Retail Business for Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chicago, IL 60603
  • Size: 5,556 SF

Description

Immaculate, Fully built out restaurant on 1st floor of highly performing hotel for lease.

Market Context

This retail in Chicago, IL is listed for lease across 5,556 SF. It has been on the market for 21 days. Compare it against other retail listings for lease in Chicago, IL — <a href="/search/lease/retail/illinois/chicago">view the full market</a>.

As of Q1 2026, the Chicago retail market showed average asking rents near $22.27/SF/yr, and cap rates around 8.2%. Source: Consensus Q1 2026 market report.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 8.2% as of Q1 2026, per Consensus.

Unified Estimate

Medium Confidence

$1.58/SF/mo – $2.13/SF/mo

Mid: $1.86/SF/mo

Total estimate for 5,556 SF: $10,334

Rate estimator only; cost-of-business estimate unavailable.

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