Retail Business for Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60630

Description

Marcus & Millichap is pleased to present the opportunity to acquire a Taco Bell restaurant situated on 0.30 acres with a 2,232-square-foot building. This is a brand-new 25 year triple net lease with five additional 5-year options, each featuring 7.5% rent increases every five (5) years. Investment Highlights: • 25-Year NNN Lease • Positioned at a signalized intersection at N. Northwest Highway and W. Foster Avenue, benefitting from a combined traffic count exceeding 31,800 vehicles per day • Chicago MSA - 9.4+ Million People in Trade Area

Market Context

This retail in Chicago, IL is listed for sale. It is offered at an approximate 5.7% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 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 5.7% asking cap rate is below the Chicago retail market average of about 8.2%, reflecting premium pricing relative to comparable assets.

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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