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402 Michigan Ave Chicago, IL 60605

OFF-MARKET Retail properties & Spaces Google Maps
120,800 SF Built 1929
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1929
Total area 120,800 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Suburban Train Line
  • Business Management Consultant
  • Suburban Train Line
  • Parking Lot & Garage

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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