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Creative Office Building
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2229 S Michigan Ave, Chicago, IL 60616

Revitalized office suites feature sandblasted brick, wood floors, tall ceilings, and abundant natural light.

Property Size1,659 SF
Days on Market503

Property Features for 2229 S Michigan Ave

General Information

Standard status Active
Size 1,659 SF
Property subtype OFFICE

Building Details

Year Renovated 2018
Listing Agency: Willard Jones Real Estate
Listed By: Jonathan Zimmerman · License #471009051
Source: Moodyscre
Added: Mar 18, 2025 Changed: Jul 22 Last Checked: Jul 22 at 12:20AM

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 Willard Jones Real Estate

Investment Insights

Based on property information with market context.

The newly revitalized 2229 South Michigan building offers creative office space with office suites that include sandblasted brick exterior walls, wood floors, impressive ceiling heights, and abundant natural light. The building’s renovation includes a new façade, lobby, elevator, mechanical systems, windows, and bathrooms.

The property is located at 2229 S Michigan Ave in Chicago, IL 60616. The space is described as having previously operated as an automobile showroom before being brought back to life in 2018.

Suites are designed to deliver a strong interior presentation with finishes and sightlines shaped by the building’s showroom-to-office conversion.

Key Highlights

  • Former automobile showroom revitalized in 2018 into creative office space
  • New façade, lobby, elevator, mechanical systems, windows, and bathrooms added in 2018
  • Office suites feature sandblasted brick exterior walls and wood floors

Property Analytics

Current Use

Lips Drag Queen ... Restaurant Chicago House & Social ... Social Service Agency Fly Club Training Center Bellagio 223 Wedding Service People's Lobby Charitable Organization

Suggested Use

Top Pick Carpet & Flooring Store Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Building Supply Pet 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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,404
Businesses Nearby

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

Market

Lease Benchmarks for Chicago, IL

$33.1 /SF/Yr
Avg Asking Price
$20–$60 /SF/Yr
Price Range
4,754 SF
Avg Space Size

This space is priced 55% below the average of $33.1 /SF/Yr.

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Creative space - Revitalized office suites feature sandblasted brick, wood floors, tall ceilings, and abundant natural light.
Where is this creative space located?
The property is located at 2229 S Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Former automobile showroom revitalized in 2018 into creative office space; New façade, lobby, elevator, mechanical systems, windows, and bathrooms added in 2018; Office suites feature sandblasted brick exterior walls and wood floors
(312) 263-8787 Call to check price and availability
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