520 N Michigan Ave, Chicago — Sale in Chicago, IL
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Chicago, IL 60611
Description
New Ownership Representation (CBRE) Rare small shop opportunities on the Magnificent Mile Flexible options, spaces ranging from +1,800 SF - +2,600 SF Incredible two-story branding opportunities +5 million pedestrians and vehicles pass by the site monthly.
Market Context
This retail in Chicago, IL is listed for sale. It has been on the market for 195 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
- Luke Molloy · 312 935 1905 · luke.molloy@cbre.com
- Danny Jacobson · +1 312 935 1901 · danny.jacobson@cbre.com
- Stephen Ansani · 312 935 1907 · Stephen.ansani@cbre.com
Explore this market
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