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122 S Michigan Ave
Chicago, IL 60603 Grant Park

Rate Upon Request

Office For Lease  •  18,298 SF

Property Details

  • Property Type Office
  • Year Built 1910
  • Total Building Size 517,582 SF
  • Tenancy Multiple
  • Building Class B
  • Zoning DX-16
100 Transit Score
100 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 18,298 SF Rate Upon Request 
Situated at the base of a 517,582 sf office building, the space is positioned on the hard corner of of the ground floor providing significant visibility and branding along Michigan Avenue and Adams Street.

Located across from the Art Institute of Chicago, 122 South Michigan offers an extraordinary location with access to the Loop's high worker population, hotels, and theaters. The space captures the city's robust tourism population as well as commuters with numerous "L" stops and lines within blocks.

  • Date available: 90 Days
  • Lease term: None
  • Service type: Negotiable
  • Space Type: Sublet

Description 

Positioned at one of Chicago’s most iconic intersections, 122 South Michigan Avenue offers an unparalleled retail opportunity in the heart of the Loop. This 18,298 SF ground-floor space sits at the base of a 517,582 SF office tower, delivering exceptional visibility and branding along Michigan Avenue and Adams Street. Directly across from The Art Institute of Chicago and steps from Millennium Park, the location captures a dynamic mix of office workers, tourists, and residents, supported by a daytime population of nearly 500,000 within one mile.

The property benefits from immediate access to multiple CTA “L” lines and is surrounded by premier retailers, luxury brands, and renowned dining establishments. With over 22,800 vehicles per day and an average household income of $180,447 in the area, this site offers unmatched exposure and purchasing power. The sublease runs through October 31, 2034, providing long-term stability for retailers seeking a flagship presence in Chicago’s most vibrant corridor.

Highlights

Prime corner location with exceptional Michigan Avenue frontage
Directly across from The Art Institute and near Millennium Park
Surrounded by luxury retail, dining, and cultural attractions
High daytime population and strong tourism traffic
Convenient access to multiple CTA “L” stops and major transit lines

Amenities

  • Bus Line
  • Commuter Rail
  • Conferencing Facility
  • Food Service
  • Metro/Subway
  • Property Manager on Site
  • Signage

Major Tenants

Tenant SF Occupied Lease End Date
Consulate General of the Philippines 10/31/2024
Depth Counseling Services P C
Hoogendoorn Talbot LLP
Iarca Gallery
Illinois Department of Public Health
Illinois Lottery
Insight Center PC
McDevitt Donald LCPC
National Louis University
The American Back Center LLC

Public Transportation

Commuter RailDriveWalkDistance
Van Buren Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 5 min 0.3 mi
Chicago Millennium Station (Metra Electric Line - Northeast Illinois Regional Commuter Railroad (Metra), South Shore Line - Northeast Illinois Regional Commuter Railroad (Metra)) 1 min 7 min 0.4 mi
Transit/SubwayDriveWalkDistance
Adams/Wabash Station (Downtown Loop) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Green Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 1 min 0.1 mi
Monroe Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 3 min 0.2 mi
Madison/Wabash Station (Downtown Loop) (Brown Line - Chicago Transit Authority "L" Trains (The "L"), Green Line - Chicago Transit Authority "L" Trains (The "L"), Orange Line - Chicago Transit Authority "L" Trains (The "L"), Pink Line - Chicago Transit Authority "L" Trains (The "L"), Purple Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 3 min 0.2 mi
Jackson Station (Red Line) (Red Line - Chicago Transit Authority "L" Trains (The "L")) 1 min 4 min 0.2 mi
Monroe Station (Blue Line) (Blue Line - Chicago Transit Authority "L" Trains (The "L")) 0 min 5 min 0.3 mi
AirportDriveWalkDistance
Chicago Midway International 18 min - 12.2 mi
Chicago O'Hare International 28 min - 18.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jim Sakanich 312-297-7690 CBRE
Jim Sakanich 312-297-7690 CBRE