1449 S Michigan Ave CHICAGO, IL
1449 S Michigan Ave CHICAGO, IL PRICING AND FINANCIAL ANALYSIS SOUTH LOOP OFFERING 8,033 SF OF RETAIL & OFFICE SPACE PROPERTY OVERVIEW: 1449 S Michigan Ave is 8,000+ square feet sitting on a 4,037 square foot parcel of land. 25 feet of Michigan Ave frontage with storefront space on the first floor and office space on the second floor. Michigan Avenue gets 19,400 vehicles per day. The façade is brand new with large windows providing plenty of natural light. The 2nd floor space has skylights that give the space character and beautiful lighting. The first floor retail space is leased and we are currently marketing the 2nd floor space with heavy interest. Located in the South Loop, this building is a short distance from McCormick Place, Wintrust Arena, and Marriott Marquis Hotel. It is also just two blocks from the Cermak Green Line L Station. A $390M expansion project to grow the nearby area is underway to create McCormick Square: a destination for new nightlife, hotels, and retail attractions. One of the primary highlights of the property is the rapidly growing community. Thanks to the properties proximity to the central business district, top parks, cultural attractions and schools, Chicago's South Loop has started to become one of the hottest markets for newer construction. Some of the newer developments include eight high-rise apartment buildings, two hotel expansions, office buildings and DePaul's Wintrust Arena. All of these new developments will provide additional exposure to the property but it will also create a more vibrant community. Much of its eastern edge is encompassed by the Museum Campus, an impressive collection of cultural treasures that includes the Field Museum, Adler Planetarium and Shedd Aquarium.
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