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Prime Retail Space on Michigan
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333 N Michigan Ave, Chicago, IL 60601

Historic retail space at a high-traffic Chicago intersection.

Space Size1,059 SF - 2,865 SF
Property Size6,902 SF
Days on Market1499

Property Features for 333 N Michigan Ave

General Information

Standard status Active
Size 1,059 SF - 2,865 SF
Class B
Total Parking Spaces 866
Property subtype Retail

Building Details

Building Size 6,902 SF
Year Built 1928
Tenancy Multiple

Spaces For Lease

at 333 N Michigan Ave Contact us

1st Floor - Tenant A

Size
1,059 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

1st Floor - Tenant B

Size
1,587 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

2nd Floor - Tenant C

Size
1,772 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us

2nd Floor - Tenant D

Size
2,865 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Savills Chicago
Listed By: Phillip Golding · License #IL
Source: Crexi
Added: Jul 18, 2022 Changed: Aug 17 Last Checked: Aug 23 at 4:16PM

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.

The property at 333 North Michigan Avenue is a historic piece of real estate centrally located on the corner of Michigan Avenue and Wacker Drive. Situated between the Magnificent Mile and Millennium Park, this location offers retailers the opportunity to connect with luxury retail, tourist destinations, and Chicago’s working population.

Key Highlights

  • Prime corner location at Michigan and Wacker Drive.
  • Historic building built in 1928.
  • Centrally located between the Magnificent Mile and Millennium Park.

Property Analytics

Current Use

Kuzniar Pamela Law Firm Post Family Dental ... Dental Office Shawn T. Post ... Dental Office Syncron Inc. (Bike/Boat/Book/etc) Store Anderson James W Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Adult Day Care Butcher Buffet

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

38,321
Businesses Nearby
486k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 32% Hotels & Casinos 28% Apparel 28% Shops & Services 11%
Nordstrom Apparel
136,729 visits/mo 0.3 miles
Starbucks Dining
132,317 visits/mo 0.4 miles
theWit Chicago - a DoubleTree by Hilton Hotel Hotels & Casinos
35,939 visits/mo 0.3 miles
Sheraton Grand Chicago Riverwalk Hotels & Casinos
28,646 visits/mo 0.2 miles
Hampton Inn & Suites Chicago Downtown By Hilton Hotels & Casinos
26,716 visits/mo 0.3 miles

Demographics for 60601, IL

15,814
Population
10,727
Households
1.5
Avg Household Size
36
Median Age
86%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
39,535
Density / Sq Mi
$127,323
Median Household Income
$100,078
Median Earnings
$2,451
Median Rent
$495,400
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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Historic retail space at a high-traffic Chicago intersection.
Where is this retail space located?
The property is located at 333 N Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Prime corner location at Michigan and Wacker Drive.; Historic building built in 1928.; Centrally located between the Magnificent Mile and Millennium Park.
More about this property
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