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