The Mayfair Apartments — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Chicago, IL 60615

Description

Commercial property listing from JLL. Property: The Mayfair Apartments.

Market Context

This retail in Chicago, IL is listed for lease. It has been on the market for 167 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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