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 Market485
Property Features for 151-155 N Michigan Ave
General Information
Standard status
Active
Size
12,000 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Loop
Road Access
Yes
Building Details
Tenancy
Single
Spaces For Lease
at 151-155 N Michigan Ave
151 - 155 N Michigan Ave
AVAILABLE, Now
Floor
1
Size
12,000 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: Jul 1, 2025
Changed: Oct 25
Last Checked: Oct 26 at 7:16PM
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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Review the available facts, identify missing information and prepare questions for the agent.
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
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Chicago, IL
$25.14 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,623 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
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
