1931-1933 W Cermak Rd — Lease in Chicago, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Chicago, IL 60608
Photos
Description
Retail Space Available for lease, Adjacent to High-Performing Walgreens
Market Context
This retail in Chicago, IL is listed for lease. Compare it against other retail listings for lease in Chicago, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Estimated Market Rate
$1.54/SF/mo – $2.08/SF/mo
Mid: $1.82/SF/mo
Based on comparable properties in similar markets rather than local sales.
First seen on CREHunt: Sep 23, 2026
Contact
- Matt Ramsey · matt.ramsey@jll.com
- Cedric Burke · cedric.burke@jll.com
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