Retail

The Newberry

the newberry, chicago, IL 60610

Price

Price on request

Description

ONE OF A KIND SPACE IN THE HEART OF CHICAGO'S GOLD COAST At the center of the hottest retail and restaurant neighborhood in the country sits Newberry on the Triangle. The one of a kind, dynamic, 75K SF redevelopment is being offered in multiple configurations to accommodate all user types. On-site parking and expansive outdoor seating options are available.

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

Location

the newberry, chicago, IL 60610

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

$81.18/SF-$109.83/SF

Mid: $95.50/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.