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980 Michigan Ave Chicago, IL 60611

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Prime Chicago retail, 5,553-9,546 sq ft.

Lot size:
400,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional retail opportunity is located at 980 N Michigan Ave in Chicago's prestigious Gold Coast neighborhood, on the renowned Magnificent Mile. The property, a Class B building constructed in 1980, offers two available spaces totaling 15,099 square feet within a 400,000 square foot, 58-story building. One space is a restaurant location on the second floor, overlooking North Michigan Avenue, ideal for capitalizing on the high-density affluent population and significant foot traffic of this world-class retail corridor. This space benefits from its proximity to luxury retailers, hotels, and high-end residential buildings, ensuring substantial consumer exposure. The second space is a mezzanine-level unit offering up to 5,553 square feet with over 55 feet of window frontage overlooking Oak Street. This space provides an unparalleled opportunity to showcase a brand within a vibrant retail environment featuring upscale boutiques, renowned brands, and major department stores. The minimum divisible space is 5,553 square feet, with a maximum contiguous space of 9,546 square feet. The building features elevators and is situated on a 0.94-acre lot in Cook County, IL, zip code 60611. This is a multi-tenant building with only two suites. This location offers unparalleled visibility and access to a high-income demographic, making it an exceptional investment opportunity in one of the world's most desirable retail destinations. The building's mixed-use nature, including Class A office and luxury residential components, further enhances the potential for high foot traffic and brand visibility.

Property Features for 980 Michigan Ave

General Information

Property type
Restaurants
Lease Type
Gross Lease
RSF (Rentable sq. ft)
400,000 SF
Class
B

Building Details

Year Built
1980
Stories
58

Unit(s) available at that property

Space
Mezzanine Space
Size
5,553 SF
Space
Restaurant Space
Size
9,546 SF

HighLights

  • Turnkey restaurant space with existing infrastructure.
  • High ceilings (double height).
  • Prime North Michigan Avenue location with street frontage.
  • Dense concentration of office space (8M+ sq ft within 0.5 mile radius).
  • Affluent residential neighborhood nearby.
Property Profile Location Intelligence

Current Use by Public Records

Levy Caterer TiDi Electrician Electrician Pride Public Insurance ... Insurance Attorney One Mag Smile Dentist Andromeda Technology Solutions Computer Support And Services

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.624305080082
Latitude
41.90080648049

FAQs

What type of property is this?
Restaurant - Prime Chicago retail, 5,553-9,546 sq ft.
Where is this restaurant located?
The property is located at 980 Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Turnkey restaurant space with existing infrastructure.; High ceilings (double height).; Prime North Michigan Avenue location with street frontage.
More about this property
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