Salon-Configured Retail
New
For Lease
$26 SF/Yr
2018 S Michigan Avenue #1, Chicago, IL 60616
Street-level space includes private suites and support areas for salon, wellness, retail, or professional service operations.
Space Size2,940 SF
Days on Market2
Property Features for 2018 S Michigan Avenue #1
General Information
Standard status
Active
Size
2,940 SF
Net Rentable
2,940 SF
Property subtype
Commercial
Space & Availability
Available Space
2,940 SF
Contiguous Space
2,940 SF
Space Use
Retail
Taxes and HOA fees
Annual Taxes
$194,266
Amenities
private salon suites
restrooms
kitchenette
Central air
Central Air Cooling
Building Details
Year Built
1951
Listing Agency:
VOLTA INVESTMENTS LLC
(312) 868-0600
Listed By:
DOMINIC BERTUCCI
Source:
Corcoran
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:41AM
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 VOLTA INVESTMENTS LLC
Investment Insights
Based on property information with market context.
Located at 2018 S. Michigan Avenue in Chicago, this 2,940-square-foot street-level retail space was built in 1951 and is currently arranged for salon use. The layout includes 5+ private salon suites, two restrooms, and a kitchenette. Its existing configuration supports salon and beauty services, wellness businesses, boutique retail, or professional services.
The property is in Chicago’s South Loop/Motor Row corridor. The street-level arrangement provides direct access from the sidewalk.
The property is in Chicago’s South Loop/Motor Row corridor. The street-level arrangement provides direct access from the sidewalk.
Key Highlights
- 2,940 SF of street‑level retail space
- Currently configured with 5+ private salon suites
- Includes two restrooms and a kitchenette
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.90 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,534
Businesses Nearby
169k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 30%
Hotels & Casinos 20%
Shops & Services 18%
Mariano's
Groceries
50,480 visits/mo
0.5 miles
Marriott Marquis Chicago
Hotels & Casinos
33,862 visits/mo
0.2 miles
White Castle
Dining
23,545 visits/mo
0.2 miles
Pizanos Pizza
Dining
13,973 visits/mo
0.1 miles
Chase Bank
Shops & Services
11,972 visits/mo
0.2 miles
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
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Market
Lease Benchmarks for Chicago, IL
$25.49 /SF/Yr
Avg Asking Price
$8–$114 /SF/Yr
Price Range
8,917 SF
Avg Space Size
This space is priced 2% above the average of $25.49 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Street-level space includes private suites and support areas for salon, wellness, retail, or professional service operations.
Where is this retail space located?
The property is located at 2018 S Michigan Avenue #1 Chicago, IL.
What is the lease rate?
The lease rate is $26 SF/Yr.
What are key features of this property?
This property features: 2,940 SF of street‑level retail space; Currently configured with 5+ private salon suites; Includes two restrooms and a kitchenette
