Property summary
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
VerifiedCap rate & NOI
Current use
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Suburban Train Line
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Business Management Consultant
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Suburban Train Line
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Parking Lot & Garage
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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