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1411 S Michigan Ave

South Loop, Chicago, IL
Floors
2
Total Size
27,750 sqft

About 1411 S Michigan Ave

Companies seeking to rent office space in a vibrant area should look no further than this fantastic opportunity at 1411 South Michigan Avenue, Chicago, Illinois. Tenants have the option of either leasing or buying the building.

Located in the epicenter of activity known as the South Loop neighborhood, this stone building has over 27,000 square feet of space, contained in two stories and a basement. The curbside location provides wonderful visibility, as well as walk-up traffic.

Inside 1411 South Michigan Avenue, potential tenants will find sprawling spaces ideal for an open-plan office environment, as well as varying types of offices and at least one multi-purpose room.

This building would be ideal for a mixed-use style development, and the heavy-traffic area makes for plenty of drive-by traffic from potential customers.

1411 South Michigan Avenue is located near tourist hotspots like Soldier Field and the Field Museum, as well as public transportation stations, restaurants and bars.

Internet Providers for 1411 S Michigan Ave

Provider Technology Max Download Speed Max Upload Speed
RCN and RCN Business Solutions Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
1 Gb/s
AT&T Illinois DSL
25 Mb/s
1.5 Mb/s
MegaPath Corporation DSL
25 Mb/s
25 Mb/s

The Neighborhood: South Loop

The typical asking rate per listing is in the $30's per square foot per year. The South Loop region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 12% decrease in rent.

Compared to the rest of the Chicagoland market, the South Loop submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Median Rate Median Size
South Loop $30
/sqft/yr
2,230
sqft
Median Rate Median Size
Chicagoland $24
/sqft/yr
2,400
sqft

Median Rate over Time in South Loop