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    333 Michigan Ave Chicago, IL 60601

    Sponsored
    For Lease
    Contact for pricing

    Chicago's Magnificent Mile, 5,631 SF Available

    Lot size:
    6,902 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    333 North Michigan Avenue offers exceptional retail space in Chicago's vibrant Loop submarket. This Class B building, constructed in 1928 and renovated in 2020, boasts a total of 6,902 square feet across three stories. Currently, 5,631 square feet of vacant space is available, divisible into units ranging from 1,213 to 2,646 contiguous square feet, ideal for multiple tenants. The building features convenient amenities including 866 parking spaces and elevators. Situated on a prime corner lot (0.28 acres) at the intersection of Michigan and Wacker Drive, this location provides unparalleled visibility and accessibility, bridging the gap between the Magnificent Mile's luxury retailers, popular tourist attractions, and Chicago's bustling business district. The building's timeless architecture and central location within Cook County, Illinois (zip code 60601) make it an exceptional opportunity for businesses seeking high foot traffic and brand exposure. This is a rare chance to secure retail space in one of Chicago's most coveted locations.

    Property Features for 333 Michigan Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,902 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1928/2020
    Stories
    35

    Unit(s) available at that property

    Space
    1st Floor - Tenant B
    Size
    2,646 SF
    Space
    2nd Floor - Tenant C
    Size
    1,772 SF
    Space
    1st Floor - Tenant A
    Size
    1,213 SF

    HighLights

    • Magnificent Mile location at the southeast corner of Michigan Avenue and Wacker Drive.
    • High‑profile, distinctive location.
    • Exceptional foot traffic from shoppers, diners, tourists, residents, and employees.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kuzniar Pamela Attorney Post Family Dental ... Dentist Shawn T. Post ... Dentist Syncron Inc. Software Company Anderson James W Psychologist

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.624507980869
    Latitude
    41.887788156015

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    FAQs

    What type of property is this?
    Retail property - Chicago's Magnificent Mile, 5,631 SF Available
    Where is this retail property located?
    The property is located at 333 Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: Magnificent Mile location at the southeast corner of Michigan Avenue and Wacker Drive.; High-profile, distinctive location.; Exceptional foot traffic from shoppers, diners, tourists, residents, and employees.
    Request Owner's contact information
    333 Michigan Ave Chicago, IL 60601
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    Chicago, IL 60601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    333 Michigan Ave Chicago, IL 60601
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