171 North Wabash Avenue — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chicago, IL 60601
  • Size: 5,500 SF

Description

Located on the corner of Wabash Avenue and Benton Place, 171 North Wabash Aveenue's 5,500SF invite you to create a single or multi-tenant brand house.

Market Context

This retail in Chicago, IL is listed for lease across 5,500 SF. It has been on the market for 53 days. Compare it against other retail listings for lease in Chicago, IL — view the full market.

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 brokerage reports, Q1 2026.

Retail market FAQ

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

Estimated Market Rate

$1.58/SF/mo – $2.13/SF/mo

Mid: $1.86/SF/mo

Estimated total for 5,500 SF: $10,230 per month

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

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