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    OFF-MARKET
    Retail properties & Spaces

    980 Michigan Ave, Chicago, IL 60611

    400,000 SF 0.94 ac lot Built 1980
    Property ID
    Property summary
    AI-generated overview

    This exceptional retail opportunity is located at 980 N Michigan Ave in Chicago's prestigious Gold Coast neighborhood, on the renowned Magnificent Mile. The property, a Class B building constructed in 1980, offers two available spaces totaling 15,099 square feet within a 400,000 square foot, 58-story building. One space is a restaurant location on the second floor, overlooking North Michigan Avenue, ideal for capitalizing on the high-density affluent population and significant foot traffic of this world-class retail corridor. This space benefits from its proximity to luxury retailers, hotels, and high-end residential buildings, ensuring substantial consumer exposure. The second space is a mezzanine-level unit offering up to 5,553 square feet with over 55 feet of window frontage overlooking Oak Street. This space provides an unparalleled opportunity to showcase a brand within a vibrant retail environment featuring upscale boutiques, renowned brands, and major department stores. The minimum divisible space is 5,553 square feet, with a maximum contiguous space of 9,546 square feet. The building features elevators and is situated on a 0.94-acre lot in Cook County, IL, zip code 60611. This is a multi-tenant building with only two suites. This location offers unparalleled visibility and access to a high-income demographic, making it an exceptional investment opportunity in one of the world's most desirable retail destinations. The building's mixed-use nature, including Class A office and luxury residential components, further enhances the potential for high foot traffic and brand visibility.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1980
    Total area 400,000 SF
    Lot 0.94 ac (40,946 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Levy Take-out & Catering Catering Service
    • TiDi Electrician Electrical Service General Contractor
    • Pride Public Insurance Adjusters Law Firm Insurance Agency
    • One Mag Smile Dental Office
    • Andromeda Technology Solutions Tech Support Center IT Consulting Firm
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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