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Magnificent Mile Retail Opportunity
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717 North Michigan Avenue, Chicago, IL 60611

Prime retail space on Chicago's Magnificent Mile.

Space Size2,479 SF - 39,869 SF
Days on Market288

Property Features for 717 North Michigan Avenue

General Information

Standard status Active
Size 2,479 SF - 39,869 SF
Property subtype Retail

Spaces For Lease

at 717 North Michigan Avenue Contact us

717 N Michigan Avenue

Size
2,479 SF
Term
Negotiable
Rate
Contact for pricing
Contact us

717 N Michigan Avenue

Size
39,869 SF
Term
Negotiable
Rate
Contact for pricing
Contact us
Listing Agency: Mid-America Real Estate Group | Chicago
Listed By: Lara Keene · License #475144046
Source: Midamericagrp
Added: Nov 24, 2025 Changed: Sep 7 Last Checked: Sep 8 at 6:54AM

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 Group | Chicago

Investment Insights

Based on property information with market context.

Located in the heart of Chicago’s Magnificent Mile, 717 North Michigan Avenue is positioned between Superior and Huron Streets. This property is situated within an unparalleled, mixed-use district in the Gold Coast neighborhood. The Magnificent Mile Portfolio is surrounded by international luxury retailers. Current tenants include Mango and AloYoga. The area also features landmark hotels such as The Waldorf Astoria Chicago, The Four Seasons Hotel Chicago, and the Park Hyatt Chicago. The property offers 61612 square feet of retail space.

Key Highlights

  • Located on Chicago's Magnificent Mile.
  • Positioned in the heart of the Gold Coast.
  • Surrounded by international luxury retailers.

Property Analytics

Current Use

Alo Clothing Store מלון שיקגו Hotel & Motel IT'SUGAR Michigan Avenue Specialty Food Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Restaurant Tattoo & Piercing Shop Nursing Home

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

24,227
Businesses Nearby
596k
Monthly Visits Nearby

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

$26.1 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
8,322 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
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Frequently Asked Questions

What type of property is this?
Retail space - Prime retail space on Chicago's Magnificent Mile.
Where is this retail space located?
The property is located at 717 North Michigan Avenue Chicago, IL.
What are key features of this property?
This property features: Located on Chicago's Magnificent Mile.; Positioned in the heart of the Gold Coast.; Surrounded by international luxury retailers.
More about this property
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