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Property Description
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 kitchenette area for added convenience private, enclosed suite within the unit (ideal for specialized services or additional privacy). 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 330 also available - MLS #12637227) 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.
Full Property Details
Full Property Details for 2251 S Michigan Ave #325
General
- Price: $2,000
- Status: Active
- Type: Commercial Lease
- Source: MRED
- MLS ID: 12637958
- Updated: 5/28/2026
- Added to Site: 72 day(s) ago
Interior
- Interior Features: Atrium, Employee Kitchen, Freight Elevator(s), Accessible Entrance, Multi-Tenant, Private Restroom(s), Skylight(s)
- Flooring: Wood
Additional Information
- Security/Safety: Fire Extinguisher(s), Partially Sprinklered
Location
- Area: CHI - Near South Side
- County: Cook
- Township: South Chicago
- Driving Directions: Cermak Road (2200 South) to Michigan Avenue, South to address.
- Location Details: Downtown Chicago
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat
Structural Information
- Construction: Brick, Concrete
- Exterior Const.: Brick, Concrete
- Sub-Flooring: Wood
- Stories/Levels: 3
- Current Bldg. Use: Commercial, Office
- Year Built: 1913
- Built Before 1978: Yes
Unit Information
- Extra Storage Avail: Yes
Lot Features
- Potential Use: Commercial, Office
- Zoning: OFFIC
Financial Considerations
- Lease Price: $23
- For Sale/Rent/Lease: For Rent Only
- Security Deposit: Fire Extinguisher/s, Partially Sprinklered
- Assessment Year: 1913
- Tenant Pays: Electricity, Heat, Other
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Schools
Schools serving 2251 S Michigan Ave #325
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Drake Elementary School 2710 South Dearborn Street, Chicago, IL 60616 | PK-8 | 0.6 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2251 S Michigan Ave #325
Date
Details
Price
Change
Source
5/04/2026
Listed
$2,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2251 S Michigan Ave #325
2251 S Michigan Avenue #325, Chicago, IL 60616 (MLS# 12637958) is a Commercial Lease property. 2251 S Michigan Avenue #325 is currently listed for $2,000 and was received on May 04, 2026. Want to learn more about 2251 S Michigan Avenue #325? Do you have questions about finding other Commercial Lease real estate for sale in Near South Side? You can browse all Near South Side real estate or contact a Coldwell Banker agent to request more information.

