730-744 North Michigan Ave — Sale in Chicago, IL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Chicago, IL 60611

Description

North Michigan Avenue is home to Chicago's most celebrated shopping corridor. Known for its premier retail venues, world-class hotels, museums and noted art galleries, "The Magnificent Mile" extends from the Chicago River north along Michigan Avenue, and west along Oak to Rush Street. This mixed-use retail and entertainment corridor spans eight blocks, offers more than 400 shops, department stores and boutiques, and boasts over 200 savory restaurants and 50 upscale hotels. For locals and tourists alike, it remains one of the most eagerly sought and highly visited destination retail shopping districts in the country.

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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