Retail in Chicago, IL — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chicago, IL 60618

Photos

Retail in Chicago, IL — Lease in Chicago, IL, photo 1 of 2
Retail in Chicago, IL — Lease in Chicago, IL, photo 2 of 2

Description

New Ground Floor Retail in the heart of North Center 3,000 SF brand-new retail on Irving Park Road in a modern mixed-use building. Corner location at Irving Park and Seeley Built in Customer Base - 37 residential units above surrounded by 300+ new residential units recently built or are underway nearby. Perfect for food, service, medical, fitness or boutique users.

Market Context

This retail in Chicago, IL is listed for lease. Compare it against other retail listings for lease in Chicago, IL — view the full market.

As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Chicago?
About 7.9% as of Q4 2025, per multiple brokerage reports.
Is the Chicago retail market tightening or softening?
Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).

Estimated Market Rate

$1.54/SF/mo – $2.08/SF/mo

Mid: $1.82/SF/mo

Based on comparable properties in similar markets rather than local sales.

First seen on CREHunt: Sep 23, 2026

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