Revitalized Creative Office
For Lease
Contact for pricing
2229 S Michigan Ave, Chicago, IL 60616
Historic Motor Row office space with modern amenities and great access.
Space Size1,659 SF - 2,512 SF
Property Size32,500 SF
Days on Market2768
Property Features for 2229 S Michigan Ave
General Information
Standard status
Active
Size
1,659 SF - 2,512 SF
Class
C
Total Parking Spaces
4
Property subtype
Office
Lease Type
Modified Gross
Building Details
Building Size
32,500 SF
Year Built
1918
Tenancy
Multiple
Spaces For Lease
at 2229 S Michigan Ave Contact us- Size
- 2,512 SF
- Type
- Office
- Lease Type
- Modified Gross
- Availability
- Active
1 (Back)
- Size
- 1,659 SF
- Type
- Office
- Availability
- Active
Suite 303
Listing Agency:
Willard Jones Real Estate
(312) 263-8787
Listed By:
Jonathan Zimmerman · License #IL 471009051
Source:
Crexi
Added: Jan 23, 2019
Changed: Aug 15
Last Checked: Aug 20 at 1:14PM
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.
Located in the historic landmark Motor Row district, the property at 2229 S Michigan presents a newly revitalized creative office space. The iconic building, once an automobile showroom, has been thoughtfully restored with a new façade, modernized lobby, upgraded elevators, mechanical systems, windows, and bathrooms. The offices blend historic charm with modern appeal, featuring sandblasted brick walls, wood floors, soaring ceilings, and abundant natural light. This South Loop office building offers access to Metra lines and CTA bus and train lines within a one-minute walk. Pre- and post-work errands are easily accomplished with convenience stores, daycare and fitness centers, banks and grocery stores, post offices, coffee and convenience stores, and dozens of shopping, dining, and entertainment options nearby. The property is intended for use as creative space and office space.
Key Highlights
- Prime location in the historic Motor Row district.
- Completely revitalized with new facade, modernized lobby, upgraded elevators, mechanical systems, windows, and bathrooms.
- Blend of historic charm and modern appeal with sandblasted brick walls, wood floors, soaring ceilings, and abundant natural light.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
3,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 60616, IL
54,013
Population
26,912
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
86%
High-School Grad
3.8 sq mi
ZIP Area
14,214
Density / Sq Mi
$77,841
Median Household Income
$53,415
Median Earnings
$1,329
Median Rent
$387,300
Median Home Value
Market
Lease Benchmarks for Chicago, IL
$38.03 /SF/Yr
Avg Asking Price
$8–$120 /SF/Yr
Price Range
5,771 SF
Avg Space Size
This space is priced 61% below the average of $38.03 /SF/Yr.
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Historic Motor Row office space with modern amenities and great access.
Where is this creative space located?
The property is located at 2229 S Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Prime location in the historic Motor Row district.; Completely revitalized with new facade, modernized lobby, upgraded elevators, mechanical systems, windows, and bathrooms.; Blend of historic charm and modern appeal with sandblasted brick walls, wood floors, soaring ceilings, and abundant natural light.
