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Space AvailabilityTotal: 1
Unit NameFloorUnit NoSizeTermLease RateCondition

Description

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.

Lease Details

  • Lease Length

    Negotiable

  • Category

    mixed-use-multifamily / mixed-use-retail

  • Tenancy

    Multiple

  • Space Name

    Michigan Avenue Tower 1 | 1240-1254 S Michigan Ave

  • Lease Model

    Direct

  • Lease Rate Type

    Yearly

  • Gross Leasable Area

    2,092 SF

  • Total Lease Rate

    Undisclosed

  • No of Stories

    29

  • Space Location

    1240 S Michigan Ave, Chicago, IL 60605

Property Details

  • Total Building Space

    465,190 SF

  • No of Spaces/Suites

    1

  • Minimum Divisible

    2,092 SF

  • Year Built

    2005

Property Amenities

Location Amenities

Airport
Commuter Rail
Metro/Subway
Public Transportation