Listing provided courtesy of Phenomenal Properties IncMREDas Distributed by MLSGrid- MLS# 12637227MLS Provider

2251 S Michigan Avenue #330Chicago, IL 60616

Commercial
$2,000 Active

2251 S Michigan Avenue #330 Overview

Time on Site:
56 days
Visits:
1

Luxury loft salon space in a prime South Loop location, fully built-out and income-ready! This rare opportunity is located on the penthouse level of a prestigious timber loft-style, elevator building and offers a refined, design-forward environment ideal for beauty and wellness professionals. This space features abundant natural light from elegant skylights, exposed brick and timber beam ceilings, and dark-finished hardwood floors that create an authentic loft aesthetic. The open and flexible layout is currently configured as a full-service salon with shampoo stations, dryer hookups, and high-end Italian Milano and Belvedere furnishings included, delivering a polished, upscale presentation. This suite also includes a private bathroom with shower and a stylish kitchenette area for added convenience. Currently occupied by established beauty professionals, the space offers immediate income potential through existing booth rental arrangements, which can be maintained or reconfigured to suit a new owner's business model. Available as one or two adjacent units of approximately 1,050 square feet each (Unit 325 also available - MLS# 12637958) or combined into a spacious 2,100+ square foot full salon, this offering provides flexibility for a range of users. Ideal for independent stylists, salon owners, or beauty and wellness entrepreneurs seeking to elevate their environment in one of Chicago's most desirable neighborhoods. Serious inquiries only.

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2251 S Michigan Avenue #330 Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Existing Lease Type: Gross

Building Information

  • Year Built: 1913

Business Information

  • Current Use: Commercial,Office

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Near South Side
  • Township: South Chicago

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Other

General Information

  • Possible Use: Commercial,Office
  • Property Sub Type: Office
  • Property Type: Commercial Lease
  • Zoning: OFFIC

Interior

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Wood
  • Leasable Area: 1050
  • Stories: 3

Unit Information

  • Unit SqFt.: 1050
  • Unit Number: 330

Exterior

Building Exterior/Construction

  • Construction Materials: Brick, Concrete

2251 S Michigan Avenue #330 Neighborhood

Community

60616 (Chicago) Demographics

38
Median Age
11,385
Population Density (per sq. mile)
53%
College Educated
$61,843
Estimated Median Income
9,233
Estimated Total Home Owners
15,237
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

2251 S Michigan Avenue #330 Market Data

Based on the last 30 days in this zip code

$424,602
Average List Price
$328
Average Price per Square Foot
41
Properties Sold
58
Average Days on Market
142
Properties for Sale
Calculations provided by Reliance Network

2251 S Michigan Avenue #330 History

Date Event Value Agent
6/2/2026Source: MRED Status Change
Active
5/28/2026Source: MRED Price Reduction
$2,000 -4.8%
5/28/2026Source: MRED Status Change
Price Change
5/9/2026Source: MRED Status Change
Active
5/4/2026Source: MRED Added to Database
May 04, 2026