2 N State St - Retail — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60602-3203

Description

Steps away from the heart of the city, One North Dearborn features prominent corner visibility coupled with high vehicular traffic counts. In addition, Dearborn’s dedicated bike path and Madison’s newly opened Loop Link bus system drive high volumes of commuters to this intersection.

Market Context

This retail in Chicago, IL is listed for sale. It has been on the market for 140 days. Compare it against other retail listings for sale 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.

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