8 Michigan AveChicago, IL 60603

Property Details for 8 Michigan Ave

Year built

1928

Lot size

0.22 AC

Property size (Sq ft)

212,200 SF

Property type

Office buildings

APN

17-15-101-009

APU

1715101009

Description

8 South Michigan Avenue offers exceptional office space for lease in Chicago's vibrant Downtown - East Loop submarket. This iconic 38-story building boasts a classic architectural style and presents a unique opportunity for businesses seeking flexible and prestigious office accommodations. The building totals 55,752 square feet and features 28 individual suites, with a minimum divisible space of 243 square feet and a maximum contiguous space of 6,700 square feet. Currently, 54,393 square feet is available for lease, providing ample opportunity for various business needs. The building caters to diverse office types, including executive, medical, creative, and law offices. Enjoy breathtaking views of Millennium Park and Lake Michigan. Building amenities include elevators. The property's location at 8 S Michigan Ave, Chicago, IL 60603, places it in close proximity to numerous amenities and transportation options. This is an exceptional opportunity to establish a presence in one of Chicago's most desirable business districts. The building's smaller floor sizes allow for strong individual branding and identity. Inquire today to learn more about leasing options and secure your ideal office space.

• CAP approach

  CAP return

  Valuation

  6%

  $68,195,032

  6.5%

  $62,949,260

  7%

  $58,452,884

• Comparable approach

  Method

  Valuation

  Relative Method

  $27,639,050

  Geo Method

  $27,639,050

• Alternative Use

  Use

  Valuation

  Residential

  $78,057,080

  Hospitality

  $71,499,872

  Educational

  $59,487,052

  Medical

  $61,532,904

  Retail

  $92,535,416

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.8819

Longitude

-87.6249

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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.

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 unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].