Loft Retail Space With Salon
New
For Lease
$1,925/Mo
2251 S Michigan Ave Unit 325, Chicago, IL 60616
Penthouse-level retail suite with salon infrastructure, exposed timber elements, skylights, and flexible space for beauty and wellness uses.
Space Size1,050 SF - 2,100 SF
Days on Market3
Property Features for 2251 S Michigan Ave Unit 325
General Information
Standard status
Active
Size
1,050 SF - 2,100 SF
Net Rentable
1,050 SF
Space & Availability
Available Space
1,050-2,100 SF
Contiguous Space
2,100 SF
Divisible
Yes
Space Use
Salon
Furnished
Yes
Amenities
elevator
skylights
exposed brick
timber beam ceilings
hardwood floors
kitchenette
Building Details
Year Built
1913
Construction
timber loft
Abandoned
No
Listing Agency:
Phenomenal Properties Inc
Listed By:
Portia Hawkins
(773) 507-8322
Source:
Bktchicago
Added: Sep 8
Changed: Sep 9
Last Checked: Sep 9 at 9:26PM
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 Phenomenal Properties Inc
Investment Insights
Based on property information with market context.
Located at 2251 S Michigan Ave, Unit 325, this penthouse-level retail suite occupies a timber loft-style elevator building constructed in 1913. The interior combines exposed brick, timber beam ceilings, dark-finished hardwood floors, and skylights that bring natural light into the space. A flexible salon configuration includes shampoo stations, dryer hookups, a kitchenette, and a separate enclosed room. Italian Milano and Belvedere furnishings are included.
The property is available as one approximately 1,050-square-foot unit or with the adjacent Unit 330 for a combined area of more than 2,100 square feet. Existing booth rental arrangements with beauty professionals may remain in place or be reconfigured. The layout can accommodate salon, beauty, and wellness operations seeking a distinctive loft setting in Chicago's South Loop.
The property is available as one approximately 1,050-square-foot unit or with the adjacent Unit 330 for a combined area of more than 2,100 square feet. Existing booth rental arrangements with beauty professionals may remain in place or be reconfigured. The layout can accommodate salon, beauty, and wellness operations seeking a distinctive loft setting in Chicago's South Loop.
Key Highlights
- Penthouse‑level retail suite in a 1913 timber loft‑style elevator building
- Approximately 1,050 square feet in Unit 325; adjacent Unit 330 is also available
- Units can be combined into a salon totaling more than 2,100 square feet
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
3,404
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Hotels & Casinos 24%
Shops & Services 16%
McDonald's
Dining
37,263 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
0.2 miles
Chase Bank
Shops & Services
11,972 visits/mo
0.3 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
$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Retail space - Penthouse-level retail suite with salon infrastructure, exposed timber elements, skylights, and flexible space for beauty and wellness uses.
Where is this retail space located?
The property is located at 2251 S Michigan Ave Unit 325 Chicago, IL.
What is the lease rate?
The lease rate is $1,925/Mo.
What are key features of this property?
This property features: Penthouse‑level retail suite in a 1913 timber loft‑style elevator building; Approximately 1,050 square feet in Unit 325; adjacent Unit 330 is also available; Units can be combined into a salon totaling more than 2,100 square feet
