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Open-Plan Office Unit
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2229 S MICHIGAN AVE, Chicago, IL 60616

Hardwood floors and separately metered utilities support a configurable workspace on the third floor.

Space Size28,920 SF
Days on Market24

Property Features for 2229 S MICHIGAN AVE

General Information

Standard status Active
Size 28,920 SF
Net Rentable 1,659 SF
Property subtype Retail, Office

Space & Availability

Available Space 1,659 SF
Contiguous Space 1,659 SF
Floor 3
Space Use Office
Sublease No

Additional Details

Utilities to Site Yes

Spaces For Lease

at 2229 S MICHIGAN AVE
Space 1 Active
Size 28,920 SF
Contact us
Listing Agency: Windy City RE LLC
Listed By: Milan Rubenstein · License #IL 01324137
Source: Crexi
Added: Sep 9 Changed: Sep 29 Last Checked: Oct 1 at 9:37AM

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 Windy City RE LLC

Investment Insights

Based on property information with market context.

This 1,659-square-foot office unit occupies the third floor and features a broad, adaptable layout with hardwood flooring throughout. The space can be arranged for workstations, enclosed offices, meeting areas, or collaborative use. Potential applications identified for the property include professional services, creative work, showroom, wellness, fitness, design, and coworking uses.

The property is on South Michigan Avenue in Chicago’s South Loop, within the Motor Row district. The space is available 9/15. The tenant pays separately metered utilities, along with a proportionate share of CAM and real estate taxes.

Key Highlights

  • 1,659 SF on the third floor
  • Hardwood flooring throughout
  • Flexible floor plan can accommodate workstations, offices, meeting areas, or collaboration space

Property Analytics

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Open 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

Yes
Utilities to site
NNN (Triple Net)
Lease Type

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Chicago, IL

$29.27 /SF/Yr
Avg Asking Price
$4.8–$133 /SF/Yr
Price Range
16,313 SF
Avg Space Size

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?
Office units - Hardwood floors and separately metered utilities support a configurable workspace on the third floor.
Where is this office units located?
The property is located at 2229 S MICHIGAN AVE Chicago, IL.
What are key features of this property?
This property features: 1,659 SF on the third floor; Hardwood flooring throughout; Flexible floor plan can accommodate workstations, offices, meeting areas, or collaboration space
(747) 271-1834 Call to check price and availability
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