Landmark Retail Storefront
For Lease
Contact for pricing
701 N Michigan Ave, Chicago, IL 60611
Two-level retail space with basement and sub-basement storage available at the base of a landmarked hotel.
Space Size3,645 SF
Days on Market325
Property Features for 701 N Michigan Ave
General Information
Standard status
Active
Size
3,645 SF
Property subtype
RETAIL
Space & Availability
Divisible
Yes
Space Use
Retail
Additional Details
Anchor Co-Tenants
Rolex
Building Details
Year Built
1924
Spaces For Lease
at 701 N Michigan Ave Contact us- Floor
- 2
- Size
- 3,645 SF
- Type
- RETAIL
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
701 N Michigan Ave
- Occupy a trophy retail position at the base of the landmarked Warwick Allerton...
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Contact us
Listing Agency:
Canvas Real Estate
(773) 887-8212
Listed By:
Anthony Campagni
(847) 651-8669
Source:
Moodyscre
Added: Oct 27, 2025
Changed: Sep 15
Last Checked: Sep 15 at 8:50AM
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.
Available retail space is offered at the base of a landmarked Warwick Allerton Hotel, anchored by a brand new Rolex flagship. Approximately 12,000 square feet remains available on two levels fronting North Michigan Avenue, with an additional approximately 6,000 square feet of basement and sub-basement storage space also available. Built in 1924 and designated a Chicago Landmark in 1998, the property supports flexible delivery with multiple demising scenarios.
The offering is positioned among prominent retailers including Neiman Marcus, Saks Fifth Avenue, Ferragamo, Ermenegildo Zegna, Burberry, ALO Yoga, Aritzia, Polo Ralph Lauren, and Tiffany & Co., creating a strong adjacency mix for destination shopping.
Tenancies can be accommodated through the available demising configurations, with the lower levels providing dedicated storage and operational support alongside the street-facing sales floor.
The offering is positioned among prominent retailers including Neiman Marcus, Saks Fifth Avenue, Ferragamo, Ermenegildo Zegna, Burberry, ALO Yoga, Aritzia, Polo Ralph Lauren, and Tiffany & Co., creating a strong adjacency mix for destination shopping.
Tenancies can be accommodated through the available demising configurations, with the lower levels providing dedicated storage and operational support alongside the street-facing sales floor.
Key Highlights
- Two‑level retail space totaling 12,000+ SF fronting North Michigan Avenue
- Includes approximately 6,000 SF of basement and sub‑basement storage space
- Space is at the base of a landmarked Warwick Allerton Hotel
Property Analytics
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Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Chicago, IL
$27.22 /SF/Yr
Avg Asking Price
$11–$133 /SF/Yr
Price Range
3,744 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 - Two-level retail space with basement and sub-basement storage available at the base of a landmarked hotel.
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: Two‑level retail space totaling 12,000+ SF fronting North Michigan Avenue; Includes approximately 6,000 SF of basement and sub‑basement storage space; Space is at the base of a landmarked Warwick Allerton Hotel
