Office Space / Illinois / Chicago / 60605 / 1507 South Michigan Avenue

1507 South Michigan Avenue

Q: What is the asking price for 1507 South Michigan Avenue in Chicago?

The asking price for 1507 South Michigan Avenue is $22.00 - $25.00 a SF per Year

Q: What is the building size of this commercial Office property?

The size of this multi-unit property varies between 4500 - 22500 square feet.

Q: What kind of Office is the propery at 1507 South Michigan Avenue?

The property at 1507 South Michigan Avenue Chicago, IL 60605 is listed as a Professional Office property.

Q: What is the population within 1 mile of 1507 South Michigan Avenue?

The population within 1 mile of 1507 South Michigan Avenue Chicago, IL 60605 is 46,198 people.

Q: Who do I contact for questions about 1507 South Michigan Avenue?

You should contact the listing agent, Tony Hardy , for any details regarding this commercial listing.

Chicago, IL 60605

Listing ID: 300289

Print Single-Page Version

1507 South Michigan Avenue | for Lease | Thumbnail 1

1507 South Michigan Avenue | for Lease | Thumbnail 2

1507 South Michigan Avenue | for Lease | Thumbnail 3

1507 South Michigan Avenue | for Lease | Thumbnail 4

1507 South Michigan Avenue | for Lease | Thumbnail 5

1507 South Michigan Avenue | for Lease | Thumbnail 6

1507 South Michigan Avenue | for Lease | Thumbnail 7

1507 South Michigan Avenue | for Lease | Thumbnail 8

Unit Size: 4.5K - 22.5K SF

Annual Rate/SF: $22.00 - 25.00

Monthly Price: $8.2K - 46.8K

Service Type: Mod. Gross

Lot Size: --

Land Size: --

Price

$22.00 - $25.00 sf/yr

Property Highlights

16 Surface Spaces are available

0.5 - mile to Chicago's Central Business District

1 - mile to Soldier Field Stadium

1 - mile to I-90/94

1 - mile to McCormick Place

1.5 - miles to Museum Campus

4 minutes walking distance to Lake Shore Drive

Walk Score® - "Walker's Paradise" (93) score. Very close to Grant Park and Buckingham Founta

10 minutes walking distance to Roosevelt Red/Green/Orange Line Station

4 minutes biking distance from Metra Station

High Ceilings and Natural Light on all floors

Description

Multifamily Investment Advisors is pleased to present 1507 S Michigan. Originally built in 1903, this building has an excellent unit mix consisting of 6 units that are each 4,500 SQ FT. Chicago’s South Loop, a colorful 74- square-block neighborhood that is home to iconic Chicago museums, lakefront parks and popular South Loop event venues, including gourmet restaurants and luxury hotels. South Loop venues are within close proximity to downtown Chicago and features fantastic public transportation options, including access to all four Chicago Transit Authority (CTA) rail lines. The neighborhood is located only eight miles from Midway International Airport and 20 miles from O’Hare International Airport.

Attachments & Files

1507-s-michigan-2023-om-optimized-jyw-gNw.pdf

Traffic Counts

Points of Interest & Demographic Radii

Points of Interest

Demographic Radii

POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Chicago History of Office Space for Lease

Listing Demographics for 1507 South Michigan Avenue Chicago, IL 60605

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		46,198	302,199	705,182
Population Median Age		39	38	37
Population by Age	0-9 Yrs	3074 (6%)	22071 (7%)	66068 (9%)
	10-19 Yrs	2351 (5%)	22785 (7%)	64119 (9%)
	20-29 Yrs	9671 (20%)	71647 (23%)	163753 (23%)
	30-39 Yrs	12239 (26%)	68317 (22%)	143870 (20%)
	40-49 Yrs	5212 (11%)	33309 (11%)	80477 (11%)
	50-59 Yrs	6441 (13%)	31515 (10%)	73036 (10%)
	60-69 Yrs	3657 (7%)	28928 (9%)	62204 (8%)
	70+ Yrs	3550 (7%)	23628 (7%)	51655 (7%)

Median HH Income		$106,534	$89,450	$77,243
Total Household Income	< 24K	3853 (15%)	28824 (18%)	67714 (21%)
	25-49K	2057 (8%)	18025 (11%)	48344 (15%)
	50-74K	2790 (10%)	19920 (12%)	41762 (12%)
	75-99K	3273 (12%)	17994 (11%)	36495 (11%)
	100-199K	8591 (33%)	41954 (27%)	78391 (24%)
	200K+	4939 (19%)	27623 (17%)	49486 (15%)

Highest Education Level	No Diploma	2751	20552	62705
	Diploma or GED	2060	25020	76645
	Some College	3742	24404	60813
	Assoc. Degree	1354	8098	20718
	Bachelors Degree	11791	78706	157914
	Higher Degree	16560	75706	135779

Total Housing Units		27,467	174,508	363,323
--Owner-Occupied		12,172	59,534	123,762
--Renter-Occupied		13,330	94,806	198,431
Owner-Occupied Values	< 100K	208	1615	5824
	100-199K	564	3761	15590
	200-299K	2100	11489	23216
	300-399K	3578	12824	21248
	400-499K	2071	10143	17224
	500K+	3651	19703	40660

Total Working Age Population		41,974	269,430	604,186
In Work Force		31,303	192,575	419,018
Not In Work Force		10,671	76,856	185,169
Workforce Employed		30,147	182,583	391,639
Workforce Unemployed		1,138	9,889	27,189
Civlian Workforce		31,285	192,472	418,829
Military Workforce		18	102	189

Total Households		25,501	154,340	322,193
Family Households		9,748	58,348	136,613
Non-Family Households		15,754	95,992	185,579
Married Couple		7,815	43,347	91,641
Other Family		1,933	15,000	44,972
Married w/Child		1,928	12,220	30,918
Single Male w/Child		96	1,186	3,960
Single Female w/Child		721	5,129	17,364

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Illinois	12,419,293	+3	12,830,632	+12	14,316,487	+6	15,138,849
Cook County	5,376,741	-3	5,194,675	+10	5,707,832	+5	5,990,243

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 1507 South Michigan Avenue in Chicago?

The asking price for 1507 South Michigan Avenue is $22.00 - $25.00 a SF per Year

What is the building size of this commercial Office property?

The size of this multi-unit property varies between 4500 - 22500 square feet

What kind of Office is the propery at 1507 South Michigan Avenue?

The property at 1507 South Michigan Avenue Chicago, IL 60605 is listed as a Professional Office property

What is the population within 1 mile of 1507 South Michigan Avenue in Chicago?

The population within 1 mile of 1507 South Michigan Avenue Chicago, IL 60605 is 46,198 people.

Who do I contact for questions about 1507 South Michigan Avenue?

You should contact the listing agent, Tony Hardy , for any details regarding this commercial listing.

Other Listings for Lease Nearby

Address	Price	Sq Ft	Acres
1462 South Michigan Avenue, Chicago, IL	$3,480/mo	1,392	-
1556 South Michigan Avenue, Chicago, IL	$9,653/mo	7,240	-
1331 South Michigan Avenue, Chicago, IL	$4,875/mo	3,900	-
2031 South Indiana Avenue, Chicago, IL	$5,668/mo	1,582	-
727 South Dearborn Street, Chicago, IL	$9,666/mo	4,000	-
621 South Plymouth Court, Chicago, IL	$11,401/mo	7,601	-
542 South Dearborn Street, Chicago, IL	CALL	1,376-6,723	-
41 West Congress Parkway, Chicago, IL	CALL	3,000-12,000	-
401 South LaSalle Street, Chicago, IL	$1,607-30,987/mo	877-8,451	-
411 South Wells Street, Chicago, IL	CALL	785-4,365	-

Closest Commercial Airports

Airport	Distance (mi)
Chicago Midway International Airport (MDW)	8
Chicago O'Hare International Airport (ORD)	17
South Bend Regional Airport (SBN)	68