Retail Business for Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60602

Description

1 North State Street offers premier retail visibility at Chicago's iconic State and Madison intersection, joining TJ Maxx and Burlington Coat Factory with unparalleled foot traffic and over 260,000 daytime population within a half mile.

Market Context

This retail in Chicago, IL is listed for sale. It has been on the market for 46 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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