Retail Business for Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60611

Description

8,325 SF of premium street-level space available in downtown Chicago. North Michigan Avenue, nicknamed the Magnificent Mile, resides in the vibrant core of downtown Chicago and serves as a sought-after attraction for tourists from around the world. Revered for its extraordinary blend of exquisite retailers, upscale hotels, and exceptional dining establishments, the Mag Mile stands as the epitome of what Chicago has to offer.

Market Context

This retail in Chicago, IL is listed for sale. It has been on the market for 93 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

$18.93/SF – $25.61/SF

Mid: $22.27/SF

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

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