Pendry Chicago 230 N Michigan Ave 3,650 SF of 4-Star Retail Space Available in Chicago, IL 60601

Positioned at the base of the Pendry Hotel, a celebrated Art Deco landmark on Michigan Avenue, this ±3,650 SF restaurant space offers a rare opportunity to establish a culinary destination in the heart of Downtown Chicago. With expansive ground-floor frontage and abundant natural light, the space is ideally suited for an experienced operator ready to capitalize on the city’s dynamic food scene. The location benefits from exceptional visibility and foot traffic, drawing from both the 26 million annual tourists navigating between Millennium Park and North Michigan Avenue, and a robust weekday office population seeking elevated dining experiences. The surrounding area is a vibrant mix of cultural institutions, luxury hotels, and retail destinations, including The Chicago Theatre, Navy Pier, and the Riverwalk. Demographics within a 0.5-mile radius underscore the site’s potential: over 215,000 daytime population, 33,000 residents, and an average household income of $196,334. With 15 hotels in the immediate vicinity and more than 10 major annual events within walking distance, the space is primed for high-volume, high-visibility restaurant success.