Retail Business for Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60601

Description

316 North Michigan Ave 6,306 SF (DIVISIBLE) AVAILABLE ON THE SECOND FLOOR WITH DIRECT ELEVATOR ACCESS FROM MICHIGAN AVENUE. ABILITY TO INSTALL BLACK IRON VENTING. INCREDIBLE CEILING HEIGHTS OF 11 FT ON THE SECOND FLOOR.

Market Context

This retail in Chicago, IL is listed for sale. It has been on the market for 149 days. Compare it against other retail listings for sale in Chicago, IL — <a href="/search/sale/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

$81.18/SF – $109.83/SF

Mid: $95.50/SF

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

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