Retail

520 N Michigan Ave, Chicago

520 n michigan ave, chicago, chicago, IL 60611

Price

Price on request

Description

New Ownership Representation (CBRE) Rare small shop opportunities on the Magnificent Mile Flexible options, spaces ranging from +1,800 SF - +2,600 SF Incredible two-story branding opportunities +5 million pedestrians and vehicles pass by the site monthly.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

520 n michigan ave, chicago, chicago, IL 60611

Leaflet © OpenStreetMap contributors

Market Context

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

Projected current pricing

low confidence

Projected asking rent

$22.27/SF/yr

Estimated sale value

$162–$205/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 8.2%, asking rent held flat).

View the full Chicago Retail market report →

Compare it against other retail listings for sale in Chicago, IL to benchmark pricing and space — view the full market.