Listing Agency: CBRE | Chicago S***@cbre.com Show Phone

Listed By: Stephen Ansani Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 12 Last Checked: Aug 22 at 7:58AM

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Investment Insights

Based on property information with market context.

Located in the heart of Chicago's prestigious Mag Mile, this retail space offers high visibility and substantial foot traffic. Situated in one of the most affluent and heavily trafficked areas of Chicago, the location attracts both local visitors and tourists. This provides an ideal platform to showcase a brand to a wide audience.

Key Highlights

• Unparalleled traffic on Chicago's Magnificent Mile.
• High visibility for retail operations.
• Location in one of Chicago's most affluent areas.

Property Analytics

Property Profile

Current Use

J P Lindquist ... Insurance Agency Sofia F. Garcia, ... Physician The Truman Group, Inc. Business Management Consultant Boulware Group Inc Employment Agency Pelvic Rehabilitation Medicine Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Tattoo & Piercing Shop 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

30,068

Businesses Nearby

613k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Apparel 22% Hotels & Casinos 19% Shops & Services 6%

Nordstrom Apparel

136,729 visits/mo 0.2 miles

Starbucks Dining

132,317 visits/mo 0.1 miles

McDonald's Dining

65,567 visits/mo 0.4 miles

McDonald's Dining

52,443 visits/mo 0.4 miles

Fogo de Chao Dining

28,749 visits/mo 0.5 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

9.1% 2019

9.2% 2020

8.8% 2021

8.1% 2022

7% 2023

6.6% 2024

7.4% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - Prime retail space in Chicago's prestigious Magnificent Mile.

Where is this retail space located?

The property is located at 625 Michigan Avenue Chicago, IL.

What are key features of this property?

This property features: Unparalleled traffic on Chicago's Magnificent Mile.; High visibility for retail operations.; Location in one of Chicago's most affluent areas.