Retail Business for Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60632

Description

Marcus & Millichap is pleased to present an Advance Auto Parts located in Chicago, IL. Investment Highlights: • Corporate Guaranty (NYSE: AAP) • Durable Brand with Nearly 100-Year Operating History • Recent Five-Year Lease Extension with 20 Plus Year Operating History • Over $1,419,000,000 Spent on Transportation & Maintenance in a Five-Mile Radius • Chicago – Third Largest City in the United States

Market Context

This retail in Chicago, IL is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 54 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.

Its 8.0% asking cap rate is in line with the Chicago retail market average of about 8.2%.

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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