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545 N Michigan Ave 1,500 - 7,500 SF of 4-Star Retail Space Available in Chicago, IL 60611
Highlights
- Entire building available with full branding rights
- Dramatic two-story entrance with luxury retail build-out
- Fully built-out lower level for storage and operations
- Prime Magnificent Mile location adjacent to Aritzia flagship
- Mezzanine for private client experience or added sales floor
Space Availability (3)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Lower Level | 3,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor | 3,000 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| Mezzanine | 1,500 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Lower Level
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,500 SF of adjacent space
- Central Air and Heating
1st Floor
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,500 SF of adjacent space
- Central Air and Heating
Mezzanine
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 7,500 SF of adjacent space
- Central Air and Heating
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 545 N Michigan Ave, Chicago, IL 60611
- Tenant
- Description
- US Locations
- Reach
- City Year Chicago
- Services
- -
- -
- UGG
- Shoes
- 71
- International
| Tenant | Description | US Locations | Reach |
| City Year Chicago | Services | - | - |
| UGG | Shoes | 71 | International |
Property Facts
| Total Space Available | 7,500 SF | Gross Leasable Area | 18,931 SF |
| Property Type | Retail | Year Built/Renovated | 1928/1987 |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 7,500 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 18,931 SF |
| Year Built/Renovated | 1928/1987 |
About the Property
Position your brand at the epicenter of Chicago’s retail corridor with this one-of-a-kind flagship opportunity on North Michigan Avenue. This entire building offers unmatched visibility and branding potential along the world-renowned Magnificent Mile, adjacent to Aritzia’s new global flagship. The property features a dramatic two-story entrance, an existing luxury retail build-out, and a mezzanine ideal for private client experiences or additional sales floor. A fully built-out lower level provides ample space for storage, back-of-house operations, offices, and employee amenities. Floors three through five offer flexibility to remain fallow or be activated per tenant discretion, creating a customizable environment for premier retail concepts. With over 60,000 pedestrians daily, 26 million annual visitors, and $10 billion in retail sales on the Mag Mile, this location delivers unparalleled exposure. Chicago consistently ranks as the #1 large city in the U.S. by Condé Nast Traveler and is globally recognized for its vibrant food, culture, and shopping scene. This property is a rare chance to secure a dominant presence in one of the most coveted retail corridors in the world.
Nearby Major Retailers
