231 S LaSalle St - Retail — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60604-1426

Description

231 S. LaSalle offers opportunities ranging from 735 to 5,824 SF on the ground floor and approximately 28,000 SF on the lower level at the base of a 1-million-square-foot office building. Located in the heart of the Financial District occupied by Fortune 500 companies and positioned across the street from the Federal Reserve and the 1.3-million-square-foot Chicago Board of Trade building. Within two square blocks, the area boasts over 20 million SF of office space that is more than 90% occupied.

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.

Contact

Explore this market

Similar Retail Business for Sale in Chicago, IL