Overview
Hudson Atlantic Realty Advisors presents Michigan Plaza, a two-tower Class A office campus at 205 and 225 N. Michigan Avenue on the east side of Chicago's Loop. The 44-story 205 N. Michigan and the 25-story 225 N. Michigan together contain 1,934,308 rentable square feet on a 2.70-acre site, with a three-level heated parking garage of 378 spaces and two levels of concourse dining and retail. The towers sit where Michigan Avenue meets the Illinois Center district, a short walk from Millennium Park, the Art Institute of Chicago and the Chicago Riverwalk, with Millennium Station about 0.1 mile away. As of February 28, 2026, the rent rolls show 966,958 SF leased (50.0%), giving a buyer a large block of existing Class A space to lease on Michigan Avenue. The offering is presented on a Call for Offers basis.
Investment Highlights
- Scale on Michigan Avenue: two connected Class A towers (44 and 25 stories) totaling 1,934,308 RSF on a 2.70-acre East Loop site, zoned PD-70 (planned development).
- Lease-up opportunity: about 967,350 SF available as of the 02/28/2026 rent rolls, with floor plates averaging about 22,000 SF at 205 N. Michigan and 37,500 SF at 225 N. Michigan.
- Diverse, long-dated tenancy: a tenant base spanning media, nonprofit, professional services and government users, with several leases running into the mid-2030s.
- Transit at the door: Millennium Station (Metra Electric and South Shore Line) is about 0.1 mile away, and the CTA State/Lake and Washington/Wabash stations are within about a quarter mile.
- Full amenity package: atrium lobby with a 30-foot ceiling and 24/7 security, fitness center, tenant lounge and conference center, concourse dining and retail, and an east plaza with outdoor seating.
- On-site parking: a three-level heated garage with 378 spaces serving both towers.
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