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Restaurant Opportunity on Michigan Avenue
For Lease
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200-250 N Michigan Ave, Chicago, IL

Restaurant space with high tourist and office foot traffic.

Space Size3,650 SF
Lot Size0.43 Acres
Days on Market272

Property Features for 200-250 N Michigan Ave

General Information

Standard status Active
Size 3,650 SF
Lot size 0.43 Acres
Property subtype RETAIL

Spaces For Lease

at 200-250 N Michigan Ave Contact us

230 N Michigan Ave

Floor
1
Size
3,650 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- This restaurant opportunity offers access to the tourist population (26 MM) traveling...
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Listing Agency: JLL - Corporate
Listed By: Peter Caruso · License #475144084
Source: Moodyscre
Added: Nov 21, 2025 Changed: Aug 8 Last Checked: Aug 20 at 12:03PM

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.

This restaurant opportunity is located on North Michigan Avenue and offers access to a substantial tourist population of 26 million people traveling between Millennium Park and North Michigan Avenue. It also benefits from a vibrant and growing weekday office population, presenting a consumer base seeking quality Chicago food experiences. The property offers 3,650 square feet of space.

Key Highlights

  • High foot traffic location.
  • Restaurant opportunity.
  • Access to 26 million tourists traveling between Millennium Park and north Michigan Avenue.

Property Analytics

Current Use

Restaurants

Suggested Use

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

26,675
Businesses Nearby
70k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 47% Hotels & Casinos 20% Apparel 20% Dining 14%
BP Shops & Services
25,664 visits/mo 0.3 miles
Renaissance Blackstone Hotel Hotels & Casinos
13,890 visits/mo 0.4 miles
Saks OFF 5TH Apparel
13,751 visits/mo 0.3 miles
McDonald's Dining
9,419 visits/mo 0.4 miles
Fifth Third Bank & ATM Shops & Services
4,367 visits/mo 0.5 miles

Market

Lease Benchmarks for Chicago, IL

$27.27 /SF/Yr
Avg Asking Price
$16–$55 /SF/Yr
Price Range
15,154 SF
Avg Space Size

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
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Similar Off Market Nearby

  • A Tale of Two Chefs 47 W Polk St Suite 140, Chicago, IL 60605
  • Alonti Catering Kitchen 127 W Van Buren St, Chicago, IL 60605
  • LM Catering & Events 800 S Michigan Ave, Chicago, IL 60605
  • Melissa's Pal Crepes Mobile Food Vendor, Chicago, IL 60605
  • Chartwells 525 S State St, Chicago, IL 60605

Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant space with high tourist and office foot traffic.
Where is this restaurant located?
The property is located at 200-250 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: High foot traffic location.; Restaurant opportunity.; Access to 26 million tourists traveling between Millennium Park and north Michigan Avenue.
(312) 228-2926 Call to check price and availability
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