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Neiman Marcus Flagship Location Offering - 737 N Michigan Avenue, Chicago, IL 60611 situated on 1.22 acres. Neiman Marcus occupies the entire 4 story, 195,500 square foot building that was constructed in 1983. The building sits on 1.22 acres and the tax parcels are 17-10-200-084-000 & 17-10-200-086-0000. The asset provides investors the opportunity to invest on Chicago's famed Magnificent Mile at an irreplaceable basis.
ENDURING MICHIGAN AVENUE ANCHOR
– Neiman Marcus has been in continuous operation at this location for over 38 years since opening in 1983
– Basis at nearly 25% of historical trades provides tremendous long-term flexibility and downside protection
FREE & CLEAR OFFERING
OVER 200 FEET OF MICHIGAN AVENUE
FRONTAGE ON HARD CORNER
– Freestanding building on a hard corner
– Exceptional visibility, branding and marketing
– Includes the largest contiguous frontage on Michigan Avenue for a single tenant
SCARCITY OF MICHIGAN AVENUE OFFERINGS
– Only 6 Michigan Avenue trades in the last 10 years
– 1st time to market in 23 Years