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    800 Michigan Ave Chicago, IL 60611

    For Lease
    Contact for pricing

    Prime Retail Space, Gold Coast Location

    Lot size:
    403,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail opportunity is located at 800 Michigan Avenue in Chicago, Illinois, within the prestigious Park Hyatt Chicago Hotel. The space, totaling 3,257 square feet, is situated on a hard corner at the highly trafficked intersection of Chicago Avenue and Rush Street, offering unparalleled visibility and branding potential. Benefitting from a double-height storefront with expansive windows, this single-tenant space provides maximum exposure to the dense pedestrian traffic of the Gold Coast, North Michigan Avenue, and River North neighborhoods. The building itself is a 67-story structure, built in 2000 and extensively renovated in 2022, featuring elevators for convenient access. The property sits on a 3.78-acre lot and is zoned B6-6 within Cook County. This unique retail space is available for lease with both short-term and long-term options considered. The property's prime location and high-profile setting make it an ideal space for a variety of retail businesses seeking exceptional visibility and a prestigious address. The 403,200 square foot building offers a sophisticated and upscale environment, perfectly complementing the high-end nature of the surrounding area. This is a rare opportunity to secure a prominent retail presence in one of Chicago's most desirable locations. The property's recent renovation ensures modern amenities and a well-maintained building. This location offers unparalleled access to a high-density population and significant tourist traffic.

    Property Features for 800 Michigan Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    403,200 SF

    Building Details

    Year Built/Renovated
    2000/2022
    Stories
    67

    Unit(s) available at that property

    Space
    Size
    3,257 SF

    HighLights

    • 3,257 SF retail space available for lease at 800 Michigan Avenue, Chicago, IL.
    • Located on a hard corner at the highly trafficked intersection of Chicago Avenue and Rush Street in the Park Hyatt Chicago Hotel.
    • Double‑height storefront with expansive windows provides exceptional visibility in the Gold Coast/River North area.
    • Located in a 403,200 SF, 67‑story building (built 2000, renovated 2022) on a 3.78‑acre lot, zoned B6‑6.
    • Short‑term and long‑term lease options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Canada Goose Chicago Clothing Store Grant Park Bistro Restaurant Park Hyatt Chicago Hotel LM Catering & Events Event Management Company SP+ Parking Parking Garage

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Hair Salon Dental Office 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
    -87.62539571771
    Latitude
    41.896685265606

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, Gold Coast Location
    Where is this retail property located?
    The property is located at 800 Michigan Ave Chicago, IL.
    What are key features of this property?
    This property features: 3,257 SF retail space available for lease at 800 Michigan Avenue, Chicago, IL.; Located on a hard corner at the highly trafficked intersection of Chicago Avenue and Rush Street in the Park Hyatt Chicago Hotel.; Double-height storefront with expansive windows provides exceptional visibility in the Gold Coast/River North area.
    Request Owner's contact information
    800 Michigan Ave Chicago, IL 60611
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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
    800 Michigan Ave Chicago, IL 60611
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