Magnificent Mile Retail
For Lease
Contact for pricing
520 North Michigan Avenue, Chicago, IL 60611
Prime retail spaces available on Chicago's Magnificent Mile.
Space SizeContact for details
Days on Market274
Property Features for 520 North Michigan Avenue
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE | Chicago
(312) 935-1905
Listed By:
Luke Molloy
(312) 935-1905
Source:
Cbre
Added: Nov 22, 2025
Changed: Aug 23
Last Checked: Aug 23 at 4:59AM
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 CBRE | Chicago
Investment Insights
Based on property information with market context.
Located on the Magnificent Mile, this property offers rare small shop opportunities with spaces ranging from approximately 1,800 to 2,600 square feet. The location benefits from high visibility, with over 5 million pedestrians and vehicles passing by monthly. Incredible two-story branding opportunities are available. Situated across from the new Aritzia flagship and the recently signed Uniqlo and Sephora, it is adjacent to the number one Nordstrom in the Midwest. The area boasts over 35 hotels with approximately 9,000 keys within a mile. North Michigan Avenue has attracted over 30 million visitors in the past year, surpassing visitor metrics from Upper 5th Avenue, Union Square, and other top U.S. high streets. New ownership representation is with CBRE.
Key Highlights
- High foot traffic: +5 million pedestrians and vehicles pass by monthly.
- Prime location on Magnificent Mile: 30+ million visitors annually.
- Adjacent to major retailers: Located across from Aritzia, Uniqlo, and Sephora; adjacent to #1 Nordstroms in the Midwest.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
20,794
Businesses Nearby
66k
Monthly Visits Nearby
Explore this area
Business Placement
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
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
$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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Prime retail spaces available on Chicago's Magnificent Mile.
Where is this retail space located?
The property is located at 520 North Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: High foot traffic: +5 million pedestrians and vehicles pass by monthly.; Prime location on Magnificent Mile: 30+ million visitors annually.; Adjacent to major retailers: Located across from Aritzia, Uniqlo, and Sephora; adjacent to #1 Nordstroms in the Midwest.
