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318 S Michigan Avenue, Chicago, IL 60604

318 S Michigan Avenue, Chicago, IL 60604
Don't miss this rare chance to secure a landmark location on Chicago's iconic Michigan Avenue! This expansive 9,050 SF (GLA) storefront condominium offers an unparalleled opportunity to capitalize on the city's vibrant energy and massive tourist traffic. Imagine: Your brand showcased in a stunning space featuring 7,170 SF of ground floor prominence, a dynamic 1,880 SF mezzanine, and a substantial 1,950 SF basement for free (as a bonus, not included in psf )- all within Chicago's bustling Michigan Avenue in Central Business District (CBD). This is more than just a space; it's a launchpad for success. The open shell layout, bathed in natural light from massive windows, provides a blank canvas for your vision. The coveted DX-16 zoning allows for a wide range of possibilities, including a high-impact restaurant concept perfectly positioned to capture the attention of Chicago's 50+ million annual visitors. Plus, envision the allure of outdoor patio space, drawing in passersby. Location is everything, and this property delivers. Steps from the Adams/Wabash and Jackson "L" stations, and a short stroll to iconic landmarks like The Bean, Millennium Park, and The Art Institute, you'll be at the heart of Chicago's cultural epicenter. A dense population of students from nearby universities (DePaul, Roosevelt, and more) ensures consistent foot traffic. Here's what sets this opportunity apart: 1) Massive Investment: Over $1,000,000 has already been invested in critical infrastructure upgrades, including sprinkler systems, high capacity electrical service (800 AMP) and a never used 40 ton chiller, black iron infrastructure in place, and structural reinforcement. 2) Unprecedented Tenant Improvement Allowance: The owner is offering a $1,000,000 CASH Tenant Improvement (TI) allowance to jumpstart your renovation and bring your vision to life! This is a truly exceptional opportunity to customize the space to your exact specifications. 3) Strategic Location: Unrivaled exposure on Michigan Avenue, in the heart of the CBD, with immediate access to public transportation and world-renowned attractions. 4) Ready for Immediate Occupancy: The open shell layout allows for rapid customization and build-out. 5) Financials: $68 psf/year NNN. Property taxes (3 PINs) approximately $47,349/year. HOA fees approximately $3,800/month (includes cold water, hot water, heat, common insurance, and common area maintenance). 5) Ownership Opportunity: The property ownership share is also available for sale, providing a potential avenue for long term investment. This is a limited-time opportunity. Highly motivated tenants should act quickly! Contact us today to schedule a private showing and explore the immense potential of this prime Michigan Avenue location. Don't just rent a space, secure a legacy!
Year Built1880

Porperty Highlights

  • Property ID 12312918
  • Property Status Active
  • Year Built 1880
  • Garage Size x x
  • Property Type Commercial Lease
  • Utilities Electric to Site,Gas to Site,Sanitary Sewer,Water to Site
  • Cooling Central Individual,Chillers
  • County Cook
  • Property Type Commercial Lease
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

We provide personalized consultation for purchasing luxury properties, including custom property searches, negotiation assistance, and support throughout the entire acquisition process, including connections with industry professionals such as lawyers and notaries.

You can contact us directly through our contact form or by phone to schedule an appointment with one of our experts. We will evaluate your property and create a customized marketing strategy to ensure you get the best possible return.

Yes, we offer comprehensive property management services for luxury homes, including maintenance, rental management, and oversight of daily operations to ensure your investment is always in top condition.

Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

Absolutely. We offer detailed and personalized virtual tours for every property, allowing you to explore homes from anywhere in the world. Contact us to schedule a virtual tour appointment.

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Inquiry For This Property

318 S Michigan Avenue, Chicago, IL 60604

Discover how our unparalleled luxury properties can elevate your lifestyle. Reach out to us for more information or to schedule a private viewing.

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