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Prime Retail Space Opportunity
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800 Michigan Ave, Chicago, IL 60605

Hard corner retail space in high-traffic Chicago location.

Space Size403,200 SF
Days on Market1158

Property Features for 800 Michigan Ave

General Information

Standard status Active
Size 403,200 SF
Class A
Property subtype Retail

Building Details

Building Size 403,200 SF
Year Built 2000
Tenancy Single

Spaces For Lease

at 800 Michigan Ave Contact us

Space 1

Size
403,200 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Savills Chicago
Listed By: Phillip Golding · License #IL
Source: Crexi
Added: Jun 22, 2023 Changed: Aug 12 Last Checked: Aug 21 at 9:37AM

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 Savills Chicago

Investment Insights

Based on property information with market context.

This hard corner retail space is located at the base of the luxury Park Hyatt Chicago Hotel, situated at the intersection of Chicago Avenue and Rush Street. The location borders the Gold Coast, North Michigan Avenue, and River North neighborhoods. The space offers visibility and branding opportunities with expansive, double-height storefront windows. It is being offered for short-term or long-term options.

Key Highlights

  • Hard corner location at Chicago Avenue and Rush Street.
  • Base of the luxury Park Hyatt Chicago Hotel.
  • High traffic intersection bordering Gold Coast, North Michigan Avenue, and River North.

Property Analytics

Current Use

Canada Goose Chicago Clothing Store Grant Park Bistro Restaurant Park Hyatt Chicago Hotel & Motel LM Catering & Events Marketing & Advertising SP+ Parking Parking Lot & Garage

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Restaurant Tattoo & Piercing Shop Auto Parts Store 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

24,043
Businesses Nearby
576k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 62% Apparel 27% Hotels & Casinos 6% Shops & Services 6%
Nordstrom Apparel
136,729 visits/mo 0.5 miles
Starbucks Dining
132,317 visits/mo 0.3 miles
McDonald's Dining
65,567 visits/mo 0.4 miles
McDonald's Dining
52,443 visits/mo 0.1 miles
Fogo de Chao Dining
28,749 visits/mo 0.4 miles

Demographics for 60605, IL

34,071
Population
20,478
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
24,336
Density / Sq Mi
$118,403
Median Household Income
$82,091
Median Earnings
$2,402
Median Rent
$495,900
Median Home Value

Market

Lease Benchmarks for Chicago, IL

$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 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
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Frequently Asked Questions

What type of property is this?
Retail space - Hard corner retail space in high-traffic Chicago location.
Where is this retail space located?
The property is located at 800 Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Hard corner location at Chicago Avenue and Rush Street.; Base of the luxury Park Hyatt Chicago Hotel.; High traffic intersection bordering Gold Coast, North Michigan Avenue, and River North.
More about this property
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