Building Details

Year Built 1913

Listing Agency: Phenomenal Properties Inc p***@phenomenalproperties.net Show Phone

Listed By: Portia Hawkins

Source: Dawnmckennagroup

Added: May 4 Changed: Aug 23 Last Checked: Aug 25 at 11:10AM

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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.

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

Property Profile

Current Use

Safe and Reliable Living Dental Office Ahead Paralegal Services Law Firm One Saint Lashes ... Medical Clinic Attic Insulation Chicago General Contractor Care your teeths Dental Office

Suggested Use

Top Pick Carpet & Flooring Store Building Supply Garden Center Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) 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

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

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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 Unit 330 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 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