South Loop Retail/Commercial
For Lease
Contact for pricing
900 S Michigan Ave, Chicago, IL 60604
Ready-to-go spaces in Chicago's South Loop near Grant Park.
Space Size1,450 SF
Property Size275,000 SF
Days on Market1891
Property Features for 900 S Michigan Ave
General Information
Standard status
Active
Size
1,450 SF
Property subtype
Retail
Lease Type
Gross
Building Details
Building Size
275,000 SF
Year Built
1911
Tenancy
Multiple
Spaces For Lease
at 900 S Michigan Ave Contact us- Size
- 1,450 SF
- Type
- Retail
- Lease Type
- Gross
- Availability
- Active
Suite 130
Listing Agency:
SVN Chicago Commercial
(312) 676-1866
Listed By:
Wayne Caplan · License #IL 475132248
Source:
Crexi
Added: Jun 21, 2021
Changed: Aug 8
Last Checked: Aug 8 at 6:35AM
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 SVN Chicago Commercial
Investment Insights
Based on property information with market context.
Two ready-to-go retail/commercial spaces are available for rent in Chicago's South Loop, situated at the corner of Michigan Ave & 9th St, at the base of a 20-story, 262-unit luxury residential condominium building. Located directly across the street from Grant Park, these second-generation spaces are fully equipped with two ADA-compliant bathrooms, lighting, electrical & HVAC distribution. The larger space, spanning 2700 square feet, features salon/spa infrastructure and over 50 feet of frontage on Michigan Ave, along with an enormous sidewalk area suitable for outdoor seating for potential cafe uses. Additionally, there is an approximately 1450 square foot space fronting 9th St, which is mostly open and ideal for service retail or office uses. As the spaces are owned by the Michigan Ave Lofts Condo Association, tenants benefit from a low rent without any responsibility for real estate taxes or CAM. The South Loop neighborhood is a popular area of Chicago, conveniently located a few blocks from the Loop CBD and across from Grant Park. This bustling neighborhood has experienced substantial residential, retail, and commercial development and remains a high-profile area.
Key Highlights
- Prime South Loop location on Michigan Avenue, across from Grant Park.
- Low rent structure with no responsibility for real estate taxes or CAM.
- Two ready‑to‑go, second‑generation retail/commercial spaces.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
20,051
Businesses Nearby
274k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Apparel 6%
Shops & Services 4%
Hotels & Casinos 3%
Starbucks
Dining
132,317 visits/mo
0.5 miles
McDonald's
Dining
52,443 visits/mo
0.2 miles
Pizanos Pizza
Dining
9,491 visits/mo
0.1 miles
Velvet Taco
Dining
7,917 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,783 visits/mo
0.3 miles
Demographics for 60604, IL
897
Population
510
Households
1.8
Avg Household Size
34
Median Age
96%
College-Educated
98%
High-School Grad
0.1 sq mi
ZIP Area
8,970
Density / Sq Mi
$77,806
Median Household Income
$54,030
Median Earnings
$2,500
Median Rent
$577,700
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
This space is priced 5% above the average of $25.66 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Ready-to-go spaces in Chicago's South Loop near Grant Park.
Where is this retail space located?
The property is located at 900 S Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Prime South Loop location on Michigan Avenue, across from Grant Park.; Low rent structure with no responsibility for real estate taxes or CAM.; Two ready‑to‑go, second‑generation retail/commercial spaces.
