Property summary
This Class A, 20,971 square foot office building at 401 North Michigan Avenue, Suite 1200, Chicago, IL 60611, offers a variety of workspace solutions. Located on the 12th floor of the landmark Equitable Building, this Cook County property boasts a prime location on the Magnificent Mile, directly across the bridge from the city's central business district. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant. Renovated in 2019, the building includes elevators and offers various office configurations, including private, fully furnished, and equipped offices suitable for individuals or large companies. Options range from serviced and custom office spaces to disaster recovery spaces and day offices. Amenities include a training room accommodating up to 60 people, a lounge area, secure underground parking, and proximity to the Chicago Riverwalk and a vibrant restaurant and retail scene. The building offers a benefits program with exclusive discounts and procurement support. This exceptional property provides a unique opportunity to establish a presence in one of Chicago's most desirable business locations.
Property profile
VerifiedCap rate & NOI
Current use
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Real Estate Agency
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Environmental Consultant Commercial Real Estate Inspector
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Law Firm
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Title Company
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Electrical Service
Location
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
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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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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