401 N Michigan Ave
Chicago, IL 60611
Asking Rate
$36/SF/yr
Total SF
11,000 SF
Lease Type
NNN
Tenancy
Multi Tenant
Asset Type
Medical Office
Year Built
2009
Class
Class C
Lot
0.30 ac
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- 11,000 SF of office space available for lease in Chicago, IL.
- Class C building constructed in 2009, well-located along a primary commercial corridor.
- Ideal for professional services, tech, and finance tenants seeking durable demand in a top-tier metro.
- Strong fundamentals: high walk score, transit access, and proven tenant retention in the immediate trade area.
What's Special
Prime office opportunity in the heart of Chicago. This well-positioned asset offers excellent visibility, modern building systems, and immediate proximity to major transit corridors. Ideal for institutional investors and operating tenants seeking long-term value in one of the country's most active commercial corridors.
Facts & Features
Interior
- Open floor plate
- Floor-to-ceiling windows
- Polished concrete & carpet finishes
- Conference + huddle rooms built out
Building Details
- C-class construction
- 24/7 keycard access
- On-site property management
- ADA compliant
Parking
- Surface + structured parking
- 3.5 / 1,000 SF ratio
- EV charging available
HVAC
- VAV system with after-hours controls
- Roof-mounted package units (2019)
Zoning
- CBD Mixed Use
Utilities
- Fiber to the building
- Redundant power feed
- Municipal water & sewer
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
Location & Travel Times
I-35
7 min drive
US-290
7 min drive
Downtown core
5 min drive