Listing Agency: Transwestern | Chicago j***@transwestern.com Show Phone

Listed By: John Nelson

Source: Moodyscre

Added: May 4 Changed: Jul 31 Last Checked: Aug 1 at 5:12AM

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Investment Insights

Based on property information with market context.

Office units totaling 2,523 square feet are coming soon at 444 N Michigan Ave in Chicago. The property is located in the Magnificent Mile, an established office address known for global businesses, dining, hotels, boutique and luxury retail, and unique attractions. The surrounding district offers a mix of business, hospitality, shopping, and entertainment uses.

Key Highlights

• 2,523 square feet of office units
• Located at 444 N Michigan Ave, Chicago, IL 60611
• Situated in Chicago’s Magnificent Mile

Property Analytics

Current Use

Urban East Realty Real Estate Agency American Dental Hygienists' ... Association / Organization Applus Technologies Auto Repair Shop Hull Law Group ... Law Firm Riskturn Inc. (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Butcher Buffet Adult Day Care

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

34,739

Businesses Nearby

Explore this area Business Placement

Demographics for 60611, IL

38,456

Population

28,239

Households

1.4

Avg Household Size

39

Median Age

88%

College-Educated

99%

High-School Grad

0.8 sq mi

ZIP Area

48,070

Density / Sq Mi

$124,621

Median Household Income

$92,917

Median Earnings

$2,416

Median Rent

$608,200

Median Home Value

Market

Lease Benchmarks for Chicago, IL

$27.06 /SF/Yr

Avg Asking Price

$6.41–$70 /SF/Yr

Price Range

15,999 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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Coming soon at 444 N Michigan Ave in Chicago’s Magnificent Mile.

Where is this office units located?

The property is located at 444 N Michigan Ave Chicago, IL.

What are key features of this property?

This property features: 2,523 square feet of office units; Located at 444 N Michigan Ave, Chicago, IL 60611; Situated in Chicago’s Magnificent Mile