Space AvailabilityTotal: 1
| Unit Name | Floor | Unit No | Size | Term | Lease Rate | Condition |
|---|---|---|---|---|---|---|
1240-1254 S Michigan Ave | 1st | 1250A | 2,092 SF | Negotiable | Undisclosed | Full Build-Out |
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



