663 North Michigan Avenue — Lease in Chicago, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Chicago, IL 60611
Description
Market Context
This retail in Chicago, IL is listed for lease. It has been on the market for 2 days. Compare it against other retail listings for lease 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.
Estimated Market Rate
$1.58/SF/mo – $2.13/SF/mo
Mid: $1.86/SF/mo
Rate estimator only; cost-of-business estimate unavailable.
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