Retail

730-744 North Michigan Ave

730-744 n michigan ave chicago, il, 60611, chicago, IL 60611

Price

Price on request

Description

North Michigan Avenue is home to Chicago's most celebrated shopping corridor. Known for its premier retail venues, world-class hotels, museums and noted art galleries, "The Magnificent Mile" extends from the Chicago River north along Michigan Avenue, and west along Oak to Rush Street. This mixed-use retail and entertainment corridor spans eight blocks, offers more than 400 shops, department stores and boutiques, and boasts over 200 savory restaurants and 50 upscale hotels. For locals and tourists alike, it remains one of the most eagerly sought and highly visited destination retail shopping districts in the country.

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

Location

730-744 n michigan ave chicago, il, 60611, 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.

Retail market FAQ

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

Unified Estimate

Medium Confidence

$18.93/SF-$25.61/SF

Mid: $22.27/SF

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

Sale Price History

2000 – 2026 · county sold comps + market trendsFIPS 17031

High Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.