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Michigan Avenue Tower 1 | 1240-1254 S Michigan Ave

1240 S Michigan Ave, Chicago, IL 60605
Available Now
Undisclosed
45 views
FOR LEASEMixed Use / Multifamily + Retail
Total Building Space
465,190SF
Year Built
2005
Gross Leasable Area
2,092SF
Minimum Divisible
2,092SF
No of Stories
29
No of Spaces/Suites
1
Listing Contacts
Executive Vice President
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More property details

Tenancy
Multiple
Lease Rate Type
Yearly
Category
Mixed Use Multifamily / Mixed Use Retail
Lease Model
Direct
Lease Length
Negotiable
Available
Apr 17, 2026

Space Availability

Total: 1
Unit Name
Floor
Unit No
Size
Term
Lease Rate
Condition

Features & amenities

Location Amenities
Airport
Metro/Subway
Public Transportation
Commuter Rail

Location

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Michigan Avenue Tower 1 | 1240-1254 S Michigan Ave
About the location

Located at the base of a 29-story luxury condominium tower in Chicago’s South Loop, 1250 S. Michigan Avenue offers a 2,092-square-foot retail storefront within a six-unit retail strip totaling over 9,000 square feet. Built in 2006, the property features a stable mix of co-tenants including Jimmy John’s, Luxura Med Spa, Chitiva, Polish Me Nails & Spa, and June 1250 Dry Cleaners. Positioned just south of the signalized intersection of Michigan Avenue and Roosevelt Road, the site benefits from strong visibility and exposure to approximately 16,000 vehicles per day. Surrounded by a dense residential population and major attractions such as Grant Park, Museum Campus, Soldier Field, and Shedd Aquarium, the location also draws consistent foot traffic from nearby institutions like Columbia College Chicago and Wintrust Arena. Anchored by a strong presence of national retailers throughout the South Loop, this space is well-suited for service, boutique, or experiential retail users seeking high visibility and access to a built-in customer base in a highly active urban corridor.

Documents

FILE
1250 S Michigan Avenue Flyer.pdf
4.37 MB · Listing document
Michigan Avenue Tower 1 | 1240-1254 S Michigan Ave
mixed-use · United States · IL
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