980 Michigan Ave Chicago, IL 60611

Property Details for 980 Michigan Ave

Year built

1980

Lot size

0.94 lot acres

Property size

400,000 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.6243

Latitude

41.9008