116 South Michigan Avenue

Off Market

116 South Michigan Avenue, Chicago, IL 60603

  • Office
  • General Office
  • 102,289 Sqft

116 South Michigan Avenue, Chicago, IL 60603 - Office Space

116 South Michigan Avenue is located at 116 South Michigan Avenue in the Downtown Chicago neighborhood, IL, Chicago, 60603. The Class B Office building was completed in 1907 and features a total of 102,289 Sqft.

There are 124 office spaces for lease in the Downtown Chicago neighborhood, totaling 504,440 Sqft of available office space. The office space availability for the 60603 zip code is 1,736,573 Sqft, in 239 office spaces. The average asking office rent per sq. ft. in Downtown Chicago is $27.99/sqft/year. For Class A office buildings the average office rate is $34/sqft/year, for Class B office buildings the average office rate is $24.34/sqft/year, for Class C office buildings the average office rate is $28/sqft/year.

In Downtown Chicago, there are 23 class B office buildings. In Downtown Chicago, there are a total of 4 LEED certified office buildings. In 1907, the same year 116 South Michigan Avenue was built, 4 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Chicago, featuring 831,953 square feet of commercial space. At zip code level, there are 33 commercial properties, of which 32 are office buildings over 50,000 square feet.

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Details

  • City Chicago
  • Neighborhood Downtown Chicago
  • Zip Code 60603
  • Market Chicago
  • Property Type Office - General Office
  • Property Size 102,289 Sqft
  • Lot Size 0.16 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1907
  • Date Updated 07 Apr, 2020

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.com.

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 116 South Michigan Avenue?

116 South Michigan Avenue totals 102,289 square feet.

When was this property built?

116 South Michigan Avenue was built in 1907.

Downtown Chicago Demographics

The average household income in zip code 60603 is $244,614, from a total of 564 households. In terms of employment, there are 98.01 % white-collar and 1.99 % blue-collar jobs in zip code 60603.

Population

  • Total Population21,949
  • Male Population(48.0 %) 10,543
  • Female Population(52.0 %) 11,406
  • Median Age33.00

Income/Financial

  • Average Household Income$152,682
  • Median Household Income$113,707
  • Median Income Under 25$16,136
  • Median Income 25-44$132,314
  • Median Income 45-64$149,133
  • Median Income Over 65$89,257