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2229 S Michigan Ave
2,512 - 10,495 SF of Office Space Available in Chicago, IL 60616
Space Availability (3)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor, Ste 1 | 2,512 SF | Negotiable | £15.01 /SF/PA £1.25 /SF/MO £161.57 /m²/PA £13.46 /m²/MO £37,706 /PA £3,142 /MO | Modified Gross | ||
| 3rd Floor, Ste 306 | 3,211 SF | Negotiable | £14.22 /SF/PA £1.19 /SF/MO £153.06 /m²/PA £12.76 /m²/MO £45,661 /PA £3,805 /MO | Modified Gross | ||
| 4th Floor, Ste 407-408 | 4,772 SF | Negotiable | £14.22 /SF/PA £1.19 /SF/MO £153.06 /m²/PA £12.76 /m²/MO £67,859 /PA £5,655 /MO | Modified Gross |
1st Floor, Ste 1
Open space with high ceilings. Matterport tour: https://my.matterport.com/show/?m=MBeGvou8XLz
- Listed rate may not include certain utilities, building services and property expenses
3rd Floor, Ste 306
1 office, open area, kitchen.
- Listed rate may not include certain utilities, building services and property expenses
4th Floor, Ste 407-408
Open space with a kitchen, high ceilings and skylights.
- Listed rate may not include certain utilities, building services and property expenses
- Open Floor Plan Layout
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 2229 S Michigan Ave , Chicago, IL 60616
| Property Type | Retail | Gross Internal Area | 32,500 SF |
| Property Subtype | Storefront Retail/Office | Year Built/Renovated | 1918/2018 |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Internal Area | 32,500 SF |
| Year Built/Renovated | 1918/2018 |
About the Property
The newly revitalized 2229 South Michigan building is the epitome of creative office space. This former automobile showroom was brought back to life in 2018 and has a new façade, lobby, elevator, mechanical systems, windows and bathrooms. The gorgeous office suites contain sandblasted brick exterior walls, wood floors, impressive ceiling heights and copious amounts of natural light. About Motor Row | Once the site of numerous automobile showrooms in the early 1900s, Motor Row is now distinguished as a historical landmark district in the South Loop characterized by breathtaking architecture and limitless potential. Not only does the retail, office and residential presence continue to expand, but Motor Row’s growth is certain to continue into the future with the additional of planned music and entertainment venues, hotels, restaurants and bars.
Nearby Major Retailers
-
Jonathan Zimmerman -
Willard Jones Real Estate
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2229 S Michigan Ave
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