagship retail, restaurant...
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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: Jul 1, 2025
Changed: Sep 2
Last Checked: Sep 12 at 8:06AM
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
Investment Insights
Based on property information with market context.
Millennium Park Plaza offers a high-profile corner opportunity with substantial frontage along Michigan Avenue and Randolph Street. The space is described as 4,650 SF and divisible, with high ceilings suitable for retail, restaurant, or entertainment uses.
The offering also includes a two-level restaurant configuration within a larger 12,000 SF restaurant space. The location places the property directly adjacent to Millennium Park and Maggie Daley Park, with the Chicago Cultural Center also nearby. Additional cultural and tourism demand is indicated by proximity to the Art Institute of Chicago and the Magnificent Mile.
From a configuration standpoint, this is positioned as a single-tenant flagship opportunity at a prominent intersection, with high ceilings and a layout that can accommodate a range of uses within the stated retail/restaurant/entertainment parameters.
The offering also includes a two-level restaurant configuration within a larger 12,000 SF restaurant space. The location places the property directly adjacent to Millennium Park and Maggie Daley Park, with the Chicago Cultural Center also nearby. Additional cultural and tourism demand is indicated by proximity to the Art Institute of Chicago and the Magnificent Mile.
From a configuration standpoint, this is positioned as a single-tenant flagship opportunity at a prominent intersection, with high ceilings and a layout that can accommodate a range of uses within the stated retail/restaurant/entertainment parameters.
Key Highlights
- Corner retail/restaurant/entertainment opportunity with 4,650 SF available and divisible space
- 180’ frontage on Michigan Avenue and 170’ frontage on Randolph Street
- High ceilings in the corner space, supporting flexible layout options
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
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
$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Corner space with substantial Michigan and Randolph frontage, offering high ceilings and divisibility for flexible layouts.
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 retail/restaurant/entertainment opportunity with 4,650 SF available and divisible space; 180’ frontage on Michigan Avenue and 170’ frontage on Randolph Street; High ceilings in the corner space, supporting flexible layout options
