Michigan Avenue Towers 1 & 2

1250 & 1400 S Michigan Avenue are located along South Michigan Avenue in Chicago's vibrant South Loop neighborhood. The Properties are positioned within one of Chicago's most densely populated areas, with over 347,000 residents and an average household income exceeding $132,000 within a three (3) mile radius. South Michigan Avenue and Roosevelt Road provide strong regional connectivity, with Lake Shore Drive under two (2) miles away and direct access to Interstate 90/94, offering seamless connectivity to downtown Chicago and the broader metropolitan area. The Roosevelt CTA Station and Museum Campus/11th Street Metra Station are both located less than one (1) mile away, enhancing accessibility for tenants and driving consistent foot traffic to the corridor. The immediate area is further supported by Columbia College Chicago, with over 6,000 students, Wintrust Arena, and world-class cultural destinations including Grant Park, Millennium Park, Soldier Field, the Field Museum, and Shedd Aquarium, all within one (1) mile. The Properties benefit from a high-visibility location along South Michigan Avenue with exposure to approximately 16,000 vehicles per day, creating strong daily traffic and consistent customer flow. This stretch of Michigan Avenue serves as the South Loop's primary retail corridor, surrounded by a dense residential base and a thriving mix of national retailers and dining options. Neighboring retailers include Trader Joe's, Whole Foods, Mariano's, Target, H&M, Walgreens, Portillo's, Giordano's, Chipotle, and Starbucks, among many others. The combination of affluent demographics, significant foot traffic, strong regional access, and one of Chicago's densest urban populations creates a highly attractive environment for retail tenants seeking visibility, accessibility, and steady consumer demand.1250 & 1400 S. Michigan Avenue offer the opportunity to acquire a 17,477-square-foot storefront retail portfolio with prominent frontage along Michigan Avenue in Chicago’s South Loop. The portfolio is 88% leased, generates an in-place NOI of approx. $584,372, and combines established cash flow with leasing upside. 1400 S. Michigan Avenue is fully leased to Chicago Waffles, Go Grocer, and Mikami Restaurant. all on triple-net leases, with additional income from two (2) communication leases. 1250 S. Michigan Avenue consists of six (6) retail units totaling 9,217 square feet with tenants Jimmy John’s, Luxura Med Spa, Chi Tiva, Polish Me Nails & Spa, and June 1250 Dry Cleaners. The remaining 2,092-square-foot vacancy features value-add potential via lease-up. The Properties are located one (1) block from one another and benefit from a dense, affluent trade area with more than 54,000 residents and an average household income of $158,000 within one (1) mile. The offering includes 26 full spaces and four (4) tandem spaces, all in covered garage.2,092 square foot storefront at the base of a 29-story high end condo building in Chicago’s South Loop neighborhood. Built in 2006, the Property includes six (6) storefronts totaling 9,217 square feet along South Michigan Avenue. Existing retailers at the building include Jimmy John’s, Luxura Med Spa, Chitiva, Polish Me Nails & Spa, and June 1250 Dry Cleaners. Positioned just south of the signalized intersection at Michigan Avenue and Roosevelt Road, the storefront features exceptional visibility and exposure along Michigan Avenue (16,000 VPD). The location is walking distance to the Museum Campus, Grant Park, Soldier Field, and Shedd Aquarium, with Wintrust Arena and Columbia College Chicago less than a mile away. Neighboring retailers include Target, Jewel-Osco, Trader Joe’s, Walgreens, BMO Harris, First American Bank, UPS Store, Potbelly, Giordano’s, Stan’s Donuts & Coffee, Starbucks, Dunkin’, and many other national brands, anchoring the South Loop’s premier retail corridor.