Renovated Office and Retail
For Lease
Contact for pricing
324 N Michigan Ave, Chicago, IL 60601
Newly renovated office and retail space near Michigan Avenue.
Space Size3,711 SF
Property Size22,500 SF
Days on Market2917
Property Features for 324 N Michigan Ave
General Information
Standard status
Active
Size
3,711 SF
Property subtype
Retail
Lease Type
Modified Gross
Building Details
Building Size
22,500 SF
Year Built
1910
Tenancy
Multiple
Spaces For Lease
at 324 N Michigan Ave Contact us- Size
- 3,711 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Lower Level
Listing Agency:
Willard Jones Real Estate
(312) 263-8787
Listed By:
Jonathan Zimmerman · License #IL 471009051
Source:
Crexi
Added: Aug 27, 2018
Changed: Aug 17
Last Checked: Aug 21 at 6:06PM
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 Willard Jones Real Estate
Investment Insights
Based on property information with market context.
The property at 324 North Michigan Avenue is a newly renovated office and retail building situated near the intersection of Michigan Avenue and Wacker Drive. The lobby incorporates elements of the original terracotta façade dating back to 1910. The third-floor suite features a painted exposed brick wall displaying a vintage Gold Medal Flour advertisement. The building is serviced by one passenger elevator across its three floors. Its location provides convenient access to the Chicago Riverwalk, Millennium Park, multiple CTA lines, the Pedway, and a residential area. The building has a distinctive appearance.
Key Highlights
- Unbeatable location near Michigan Avenue and Wacker Drive, with access to the Chicago Riverwalk, Millennium Park, CTA lines, and the Pedway.
- Newly renovated office and retail property.
- Distinctive, eye‑catching appearance.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
26,675
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Hotels & Casinos 20%
Apparel 20%
Dining 14%
BP
Shops & Services
25,664 visits/mo
0.3 miles
Renaissance Blackstone Hotel
Hotels & Casinos
13,890 visits/mo
0.4 miles
Saks OFF 5TH
Apparel
13,751 visits/mo
0.3 miles
McDonald's
Dining
9,419 visits/mo
0.4 miles
Fifth Third Bank & ATM
Shops & Services
4,367 visits/mo
0.5 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
$25.9 /SF/Yr
Avg Asking Price
$8–$133 /SF/Yr
Price Range
9,190 SF
Avg Space Size
This space is priced 3% below the average of $25.9 /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 - Newly renovated office and retail space near Michigan Avenue.
Where is this retail space located?
The property is located at 324 N Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Unbeatable location near Michigan Avenue and Wacker Drive, with access to the Chicago Riverwalk, Millennium Park, CTA lines, and the Pedway.; Newly renovated office and retail property.; Distinctive, eye‑catching appearance.
