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401 Michigan Ave Chicago, IL 60611

Sponsored
For Lease
$25 SF/Yr

Prestigious Chicago office space, flexible options.

Lot size:
20,971 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This Class A, 20,971 square foot office building at 401 North Michigan Avenue, Suite 1200, Chicago, IL 60611, offers a variety of workspace solutions. Located on the 12th floor of the landmark Equitable Building, this Cook County property boasts a prime location on the Magnificent Mile, directly across the bridge from the city's central business district. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Renovated in 2019, the building includes elevators and offers various office configurations, including private, fully furnished, and equipped offices suitable for individuals or large companies. Options range from serviced and custom office spaces to disaster recovery spaces and day offices. Amenities include a training room accommodating up to 60 people, a lounge area, secure underground parking, and proximity to the Chicago Riverwalk and a vibrant restaurant and retail scene. The building offers a benefits program with exclusive discounts and procurement support. This exceptional property provides a unique opportunity to establish a presence in one of Chicago's most desirable business locations.

Property Features for 401 Michigan Ave

General Information

Property type
Office space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
20,971 SF
Class
A
Total Rate
44877.94

Building Details

Year Renovated
2019

Unit(s) available at that property

Space
Flexible office membership
Size
108 SF
Rate per SF
$27
Space
Virtual office
Size
54 SF
Rate per SF
$282
Space
Coworking space
Size
328 SF
Rate per SF
$25
Space
Private office for 5 people
Size
807 SF
Rate per SF
$43
Space
Private office for 1 person
Size
538 SF
Rate per SF
$65

HighLights

  • Class A, 20,971 square foot office building located on the 12th floor of the Equitable Building, 401 North Michigan Avenue, Suite 1200, Chicago, IL 60611.
  • Magnificent Mile location, directly across from Chicago's central business district. 5,970 square feet currently vacant; minimum divisible space of 10 square feet, maximum contiguous space of 1,300 square feet.
  • Building renovated in 2019, offering various office configurations including private, furnished, and equipped offices. Options include serviced, custom, disaster recovery, and day offices.
  • Amenities include a 60‑person training room, lounge, secure underground parking, and proximity to the Chicago Riverwalk and vibrant retail/restaurant scene.
  • Benefits program offers exclusive discounts and procurement support.
Property Profile Location Intelligence

Current Use by Public Records

Adriana Lin Real Estate Agent Consulting Solutions Inc Environmental Consultant Law Office of Jacquelyn ... Estate Planning Attorney Title Service Title Company SolarLogics Solar Energy System Service

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
-87.6228785
Latitude
41.8896224

FAQs

What type of property is this?
Office space - Prestigious Chicago office space, flexible options.
Where is this office space located?
The property is located at 401 Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $25-$282 SF/Yr.
What are key features of this property?
This property features: Class A, 20,971 square foot office building located on the 12th floor of the Equitable Building, 401 North Michigan Avenue, Suite 1200, Chicago, IL 60611.; Magnificent Mile location, directly across from Chicago's central business district. 5,970 square feet currently vacant; minimum divisible space of 10 square feet, maximum contiguous space of 1,300 square feet.; Building renovated in 2019, offering various office configurations including private, furnished, and equipped offices. Options include serviced, custom, disaster recovery, and day offices.
More about this property
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