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Retail Space in Landmark Hotel
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701 North Michigan Avenue & Huron Street, Chicago, IL 60611

2,550 SF retail space in the Warwick Allerton Hotel.

Space Size765 SF - 6,240 SF
Property Size39,174 SF
Days on Market1766

Property Features for 701 North Michigan Avenue & Huron Street

General Information

Standard status Active
Size 765 SF - 6,240 SF
Property subtype Retail, Restaurant

Building Details

Building Size 39,174 SF
Year Built 1924
Tenancy Multiple

Spaces For Lease

at 701 North Michigan Avenue & Huron Street Contact us

Available (Ground Floor)

Size
6,240 SF
Type
Retail
Availability
Active
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Available (Mezzanine)

Size
3,270 SF
Type
Retail
Availability
Active
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Basement

Size
2,615 SF
Type
Retail
Availability
Active
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Ground Floor(Retail A)

Size
5,795 SF
Type
Restaurant, Retail
Availability
Active
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Ground Floor(Retail B)

Size
765 SF
Type
Restaurant, Retail
Availability
Active
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Huron Frontage (Ground Floor)

Size
2,550 SF
Type
Restaurant, Retail
Availability
Active
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Mezzanine (Retail B)

Size
2,610 SF
Type
Restaurant, Retail
Availability
Active
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Sub Basement

Size
3,385 SF
Type
Retail
Availability
Active
Contact us
Listing Agency: Mid-America Real Estate
Listed By: Lara Keene · License #475144046
Source: Crexi
Added: Oct 24, 2021 Changed: Aug 12 Last Checked: Aug 24 at 6:30PM

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 Mid-America Real Estate

Investment Insights

Based on property information with market context.

An opportunity exists to occupy 2,550 square feet of retail space located at the base of the landmarked Warwick Allerton Hotel on Chicago’s Magnificent Mile.

Key Highlights

  • 2,550 square foot retail space.
  • Located at the base of the Warwick Allerton Hotel.
  • Situated on Chicago’s Magnificent Mile.

Property Analytics

Current Use

Retail space

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

21,820
Businesses Nearby
428k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 51% Apparel 32% Hotels & Casinos 11% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.4 miles
Starbucks Dining
132,317 visits/mo 0.3 miles
McDonald's Dining
52,443 visits/mo 0.4 miles
Sheraton Grand Chicago Riverwalk Hotels & Casinos
28,646 visits/mo 0.4 miles
Chase Bank Shops & Services
23,889 visits/mo 0.3 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

$25.66 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,377 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 2,550 SF retail space in the Warwick Allerton Hotel.
Where is this retail space located?
The property is located at 701 North Michigan Avenue & Huron Street Chicago, IL.
What are key features of this property?
This property features: 2,550 square foot retail space.; Located at the base of the Warwick Allerton Hotel.; Situated on Chicago’s Magnificent Mile.
(630) 481-4038 Call to check price and availability
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