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    300 Michigan Ave Chicago, IL 60601

    Sponsored
    For Lease
    Contact for pricing

    Chicago's prime retail location, multiple spaces available.

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located at 300 N Michigan Ave in Chicago, Illinois, within Cook County's North Michigan Ave submarket. The property offers flexible space ranging from 3,300 to 25,000 square feet, suitable for multiple tenants. Situated at the intersection of North Michigan Avenue and East Wacker Place, this bi-level space presents a luxurious setting ideal for high-end retail or dining establishments. The property boasts unparalleled visibility on the Millennium Mile, benefiting from its proximity to iconic landmarks such as Millennium Park and the Chicago Riverwalk. This location places businesses at the heart of Chicago's vibrant tourism scene, surrounded by major attractions and events including Taste of Chicago and Lollapalooza, ensuring high foot traffic and brand exposure. The address is 300 N Michigan Ave, Chicago, IL 60601. This is a truly unique chance to establish a presence in one of Chicago's most prestigious and high-traffic retail corridors. The property is categorized as retail, specifically restaurant and retail space.

    Property Features for 300 Michigan Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF

    Unit(s) available at that property

    Space
    Retail
    Size
    25,000 SF

    HighLights

    • 3,300 - 25,000 square feet of flexible retail space available.
    • Prime location at 300 N Michigan Ave, Chicago, IL, on the Millennium Mile.
    • Bi‑level space at the intersection of N Michigan Ave and E Wacker Place.
    • Unparalleled visibility and high foot traffic due to proximity to Millennium Park and the Chicago Riverwalk.
    • Ideal for high‑end retail or restaurants in Chicago's vibrant tourism district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Structure Re-Right Inc. Contractor SealTeam Roofing Roofing Contractor Jeremy A. Nichols, RPH Pharmacy 300 North Michigan ... Hotel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.62449148674
    Latitude
    41.886859463448

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    FAQs

    What type of property is this?
    Restaurant - Chicago's prime retail location, multiple spaces available.
    Where is this restaurant located?
    The property is located at 300 Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: 3,300 - 25,000 square feet of flexible retail space available.; Prime location at 300 N Michigan Ave, Chicago, IL, on the Millennium Mile.; Bi-level space at the intersection of N Michigan Ave and E Wacker Place.
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    300 Michigan Ave Chicago, IL 60601
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    Chicago, IL 60601
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    300 Michigan Ave Chicago, IL 60601
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