Retail Business for Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chicago, IL 60654

Description

FOR SUBLEASE- FORMER BANK BUILDING +/- 3,308 SF RETAIL SPACE • Current Lease Expires: 7/18/2027 • Size Available: +/- 3,308 SF (option to expand to 8,500 SF) Lease Type: NNN • Asking Rent: Available upon request • Insurance: $1.25 PSF (estimate) • CAM: $4.60 PSF (estimate) • RE Tax: $23.75 PSF (estimate)

Market Context

This retail in Chicago, IL is listed for lease. It has been on the market for 148 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

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

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