401 North Michigan

Jones Lang LaSalle (Illinois), L.P. (“JLL”) as the exclusive advisor, presents the opportunity to acquire the 100% fee simple interest in 401 North Michigan (the "Property” or “Opportunity”), a 747,522 square foot, 35-story office building located along Michigan Avenue on the north bank of the Chicago River. Originally constructed in 1965, 401 North Michigan represents an opportunity to acquire a Class A office asset with world renowned Chicago River views on Michigan Avenue. At 88% leased with 7.3 years of remaining average lease term ("WALT"), the Property offers durable in-place cash flow while providing an investor the opportunity to further increase NOI through the lease up of nearly 89,000 square feet.

With over $17.2 million of capital invested since 2017, ownership has meticulously maintained and transformed the Property, modernizing building systems and implementing state-of-the-art amenities. Paired with its riverfront location on Michigan Avenue and high-quality amenity offerings, 401 North Michigan offers investors the exceptionally rare opportunity to acquire an asset that has a proven track record of catering to the active tenancy in the market.