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Retail Space Near Magnificent Mile
For Lease
Contact for pricing

500 N Michigan Ave, Chicago, IL

Retail space available for lease near Chicago's Magnificent Mile.

Space Size6,144 SF
Lot Size0.38 Acres
Days on Market1285

Property Features for 500 N Michigan Ave

General Information

Standard status Active
Size 6,144 SF
Lot size 0.38 Acres
Property subtype RETAIL

Spaces For Lease

at 500 N Michigan Ave Contact us

500 N Michigan Ave

Floor
2
Size
6,144 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Now available for lease - Available square footage - Contact our brokers for further...
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Contact us
Listing Agency: JLL - Corporate
Listed By: Peter Caruso · License #475144084
Source: Moodyscre
Added: Feb 14, 2023 Changed: Aug 8 Last Checked: Aug 8 at 5:14AM

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 JLL - Corporate

Investment Insights

Based on property information with market context.

This retail space, comprising 6,144 square feet, is now available for lease. Located near Chicago's Magnificent Mile, an area that attracts over 32 million visitors annually, this property presents a 2nd floor retail opportunity. Contact our brokers for further information and to discuss available square footage.

Key Highlights

  • Located near the Magnificent Mile
  • 2nd floor retail opportunity
  • Available for lease

Property Analytics

Current Use

Demo Chicago Demolition ... Construction Company Clean Oil Technology Auto Repair Shop RentBacker, Inc. Real Estate Agency Chick-fil-A Restaurant CloudMasonry - Salesforce Consulting ... Business Management Consultant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Tanning Salon Butcher Pet Grooming Service Buffet

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

20,794
Businesses Nearby
66k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 49% Hotels & Casinos 30% Apparel 21%
BP Shops & Services
25,664 visits/mo 0.5 miles
Renaissance Blackstone Hotel Hotels & Casinos
13,890 visits/mo 0.2 miles
Saks OFF 5TH Apparel
13,751 visits/mo 0.5 miles
Best Western Grant Park Hotel Hotels & Casinos
6,261 visits/mo 0.5 miles
Fifth Third Bank & ATM Shops & Services
4,367 visits/mo 0.4 miles

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size

Vacancy Rate% for Retail in Chicago, IL

9.1% 2019
9.2% 2020
8.8% 2021
8.1% 2022
7% 2023
6.6% 2024
7.4% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available for lease near Chicago's Magnificent Mile.
Where is this retail space located?
The property is located at 500 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Located near the Magnificent Mile; 2nd floor retail opportunity; Available for lease
(312) 228-2926 Call to check price and availability
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