2218 South Michigan Avenue - Office Space Availability

For Lease$16 - $22/Sqft/Year See below for details.

2218 S Michigan Ave, Chicago, IL 60616

  • Office
  • 8,250 Sqft

2218 South Michigan Avenue, Chicago, IL 60616 - Office Space for rent

2218 South Michigan Avenue is located at 2218 S Michigan Ave in the South Loop neighborhood, IL, Chicago, 60616. The Office building was completed in 1928 and features a total of 8,250 Sqft. There are 2 Office spaces available for lease at 2218 S Michigan Ave, Chicago, IL, 60616, totaling 8,250 Sqft. The largest space available has 4,125 Sqft and a rental rate of $22/Sqft/Year.

There are 66 office spaces for lease in the South Loop neighborhood, totaling 746,069 Sqft of available office space. The office space availability for the 60616 zip code is 152,151 Sqft, in 30 office spaces. The average asking office rent per sq. ft. in South Loop is $22.37/sqft/year. For Class B office buildings the average office rate is $22.85/sqft/year.

In South Loop, there are 5 class A office buildings, there are 10 class B office buildings, there are 2 class C office buildings. In South Loop, there are a total of 1 LEED certified office buildings. In 1928, the same year 2218 South Michigan Avenue was built, 181 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Chicago, featuring 2,245,828 square feet of commercial space. At zip code level, there are 21 commercial properties, of which 9 are office buildings over 50,000 square feet.

Nearby Listings

Nearby Properties

Details

  • Lease Rate $16 - $22/Sqft/Year
  • City Chicago
  • Neighborhood South Loop
  • Zip Code 60616
  • Property Type Office
  • Property Size 8,250 Sqft
  • Lot Size 0.11 Acre
  • Year Built 1928
  • Date Updated 11 Nov, 2020

Availability

Suite Name Space Type Lease Rate Space Available
1st Floor Retail $22/Sqft/Year 4,125 Sqft
  • Suite 1st Floor
  • Space Type Retail
  • Total Space Available 4,125 Sqft
  • Floor From 1 To 1
  • Divisible Space No
  • Min Divisible 4,125 Sqft
  • Max Contiguous 4,125 Sqft
  • Lease Rate $22/Sqft/Year
  • Possession Type Immediate
  • Lease Type NNN
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No
Suite 200 Office $16/Sqft/Year 4,125 Sqft
  • Suite Suite 200
  • Space Type Office
  • Total Space Available 4,125 Sqft
  • Floor From 2 To 2
  • Divisible Space No
  • Min Divisible 4,125 Sqft
  • Max Contiguous 4,125 Sqft
  • Lease Rate $16/Sqft/Year
  • Possession Type Immediate
  • Lease Type Modified Gross
  • Call For Terms Yes
  • Renewal Option Yes
  • Sub Lease No

Description

2218 S Michigan welcomes you to historic Motor Row which used to be one of the most popular auto areas in the country in the early 1900s. After undergoing renovations, this building has a brand new beautiful facade to showcase the street-level retail space and second-floor office space that it offers.

It is located near public transit as the Cermak-McCormick Place L station is only steps away. Motor Row Brewing and several other dining options along with multiple hotels neighbor the structure. It is also less than one mile from Lake Shore Drive and Interstate-55.

FREQUENTLY ASKED QUESTIONS

How many office spaces are available at 2218 South Michigan Avenue?

There are currently 2 office spaces in this building.

What is the largest space available at 2218 South Michigan Avenue?

Currently, the largest rentable space at 2218 South Michigan Avenue totals 4,125 square feet.

What is the lease rate of the largest space available?

The monthly lease rate for the largest space available at 2218 South Michigan Avenue is $22/Sqft/Year per square foot.

What is the total square footage of 2218 South Michigan Avenue?

2218 South Michigan Avenue totals 8,250 square feet.

When was this property built?

2218 South Michigan Avenue was built in 1928.

South Loop Demographics

The average household income in zip code 60616 is $69,607, from a total of 24,417 households. In terms of employment, there are 89.02 % white-collar and 10.98 % blue-collar jobs in zip code 60616.

Population

  • Total Population23,021
  • Male Population(48.2 %) 11,105
  • Female Population(51.8 %) 11,916
  • Median Age33.90

Income/Financial

  • Average Household Income$102,467
  • Median Household Income$93,508
  • Median Income Under 25$20,869
  • Median Income 25-44$109,861
  • Median Income 45-64$98,368
  • Median Income Over 65$42,692

Leasing Contact Register now to add listings

Amanda Friedlander

InCommercial Property Group

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