174 N Michigan Avenue

Chicago, IL

Location: Chicago
Neighborhood: Michigan Ave
Status: Available for Lease
Acquisition Date: January 2017
Asset Type: High Street, Mixed-Use
Tenant(s): Vacant
Gross Square Footage: 30,000
174 N Michigan was purchased by L3 Capital and the State Teachers Retirement System of Ohio in a programmatic joint venture in 2015. The building was 40% occupied by three retail tenants at acquisition but was strategically vacated to allow for a future redevelopment. Michigan Avenue south of the River has transformed into a robust thoroughfare connecting to Millennium Park full of retail, residential, hospitality, dining, and entertainment options.  L3 is planning a new 3-story mixed-use retail/office building at this prime location.

Property Highlights

  • Flagship opportunity
  • Up to 30,000 SF of space
  • 40 FT of frontage on Michigan Ave
  • New construction
  • Incredible branding potential
  • Avg weekday ped counts +/- 18,000 per day

Leave a Comment