Search Results for 

625 N Michigan Avenue, Chicago, IL

Welcome to SHOWCASE.COM, the Web's most comprehensive source of commercial property data, where you can search from 900,000 listings nationwide. To see more Commercial Real Estate listings, Office Space, Industrial Space, Retail Space, Commercial Land, Multi-Family or other commercial property types, just click the button to the right.
DetailMap
625 N Michigan Avenue

SEC
Chicago, IL 60611-3110 - North Michigan Avenue Submarket


Property Type:Office Sub Type:- Status:Existing , Renov 2000 Year Built:1970
Stories:28 Typical Floor:13,300 SF Building Size:343,072 SF
Smallest Space:1,172 SF Largest Space:37,107 SF Total Space Avail:75,643 SF Rent/SF/Yr:
$24.00 - $30.00
Amenities:24 Hour Availability, Air Conditioning, Controlled Access, Concierge, Conferencing Facility, Fitness Center, Food Service, Hotel, On Site Management, Property Manager on Site


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
12,369 SF
$30.00/SF/Yr
Vacant
Negotiable
Office
 3rd
12,369 SF
$30.00/SF/Yr
Negotiable
Negotiable
Office
 4th
12,369 SF
$30.00/SF/Yr
Vacant
Negotiable
Office
 5th
3,427 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
 10th
4,393 SF
$25.00 - $26.00/SF/Yr
30 Days
5 yrs
Office
 10th
1,787 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
 10th
3,724 SF
$26.50/SF/Yr
30 Days
Thru Dec 2021
Office
 12th
6,437 SF
$24.00/SF/Yr
Vacant
Negotiable
Office
 18th
2,807 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
 19th
1,172 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
 21st
5,290 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
 22nd
2,200 SF
$25.00 - $26.00/SF/Yr
Negotiable
5 yrs
Office
 25th
4,579 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
 25th
2,720 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
 
11157666
11157678
11157671
11005569
12180934
10347568
12300676
12641604
11073597
5617467
9902622
12031134
10670140
10445638
Floor Plan
  
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
12,369 SF
$30.00/SF/Yr
Vacant
Negotiable
Office
3rd
12,369 SF
$30.00/SF/Yr
Negotiable
Negotiable
Office
4th
12,369 SF
$30.00/SF/Yr
Vacant
Negotiable
Office
5th
3,427 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
10th
4,393 SF
$25.00 - $26.00/SF/Yr
30 Days
5 yrs
Office
10th
1,787 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
10th
3,724 SF
$26.50/SF/Yr
30 Days
Thru Dec 2021
Office
12th
6,437 SF
$24.00/SF/Yr
Vacant
Negotiable
Office
18th
2,807 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
19th
1,172 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
21st
5,290 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
22nd
2,200 SF
$25.00 - $26.00/SF/Yr
Negotiable
5 yrs
Office
25th
4,579 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
25th
2,720 SF
$25.00 - $26.00/SF/Yr
Vacant
5 yrs
Office
Renovated glass, marble lobby, and tenant lounge. 5 parking lots located within 2 blocks. Building has no 13th floor. Public transportation. Adjacent hotel. Handicap accessible. Storage.

This building was awarded an Energy Star label in 2013, 2014, 2015, 2016, 2017 for its operating efficiency.




Sale Notes:
OVERVIEW
Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to present the rare investment opportunity to acquire the condominium interest in the office portion (5th through 27th floors) of 625 North Michigan Avenue (the “Property”), representing 290,496 RSF. The 27 story office tower, strategically located on Chicago’s world-renowned Michigan Avenue or “Magnificent Mile” was completed in 1970, undergoing renovations in 2004, 2007, 2014 and 2016, including a lobby renovation, elevator upgrades, redesign of the first two floors of the façade, multi-tenant corridor upgrades, and an expansion of the ground-floor retail (not part of the offering).

PROPERTY SUMMARY
The Property is currently 87.7% leased to a diverse tenant base with a weighted average remaining term of 6.6 years, driven mainly by the Property’s anchor tenants, Northwestern University and Solomon Cordwell Buenz, who respectively have a remaining term of 12.7 years and 7.1 years. The Property has recently benefited from over 140,000 RSF of recent leasing activity, driven by recent improvements to the Property’s amenity base including a brand new tenant lounge, recently upgraded conference and fitness centers, and a successful spec suite program implemented on behalf of current ownership, which position the Property to capture tenants in high-growth industries.

LOCATION
The North Michigan Avenue submarket is one of Chicago’s premier office markets and home to many of Chicago’s advertising and media tenants along with government consulates, entertainment, medical and other service-related companies, in part due to the renowned North Michigan Avenue address.


Willard Jones Real Estate LLC
  
Bradford Allen Realty Services
  
Golub & Company
  
JLL


Share this listing

Copy and paste this HTML into your blog or web page:
<a href="http://www.showcase.com/property/625-N-Michigan-Avenue/Chicago/Illinois/1584" target="_blank">625 N Michigan Avenue, Chicago, IL - Commercial property</a>

Send Email
From:
To:
Subject:
Add a personalized message: (Optional)
Copyright © 1997-2018 CoStar Realty Information, Inc. All rights reserved.  |  About SHOWCASE.COM |  Advertise |  Site Map |  800-216-3234