402 Michigan Ave Chicago, IL 60605
- Retail properties
- 120,800 SF
Current Use by Public Records
- Van Buren Station Stairs / Suburban Train Line
- O Hudson enterprises, LLC / Business Management Consultant
- Van Buren Station Elevator / Suburban Train Line
- Grant Park South Parking Elevator / Parking Garage
Property Details for 402 Michigan Ave
- Year built
- 1929
- Property size
- 120,800 SF
- Property type
- Retail properties
Description
This exceptional retail property, located at 402 S Michigan Ave in Chicago's vibrant East Loop, presents a unique investment opportunity. The building, constructed in 1929, boasts a substantial 120,800 square feet of space across seven stories, situated on a 0.46-acre lot. The property is designated as a single-tenant retail space, offering a significant footprint for a variety of uses. The address is 402 S Michigan Ave, Chicago, IL 60605, conveniently located in the East Loop submarket cluster along Michigan Avenue. Cook County property records identify the APN as 17-15-109-009-0000. The main retail area offers a generous open floor plan, complemented by an additional 200 square feet of connected storage space included at no extra cost. This provides valuable supplementary space for inventory, equipment, or other operational needs. The building's prime location on Michigan Avenue offers unparalleled visibility and accessibility, making it an ideal location for a flagship store or high-profile retail establishment. The property's substantial size and prominent location make it a compelling investment prospect in a thriving Chicago neighborhood. This is a rare opportunity to acquire a significant retail space in a highly sought-after area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6245
- Latitude
- 41.8769
