Michigan Avenue Towers I & II - Multi-Tenant Retail Condo

Don’t miss the chance to own a piece of Chicago’s famed Michigan Avenue! (OPPORTUNITY FOR VALUE-ADD)

The ground-floor retail condominiums at 1250 South Michigan Avenue and 1400 South Michigan Avenue are prime, high-visibility commercial assets in the heart of Chicago's vibrant and fast-growing South Loop neighborhood.​ Each is positioned on the retail/street-level 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 home of the legendary Chicago Bears.​ Ten retail spaces comprise the combined asset, including 6 at 1250 S.​ Michigan and four at 1400 S.​ Michigan.​ Only one vacancy remains between the two as of the time of writing.​

The properties contain a diverse tenant mix, including Jimmy John’s, Waffles Restaurant, Go Grocer, Chi’Tiva Bakery, Luxura Day Spa, and more local favorites.​ Local independent operators and multi-store franchisees and chains make for a stable rental stream.​

These properties benefit from their strategic positioning along one of the city’s most prominent thoroughfares, attracting a diverse mix of pedestrians, residents, and commuters.​ Both buildings are near major cultural attractions, dining, and retail hubs, creating an ideal environment for retail or service-based tenants seeking high foot traffic and solid demographic support.​ The combined asset also includes 37 income-producing secured garage parking spaces and income-producing rooftop antennas, with space to add more.​ Together, there is 1 vacant retail space, multiple parking stalls and extensive opportunities to add more income by adding rooftop equipment renters.​

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  Prestigious Michigan Avenue address in Chicago's South Loop

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  230 luxury condos in 1250 S. Michigan, and 257 luxury condos in 1400 S. Michigan, varying between

  $300,000 and $900,000 (487 condos total - residential condos not included in sale)

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  Across the street (1400) from RUSH Hospital South Loop

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  Booming area growth, with 154.3% population increase from 2000-2022 in the South Loop

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  There is a high density of affluent residents nearby, and thousands more residences are being built and planned for the near future, including 800 new apartments starting construction soon in NEMA Chicago tower two across the street from 1250 S. Michigan

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  Steps from Grant Park, Roosevelt Road, and the Museum Campus

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  High foot and automotive traffic numbers with 34,300 VPD, ideal for retail exposure.

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  Close to CTA Redline station for easy public transit access

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  Income-generating amenities: 37 secured parking spaces and rooftop antennas

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  VALUE-ADD OPPORTUNTIES: 1 vacant leaseable retail space, multiple vacant monthly rental parking garage stalls, and myriad opportunities to add value with rooftop equipment tenants