SOUTH MICHIGAN AVENUE CHICAGO, IL 60616
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1 First & Second Floor Retail And Office Space For Lease In Chicago's South Loop SOUTH MICHIGAN AVENUE CHICAGO, IL DETAILS First Floor 2,200-18,864 SF Second Floor Up To 20,675 SF Lease Rate Negotiable Lot Size 0.48 Acres Year Built 1951 Renovated 2017 Zoning DX-5 Market Cook County Sub Market South Loop Cross Streets East 21st Street And South Michigan Avenue PROPERTY OVERVIEW First and second floor retail or office spaces available for lease in Chicago's South Loop. Located just a few blocks from Chicago's Central Business District. The property was recently renovated in 2017 and is an ideal fit for a variety of retail, restaurant, office or medical office tenants. Both first and second floor units contain a raw, open interior with vaulted (15'-23') ceilings. Can accommodate restaurants requiring black iron. Tenant signage available along S. Michigan Avenue. Additionally, the property is located two (2) blocks from the Roosevelt "L" station (Red, Orange & Green lines), the interstate system (I-55) and Lake Shore Drive. Neighboring retailers include Mariano's, Jewel-Osco, Trader Joe's, Walgreens, Starbucks, PNC Bank, Chase, Dunkin' Donuts, UFC Gym and many more. PROPERTY HIGHLIGHTS Prime leasing opportunity for a retail or office user in the heart of the South Loop just a few blocks from the CBD Parking Lot adjacent to the property offers on-site parking for tenants Extremely dense area with 44,000 households within a 2-mile radius mtarshis@ (P) (C) arubin@ (P) (C) zpearlstein@ (P) (C)
2 FOR LEASE PROPERTY DESCRIPTION SOUTH LOOP DEVELOPMENTS One of the primary highlights the property offers is the rapidly growing community. Thanks to the properties proximity to the central business district, top parks, cultural attractions and schools, Chicago's South Loop has started to become one of the hottest markets for newer construction. Some of the newer developments under construction will include, eight (8) high-rise apartment buildings, two (2) hotel expansions, office buildings and even DePaul's new Wintrust Arena, just minutes away from subject offering. All of these new developments will provide additional exposure to the property but it will also create a more vibrant community. WINTRUST ARENA DePaul University's new sporting area is located at 200 East Cermak Road. The new arena is a part of the university's redevelopment plan to transform the South Loop campus and the surrounding neighborhood into a vibrant entertainment district. The building features a 10,000 person capacity, an indoor parking garage, luxury suites and two (2) VIP lounges. The arena has multiple uses ranging from men's and women's basketball games, concerts, family shows and business conventions to name a few. The arena is expected to open in Fall E S S E X O N T H E PA R K This new development is a 56-story project located at 808 South Michigan Avenue. The former parking garage is being replaced by a high rise apartment building that will include 479 high-end rental apartments, ground floor retail space and an indoor parking garage. The new skyscraper will coincide with the 14-story Essex Inn however the new structure will be rental apartments only and will contain amenities such as a restaurant, elevated bar and an indoor winter garden S O U T H M I C H I G A N AV E N U E A new 47-story apartment complex has broken ground in Chicago's South Loop. The former parking lot is being redeveloped into a glassy, modernized apartment complex which is expected to hold over 500 rental units. The development will feature 7,500 square feet of ground retail space, parking garage, a dog park, rooftop pool and lounge space fo mtarshis@ (P) (C) arubin@ (P) (C) zpearlstein@ (P) (C)
3 S CLARK ST S INDIANA AVE 41 SHEDD AQUARIUM FIELD MUSEUM CHICAGO FIREHOUSE LAKE SHORE DRIVE STATE STREET M LOUNGE S WABASH AVE VICE DISTRICT BREWING COMPANY CYCLE BIKE SHOP WEATHER MARK TAVERN BELLA BRONZE TAN GIORDANO DANCE SOLDIER FIELD ACADIA SOUTH COAST SUSHI IMAZAKI DOJO SOUTH LOOP MARKET 41 W 18TH STREET SPOKE & THE BIRD CHINATOWN S CLARK ST S ARCHER AVE REGGIE S LA CANTINA SITE PIZANO S PIZZA LINCOLN S CHALLENGE ACADEMY (Military Youth Corps) W CERMAK RD VELVET LOUNGE STATE STREET S MICHIGAN AVE MCCORMICK PLACE MOTOR ROW BREWING 55 41
4 FOR LEASE LOCATION MAPS (P) (C) (P) (C) (P) (C)
5 FOR LEASE DEMOGRAPHICS MAP POPULATION 1 MILE 2 MILES 3 MILES TOTAL POPULATION 28, , ,965 POPULATION DENSITY 28, , ,965 MEDIAN AGE MEDIAN AGE (MALE) MEDIAN AGE (FEMALE) HOUSEHOLDS & INCOME 1 MILE 2 MILES 3 MILES TOTAL HOUSEHOLDS 14,085 44, ,307 # OF PERSONS PER HH AVERAGE HH INCOME $85,503 $74,796 $87,227 AVERAGE HOUSE VALUE $441,556 $385,214 $404,686 mtarshis@ (P) (C) arubin@ (P) (C) zpearlstein@ (P) (C)
6 FOR LEASE ADDITIONAL PHOTOS (P) (C) (P) (C) (P) (C)
7 FOR LEASE ADDITIONAL PHOTOS (P) (C) (P) (C) (P) (C)
Second Floor Space Available For Lease In Chicago's South Loop
Second Floor Space Available For Lease In Chicago's South Loop 2210-16 SOUTH MICHIGAN AVENUE CHICAGO, IL 60616 DETAILS Available SF 8,207 SF Lease Rate $21.00 PSF NNN Building Size 34,500 SF Renovated
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