Corner Retail Storefront
For Lease
Contact for pricing
625 N Michigan Ave, Chicago, IL 60611
Corner retail storefront with a prominent 48-foot facade, offering potential to combine with second-floor space.
Space Size4,208 SF
Days on Market1054
Property Features for 625 N Michigan Ave
General Information
Standard status
Active
Size
4,208 SF
Property subtype
RETAIL
Spaces For Lease
at 625 N Michigan Ave Contact us- Floor
- 1
- Size
- 4,208 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
625 N Michigan Ave
- Corner retail storefront with 48' facade presence. Can be combined with full or...
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Listing Agency:
CBRE | Chicago
(312) 935-1400
Listed By:
Stephen Ansani
(312) 935-1907
Source:
Moodyscre
Added: Oct 27, 2023
Changed: Sep 13
Last Checked: Sep 14 at 6:43AM
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.
This corner retail storefront features 48 feet of facade presence, providing a strong street-facing presence for retail use. The space is offered as a storefront option and can be combined with a full or partial second floor to reach up to a total of 14,224 square feet.
Located at 625 N Michigan Ave in Chicago on the Magnificent Mile, the property sits at the corner of Michigan and Ontario, supporting visibility to passing traffic from both streets.
The available configuration supports flexibility for tenants looking for a street-level retail layout, with the ability to expand into additional second-floor area if needed.
Located at 625 N Michigan Ave in Chicago on the Magnificent Mile, the property sits at the corner of Michigan and Ontario, supporting visibility to passing traffic from both streets.
The available configuration supports flexibility for tenants looking for a street-level retail layout, with the ability to expand into additional second-floor area if needed.
Key Highlights
- Corner retail storefront with 48' facade presence
- Potential to combine with full or partial second floor for up to 14,224 SF total
- Located at 625 North Michigan Avenue on the Magnificent Mile at the corner of Michigan and Ontario
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
30,068
Businesses Nearby
613k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$26.73 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
3,788 SF
Avg Space Size
Vacancy Rate% for Retail in Chicago, IL
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner retail storefront with a prominent 48-foot facade, offering potential to combine with second-floor space.
Where is this storefront property located?
The property is located at 625 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Corner retail storefront with 48' facade presence; Potential to combine with full or partial second floor for up to 14,224 SF total; Located at 625 North Michigan Avenue on the Magnificent Mile at the corner of Michigan and Ontario
