PROPERTY KEY FEATURES
Prestigious Michigan Avenue address in Chicago's South Loop
Located at the base of two luxury residential towers (487 condos total)
Directly across the street (1400) from RUSH Hospital South Loop
Close proximity to Columbia College Chicago
High foot and vehicle traffic, ideal for retail exposure
Excellent visibility along a prime thoroughfare
Steps from Grant Park, Roosevelt Road, and the Museum Campus
Close to CTA Redline station for easy public transit access
Dense, affluent resident base with significant new developments nearby
Income-generating amenities: 37 secured parking spaces and rooftop antennas
1250 S MICHIGAN 1400 S MICHIGAN
Prominent/prestigious Michigan Avenue Address
230 luxury condos in 1250 S. Michigan, and 257 luxury condos in 1400 S. Michigan, varying between $300,000 and $900,000
Huge foot and automotive traffic numbers with 34,300 VPD
Excellent visibility
Close proximity to Roosevelt Road, CTA Redline train station, Grant Park, Soldier Field, and the Chicago Museum Campus
High density of affluent residents nearby, and thousands more residences being built and planned for the near future, including 800 in NEMA Chicago tower 2 across the street from 1250 S Michigan
Huge 154.3% population increase from 2000-2022 in the South Loop
LOCATION SUMMARY
ACCESS
These properties are easily accessible from Michigan Avenue, one of Chicago’s main thoroughfares Located just off Roosevelt Road, access is a snap from I-90 and Lakeshore Drive, as well. Public transportation goers are able to get to the properties by either the Roosevelt CTA station, serving the red, green and orange lines, as well as the Museum Campus / 11th Street Metra station, just 2 blocks away.
IMMEDIATE AREA
South Loop is one of Chicago’s hot spots for new residential development Condominium and loft builders have taken the area’s vacant lots by storm in recent years and the result is a flourishing new construction home market that has caught the attention of first-time buyers and second home investors alike Some 14,000 residents live within just a quarter-mile radius of these South Michigan Avenue properties, and that number grows every quarter.
The South Loop is one of Chicago’s biggest tourist destinations because it is home to Grant Park, which is famous for its huge outdoor summer festivals, concerts and events; and the Museum Campus is in the South Loop which houses the Shedd Aquarium, Alder Planetarium, Northerly Island and the Field Museum. Soldier Field, where the Chicago Bears play their games, is just steps away from Michigan Avenue. Grant Park is a bustling hub for the city’s endless schedule of festivals and fairs, including the famous week-long Taste of Chicago when local restaurateurs set up booths to show the world just why Chicago is one of America’s culinary capitals.
DESCRIPTION
The ground-floor retail condominiums at 1250 South Michigan Avenue and 1400 South Michigan Avenue are prime, highvisibility commercial properties in the heart of Chicago's vibrant and fast-growing South Loop neighborhood Each is positioned at the base 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 Chicago Bears home 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.
UPSIDE POTENTIAL
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 rooftop antennas There is room to add to the net operating income of the property by leasing the 2,092 square foot vacancy, leasing the multiple vacant garage parking spaces, and supplementing the ancillary income by adding more rooftop antenna and equipment tenants
