Building Details

Year Built 2005

Tenancy Multi

Listing Agency: Network Property Managment LLC 708-927-8000 Overview Other property details Taxes $136,289 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Neil Haleem with Network Property Managment LLC 708-927-8000

Listed By: Neil Haleem · License #37077037778HN Show Phone

Source: Dawnmckennagroup

Added: Nov 30, 2024 Changed: Sep 11 Last Checked: Sep 12 at 7:00AM

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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 Network Property Managment LLC 708-927-8000 Overview Other property details Taxes $136,289 Tax Frequency Annually Coldwell Banker Dawn McKenna Group Request a tour Contact agent Request a tour Contact agent Listed by Neil Haleem with Network Property Managment LLC 708-927-8000

Investment Insights

Based on property information with market context.

This suite is available for lease for either retail or office use and includes parking. Various exclusions apply.

The space is positioned to benefit from a captive daily commuter audience within a multi-tenant environment. Existing surrounding tenants include Starbucks, Sabarro, Burger King, Chicago Kernel, Red Mango, Auntie Ann’s, and Taco Fresco, among others.

Use the configuration to support everyday front-of-house or customer-facing operations, subject to the lease’s stated exclusions.

Key Highlights

• Suite suitable for retail or office use
• Includes parking
• Nearby national QSR and quick‑service brands nearby include Starbucks, Sabarro, Burger King, Red Mango, Auntie Ann's, and Taco Fresco

Property Analytics

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Current Use

Integrated Behavioral Medicine Counselor Baum Alana G ... Physician Carolbeth Shansky, PhD Physician Theresa Nollette, LCSW Foster Care Service Starbucks Cafe & Coffee Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Adult Day Care Nursing Home Butcher Pet Grooming Service Buffet

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

Multi-tenant

Tenancy

NNN (Triple Net)

Lease Type

$10.50 /SF/Yr

CAM

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 60602, IL

1,261

Population

551

Households

2.3

Avg Household Size

39

Median Age

49%

College-Educated

97%

High-School Grad

0.1 sq mi

ZIP Area

12,610

Density / Sq Mi

$123,047

Median Household Income

$43,500

Median Earnings

$2,775

Median Rent

$383,300

Median Home Value

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

This space is priced 168% above the average of $26.1 /SF/Yr.

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the lease rate? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Suite suitable for retail or office use, with included parking and nearby national QSR and quick-service brands.

Where is this retail space located?

The property is located at 151 N Michigan Avenue Chicago, IL.

What is the lease rate?

The lease rate is $70 SF/Yr.

What are key features of this property?

This property features: Suite suitable for retail or office use; Includes parking; Nearby national QSR and quick‑service brands nearby include Starbucks, Sabarro, Burger King, Red Mango, Auntie Ann's, and Taco Fresco