For Lease
$25/SF/YR

1454 Michigan Ave Chicago, IL 60605

South Loop gem: prime retail & office space.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 4,834 square foot, two-story commercial property located at 1454 S Michigan Ave in Chicago's vibrant South Loop neighborhood presents a unique investment opportunity. Built in 1901, this building offers a captivating blend of historical charm and modern functionality. The street-level storefront boasts 2,217 square feet, featuring floor-to-ceiling gliding windows, a 22-foot wet bar, 12-foot ceilings, concrete floors, exposed brick and ductwork, shiplap and aluminum walls creating an industrial aesthetic. This level is currently configured with three rooms, storage, a tech closet, and three restrooms. The second floor encompasses 2,617 square feet, equally impressive with floor-to-ceiling windows, exposed brick and ductwork, timber beams, a skylight, hardwood flooring, and a private restroom with a kitchenette. Three additional rooms provide ample storage. A chair lift is installed for accessibility. The second floor offers direct access from Michigan Avenue, and there is also a rear entrance with an accessible elevator in the lobby. The property includes rooftop rights, and assigned garage parking is negotiable. This location benefits from high visibility, with 19,327 vehicles passing daily and 93% pedestrian traffic. The Cook County property has a tax cost of $0.80 per square foot. The entire building is currently vacant. This is a rare opportunity to acquire a fully adaptable space in a high-traffic, desirable location.

Highlights

  • $25.00/SF/Year Rental Rate.
  • Retail Storefront.
  • 4,834 SF Gross Leasable Area.
  • 1901 Year Built.
  • Walk Score: 93 (Walker's Paradise).
  • Transit Score: 85 (Excellent Transit).

Property Details for 1454 Michigan Ave

Property type
Retail properties, Office properties
RSF (Rentable sq. ft)
4,834 SF
Year Built
1901
Stories
2

Unit(s) available at that property

Space
Available Space
Size
2,617 SF
Rate per SF
$25

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.8624936
Longitude
-87.6244691
1454 Michigan Ave, Chicago, Illinois

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FAQs

What type of property is this?
Retail property - South Loop gem: prime retail & office space.
Where is the retail property located?
The property is located at 1454 Michigan Ave Chicago, IL.
What is the lease rate?
The lease rate is $25/SF/YR.
What are key features of this property?
This property features: $25.00/SF/Year Rental Rate.; Retail Storefront.; 4,834 SF Gross Leasable Area.
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?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Myra Nimchaiyong
Myra Nimchaiyong
Visit Broker Website

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Useful Information

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Michigan Ave
Chicago, IL 60605

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Michigan Ave
Chicago, IL 60605

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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.

1454 Michigan Ave
  • Myra Nimchaiyong
    Myra Nimchaiyong
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