Ground-Floor Retail & Spa
For Lease
Contact for pricing
900 S Michigan Ave, Chicago, IL 60605
Two ground-floor retail suites available in a condo building with Michigan Avenue frontage and heavy foot and vehicle traffic.
Property Size1,450 SF
Days on Market96
Property Features for 900 S Michigan Ave
General Information
Standard status
Active
Size
1,450 SF
Property subtype
RETAIL
Lease Type
SF/yr
Building Details
Tenancy
Multi
Listing Agency:
SVN | Chicago - Corporate
(312) 529-5791
Listed By:
Wayne Caplan · License #475132248
Source:
Moodyscre
Added: Apr 29
Changed: Jul 26
Last Checked: Aug 2 at 2:27PM
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 - Corporate
Investment Insights
Based on property information with market context.
Available for lease are two second-generation ground-floor retail suites totaling 2,700 SF and 1,450 SF at the corner of Michigan Ave and 9th St. The larger suite includes salon/spa infrastructure, more than 50 feet of frontage on Michigan Ave, and large outdoor seating capability. The 1,450 SF suite is well-suited for service retail or office uses.
The space is positioned across from Grant Park, one block from the Chicago Hilton, and directly alongside a 262-unit condo building with adjacent 900-unit 1000M luxury apartments. With heavy foot and vehicular traffic, the location supports consistent visibility for daytime and evening activity.
The suites are ready for occupancy. The offering also notes low gross rent, with no responsibility for real estate tax or CAM.
The space is positioned across from Grant Park, one block from the Chicago Hilton, and directly alongside a 262-unit condo building with adjacent 900-unit 1000M luxury apartments. With heavy foot and vehicular traffic, the location supports consistent visibility for daytime and evening activity.
The suites are ready for occupancy. The offering also notes low gross rent, with no responsibility for real estate tax or CAM.
Key Highlights
- Two ground‑floor retail suites: 2,700 SF and 1,450 SF at the corner of Michigan Ave & 9th St.
- Second‑generation spaces ready for occupancy in a condo building.
- 2,700 SF suite includes salon/spa infrastructure, 50+ ft of frontage on Michigan Ave, and large outdoor seating capability.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$4.05 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
9,996
Businesses Nearby
209k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 63%
Groceries 22%
Hotels & Casinos 12%
Shops & Services 3%
Target
Superstores
131,620 visits/mo
0.5 miles
Jewel-Osco
Groceries
46,012 visits/mo
0.4 miles
Renaissance Blackstone Hotel
Hotels & Casinos
13,890 visits/mo
0.2 miles
Best Western Grant Park Hotel
Hotels & Casinos
6,261 visits/mo
0.2 miles
Fifth Third Bank & ATM
Shops & Services
4,367 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
$25.71 /SF/Yr
Avg Asking Price
$0.92–$80 /SF/Yr
Price Range
4,887 SF
Avg Space Size
This space is priced 5% above the average of $25.71 /SF/Yr.
Vacancy Rate% for Retail in Chicago, IL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two ground-floor retail suites available in a condo building with Michigan Avenue frontage and heavy foot and vehicle traffic.
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: Two ground‑floor retail suites: 2,700 SF and 1,450 SF at the corner of Michigan Ave & 9th St.; Second‑generation spaces ready for occupancy in a condo building.; 2,700 SF suite includes salon/spa infrastructure, 50+ ft of frontage on Michigan Ave, and large outdoor seating capability.
