Office Space - For Lease
1507 South Michigan Avenue Chicago, IL 60605
Details & Description
Price: $0
    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.
    Property ID:    300289
    Property URL: melqr.com/300289
    Generated:    04-01-23
    Property Highlights
    Additional Photos
    Listing Agents
    Tony Hardy

    O: 773-575-6082
    tonyhardy@kw.com
    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.
    Office Space / Illinois / Chicago / 60605 / 1507 South Michigan Avenue

    1507 South Michigan Avenue

    Chicago, IL 60605

    Listing ID: 300289
    $22.00 - $25.00   (SF / Year)
    For Lease
    • Property Type Office for Lease : Professional
    • Unit Sq Ft Range 4,500 - 22,500
    • Annual Rate/SF Range $22.00 - 25.00
    • Monthly Price Range $8,250.00 - 46,875.00
    • Service Type Mod. Gross
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    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

    Chicago Area Market Trends

    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 Population46,198302,199705,182
    Population Median Age393837
    Population by Age0-9 Yrs3074 (6%)22071 (7%)66068 (9%)
    10-19 Yrs2351 (5%)22785 (7%)64119 (9%)
    20-29 Yrs9671 (20%)71647 (23%)163753 (23%)
    30-39 Yrs12239 (26%)68317 (22%)143870 (20%)
    40-49 Yrs5212 (11%)33309 (11%)80477 (11%)
    50-59 Yrs6441 (13%)31515 (10%)73036 (10%)
    60-69 Yrs3657 (7%)28928 (9%)62204 (8%)
    70+ Yrs3550 (7%)23628 (7%)51655 (7%)
    Median HH Income$106,534$89,450$77,243
    Total Household Income< 24K3853 (15%)28824 (18%)67714 (21%)
    25-49K2057 (8%)18025 (11%)48344 (15%)
    50-74K2790 (10%)19920 (12%)41762 (12%)
    75-99K3273 (12%)17994 (11%)36495 (11%)
    100-199K8591 (33%)41954 (27%)78391 (24%)
    200K+4939 (19%)27623 (17%)49486 (15%)
    Highest Education LevelNo Diploma27512055262705
    Diploma or GED20602502076645
    Some College37422440460813
    Assoc. Degree1354809820718
    Bachelors Degree1179178706157914
    Higher Degree1656075706135779
    Total Housing Units27,467174,508363,323
    --Owner-Occupied12,17259,534123,762
    --Renter-Occupied13,33094,806198,431
    Owner-Occupied Values< 100K20816155824
    100-199K564376115590
    200-299K21001148923216
    300-399K35781282421248
    400-499K20711014317224
    500K+36511970340660
    Total Working Age Population41,974269,430604,186
    In Work Force31,303192,575419,018
    Not In Work Force10,67176,856185,169
    Workforce Employed30,147182,583391,639
    Workforce Unemployed1,1389,88927,189
    Civlian Workforce31,285192,472418,829
    Military Workforce18102189
    Total Households25,501154,340322,193
    Family Households9,74858,348136,613
    Non-Family Households15,75495,992185,579
    Married Couple7,81543,34791,641
    Other Family1,93315,00044,972
    Married w/Child1,92812,22030,918
    Single Male w/Child961,1863,960
    Single Female w/Child7215,12917,364

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243

    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.

    Listing Location & Map Views
    Other Office Space 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 -
    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 -
    404 South Wells Street, Chicago, IL $8,333-25,000/mo 4,000-12,000 -
    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
    Listing Agent
    Tony Hardy - CRE Agent at

    Tony Hardy

    Independent Agent

    773-575-6082 (office)

    VIEW AGENT PROFILE

    kwcommercial.com

    CONTACT ME

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