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980 Michigan Ave Chicago, IL 60611

Prime Chicago retail, 5,553-9,546 sq ft.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
133
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.

Highlights

  • Turnkey restaurant space with existing infrastructure.
  • High ceilings (double height).
  • Prime North Michigan Avenue location with street frontage.
  • Dense concentration of office space (8M+ sq ft within 0.5 mile radius).
  • Affluent residential neighborhood nearby.

Property Details for 980 Michigan Ave

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
400,000 SF
Class
B
Year Built
1980
Stories
58

Unit(s) available at that property

Space
Mezzanine Space
Size
5,553 SF
Space
Restaurant Space
Size
9,546 SF

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.90080648049
Longitude
-87.624305080082

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FAQs

What type of property is this?
Retail property - Prime Chicago retail, 5,553-9,546 sq ft.
Where is the retail property located?
The property is located at 980 Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Turnkey restaurant space with existing infrastructure.; High ceilings (double height).; Prime North Michigan Avenue location with street frontage.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Phillip Golding
Kimberly Wiskup
Todd L .Siegel
Visit Broker Website

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Useful Information

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Michigan Ave
Chicago, IL 60611

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Michigan Ave
Chicago, IL 60611

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

980 Michigan Ave
  • Phillip Golding
  • Kimberly Wiskup
  • Todd L .Siegel
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