Luxury Loft Salon
For Lease
$23 SF/Yr
2251 S Michigan Avenue #330, Chicago, IL 60616
Penthouse-level salon space with skylights, exposed brick, hardwood floors, private bath, and kitchenette in an elevator loft building.
Space SizeContact for details
Days on Market98
Property Features for 2251 S Michigan Avenue #330
General Information
Standard status
Active
Property subtype
Commercial
Amenities
Central air
Central Air Cooling
Building Details
Year Built
1913
Listing Agency:
PHENOMENAL PROPERTIES INC
(773) 507-8322
Listed By:
PORTIA HAWKINS
Source:
Corcoran
Added: May 5
Changed: Aug 9
Last Checked: Aug 9 at 7:50AM
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.
Fully built-out luxury loft salon suite on the penthouse level of an elevator-served timber loft-style building. The space is configured for full-service salon use and includes shampoo stations and dryer hookups, along with furnishings described as Italian Milano and Belvedere. Design details include abundant natural light from skylights, exposed brick, timber beam ceilings, and dark-finished hardwood floors. A private bathroom with shower and a kitchenette area are also included.
The suite is currently occupied by established beauty professionals operating under existing booth rental arrangements, which can be maintained or reconfigured. Available as one or two adjacent units of approximately 1,050 square feet each (Unit 325 also available - MLS# 12637958) or combined into a larger 2,100+ square foot full salon.
Offered for rent at 2251 S Michigan Avenue #330 in Chicago’s South Loop area, the configuration supports salon continuity while allowing flexibility depending on whether one unit or both units are leased together.
The suite is currently occupied by established beauty professionals operating under existing booth rental arrangements, which can be maintained or reconfigured. Available as one or two adjacent units of approximately 1,050 square feet each (Unit 325 also available - MLS# 12637958) or combined into a larger 2,100+ square foot full salon.
Offered for rent at 2251 S Michigan Avenue #330 in Chicago’s South Loop area, the configuration supports salon continuity while allowing flexibility depending on whether one unit or both units are leased together.
Key Highlights
- Penthouse‑level salon space in a timber loft‑style elevator building built in 1913
- Abundant natural light with skylights plus exposed brick and timber beam ceilings
- Configured as a full‑service salon with shampoo stations and dryer hookups
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,404
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
$29.23 /SF/Yr
Avg Asking Price
$22–$44 /SF/Yr
Price Range
2,205 SF
Avg Space Size
This space is priced 21% below the average of $29.23 /SF/Yr.
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Holicare LLC — 2131 S Archer Ave #C, Chicago, IL 60616
- Lax Energy Worx — 2237 S Michigan Ave, Chicago, IL 60616
- Mercy Acupuncture and Massage Center in Chicago — 2215 s wentworth ave, chicago, il 60616
- Gabriel B. Martinez, LAC — 238 W Cermak Rd, Chicago, IL 60616
- A.B.E. Med Spa — 2325 S Michigan Ave, Chicago, IL 60616
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Penthouse-level salon space with skylights, exposed brick, hardwood floors, private bath, and kitchenette in an elevator loft building.
Where is this spa & wellness property located?
The property is located at 2251 S Michigan Avenue #330 Chicago, IL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Penthouse‑level salon space in a timber loft‑style elevator building built in 1913; Abundant natural light with skylights plus exposed brick and timber beam ceilings; Configured as a full‑service salon with shampoo stations and dryer hookups
