Multi-Level Retail
For Lease
Contact for pricing
701 N Michigan Ave, Chicago, IL 60611
Retail space is available on two levels fronting North Michigan Avenue, with additional basement and sub-basement storage.
Property Size2,735 SF
Days on Market279
Property Features for 701 N Michigan Ave
General Information
Standard status
Active
Size
2,735 SF
Property subtype
RETAIL
Building Details
Year Built
1924
Listing Agency:
Canvas Real Estate
(847) 651-8669
Listed By:
Anthony Campagni
Source:
Moodyscre
Added: Oct 27, 2025
Changed: Jul 28
Last Checked: Aug 1 at 10:16AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This landmarked retail storefront is offered for rent within a building built in 1924 and designated a Chicago Landmark in 1998. Space is available on two levels fronting North Michigan Avenue, with approximately 6,000 square feet of basement and sub-basement storage also available. The offering includes flexible delivery and multiple demising scenarios.
The property is positioned at the base of the Warwick Allerton Hotel, and the building is described as anchored by a brand new Rolex flagship. The surrounding retail environment includes prominent national and global brands listed in the remarks.
Available space is configured for a tenant seeking a prominent street-facing retail presence with dedicated storage on lower levels, supported by flexibility in layout through multiple demising scenarios.
The property is positioned at the base of the Warwick Allerton Hotel, and the building is described as anchored by a brand new Rolex flagship. The surrounding retail environment includes prominent national and global brands listed in the remarks.
Available space is configured for a tenant seeking a prominent street-facing retail presence with dedicated storage on lower levels, supported by flexibility in layout through multiple demising scenarios.
Key Highlights
- Over 12,000 SF of retail space available on two levels fronting N Michigan Ave
- Additional approx. 6,000 SF basement and sub‑basement storage space available
- Landmarked building: built in 1924 and designated a Chicago Landmark in 1998
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
24,227
Businesses Nearby
596k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Apparel 25%
Hotels & Casinos 16%
Shops & Services 5%
Nordstrom
Apparel
136,729 visits/mo
0.3 miles
Starbucks
Dining
132,317 visits/mo
0.1 miles
McDonald's
Dining
65,567 visits/mo
0.5 miles
McDonald's
Dining
52,443 visits/mo
0.3 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
$22.12 /SF/Yr
Avg Asking Price
$0.92–$45 /SF/Yr
Price Range
2,359 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 - Retail space is available on two levels fronting North Michigan Avenue, with additional basement and sub-basement storage.
Where is this storefront property located?
The property is located at 701 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Over 12,000 SF of retail space available on two levels fronting N Michigan Ave; Additional approx. 6,000 SF basement and sub‑basement storage space available; Landmarked building: built in 1924 and designated a Chicago Landmark in 1998
