320 S Michigan Ave
Chicago, IL 60604
Richelieu Flats · Property For Lease · 73,398 SF

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 price 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, and structural beams 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: Black iron ductwork for a commercial kitchen is in place. The open shell layout allows for rapid customization and build-out. 5) Financials: $68 psf/year NN. Property taxes (3 PINs) are included. Tenant pays HOA fees approximately $5psf/year CAM (includes cold water, hot water, heat, common insurance, and common area maintenance) , and property insurance 6) 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!