316 N Michigan Ave — Sale in Chicago, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Chicago, IL 60601
Description
316 North Michigan Ave 6,306 SF (DIVISIBLE) AVAILABLE ON THE SECOND FLOOR WITH DIRECT ELEVATOR ACCESS FROM MICHIGAN AVENUE. ABILITY TO INSTALL BLACK IRON VENTING. INCREDIBLE CEILING HEIGHTS OF 11 FT ON THE SECOND FLOOR.
Market Context
This retail in Chicago, IL is listed for sale. It has been on the market for 196 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
- Stephen Ansani · 312 935 1907 · Stephen.ansani@cbre.com
- Luke Molloy · 312 935 1905 · luke.molloy@cbre.com
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