Want to own a piece of Chicago’s Michigan Avenue?
These ground-floor retail condominiums at 1250 South Michigan Avenue and 1400 South Michigan Avenue are prime, high-visibility commercial properties in the heart of Chicago’s vibrant and fast-growing South Loop neighborhood. Each is positioned at the base of a luxury high-rise residential condominium tower and boasts an address on Chicago’s famous Michigan Avenue, blocks from the legendary Magnificent Mile. They are situated within a moment’s walk of Grant Park, bustling Roosevelt Road, and the “museum campus,” including Soldier Field, the Chicago Bears home. Ten retail spaces comprise the combined asset, including six at 1250 S. Michigan and four at 1400 S. Michigan. Only one vacancy remains between the two as of the time of writing.
Opportunity For Substantial Addition to NOI!
PROPERTY DETAILS
1250 S Michigan
- PRODUCT TYPE | Retail Condo
- RBA | 9,152 SF
- OCCUPANCY | 77.2%
- LOT SIZE | 0.84 ACRES
- ZONING | DX-12
1400 S Michigan
- PRODUCT TYPE | Retail Condo
- RBA | 8,260 SF
- OCCUPANCY | 100%
- LOT SIZE | 0.68 ACRES
- ZONING | DX-12
LOCATION
The South Loop continues to see strong population growth, with average household incomes exceeding $140,000, further supporting this location’s desirability for retailers and tenants. This is an excellent opportunity to acquire a stabilized, high-quality retail asset in one of Chicago’s most vibrant and rapidly developing neighborhoods, with compelling returns and opportunities for value creation.
FEATURED TENANTS
PRICING
NOI | $608,824.56
CAP RATE | 7%
ASKING PRICE | $8,699,000.00
Take advantage of this rare opportunity to acquire a stabilized, high-demand retail asset in one of Chicago’s most sought-after locations, offering both immediate income and long-term growth potential.
Interested? Contact Scott Levinson today!
Explore our Current Listings
Since 1955, Matanky Realty Group has helped shape Chicago’s communities through real estate brokerage and development. View the listings of our available properties here.