Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,625 listings of Chicago commercial real estate to find the best space for your business.

167 North Green Street
WeWork
167 North Green Street, Chicago, IL
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Ethernet

High-speed wifi

IT support

Lounge area

Office supplies

Paper shredding services

Pet friendly

Printer

Privacy booths

Professional & social events
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444 North Michigan Avenue
BeOffice
444 North Michigan Avenue, Chicago, IL
Services

Virtual Office

Open Workspace

Meeting Room

Dedicated Desk
Amenities

Cleaning services

Concierge

High-speed wifi

Kitchen

Mail services

Notary/Legal services

Parking

Printer

Projector

TV/Monitor
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40 East Huron Street

40 East Huron Street, Near North Side Chicago, Chicago, IL
Property

Office

93,000 SF
Availability

9 Spaces

25,246 SF
For Lease Contact for pricing
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124 W 47th St

124 West 47th Street, Fuller Park, Chicago, IL
Property

Industrial

20,000 SF
Year Built

1907
For Sale

$425,000
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
1140 North Kostner Avenue

1140 North Kostner Avenue, West Humboldt Park, Chicago, IL
Property

Industrial

36,500 SF
For Sale

$1,450,000
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1655 South Blue Island Avenue
Lobi Space
1655 South Blue Island Avenue, Chicago, IL
Services

Virtual Office

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Kitchen

Parking

Podcast room

Printer

Projector

Receptionist/Secretarial services

TV/Monitor

Window view
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One LaSalle

1 North LaSalle , Chicago Loop, Chicago, IL
Property

Office

493,738 SF
Availability

40 Spaces

183,134 SF
Year Built

1929
For Lease

$37.50/SF/YR
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6219 N. Milwaukee - 1,800 SF Commercial Building

6219 N. Milwaukee Avenue, Norwood Park East, Chicago, IL
Property

Office

1,800 SF
Year Built

1955
For Sale

$229,000
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111 W. Jackson
Regus
111 W. Jackson Suite 1700, Chicago, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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The Jewelers Building

35 East Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

550,000 SF
Availability

20 Spaces

154,786 SF
Year Built

1927
For Lease Contact for pricing
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151 North Franklin

151 North Franklin Street, Chicago Loop, Chicago, IL
Property

Office

807,130 SF
Availability

5 Spaces

116,368 SF
Year Built

2018
For Lease Contact for pricing
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2058 W Roscoe St

2058 W Roscoe St, Roscoe Village, Chicago, IL
Property

Mixed Use

6,012 SF
Availability

1 Space

1,000 SF
For Lease

$42.00/SF/YR
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7600 S Kedzie Avenue

7600 S Kedzie Avenue, Ashburn, Chicago, IL
Property

VacantLand
For Sale

$3,500,000
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445 West Erie Street

445 West Erie Street , River North, Chicago, IL
Property

Office

52,931 SF
Availability

10 Spaces

17,755 SF
Year Built

1903
For Lease

$15.00 - $27.00/SF/YR
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4601 S Tripp Ave

4601 S Tripp Ave, Archer Heights, Chicago, IL
Property

Industrial

14,469 SF
Availability

2 Spaces

3,077 SF
For Lease Contact for pricing
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7424 S Lockwood Ave

7424 S Lockwood Ave, Bedford Park, IL
Property

Industrial

84,461 SF
For Sale

Negotiable
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105 West Madison

105 W Madison, Chicago Loop, Chicago, IL
Property

Office

134,220 SF
Availability

20 Spaces

57,387 SF
Year Built

1928
For Lease

$20.00 - $41.38/SF/YR
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1333 North Kingsbury Street

1333 North Kingsbury Street, Goose Island, Chicago, IL
Property

Office

100,000 SF
Availability

1 Space

25,045 SF
Year Built

1991
For Lease Contact for pricing
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6000 W Montrose Ave

6000 W Montrose Ave, Jefferson Park, Chicago, IL
Property

Retail

1,600 SF
For Sale

$850,000
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Office Retail For Lease Avondale Chicago

3101 North Milwaukee Avenue, Jackowo, Chicago, IL
Property

Office

9,400 SF
Availability

3 Spaces

10,100 SF
Year Built

2023
For Lease

$18.00 - $288.00/SF/YR
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Ashland Self Storage

4343 N Ashland Ave, Graceland West, Chicago, IL
Property

Industrial

44,696 SF
For Sale

$8,850,000
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325 West Huron Street

325 West Huron Street, River North, Chicago, IL
Property

Office

121,014 SF
Availability

7 Spaces

16,926 SF
Year Built

1932
For Lease

$34.50 - $35.50/SF/YR
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225 W Illinois St

225 W Illinois St, River North, Chicago, IL
Property

Office

46,150 SF
Availability

4 Spaces

24,778 SF
Year Built

1976
For Lease

$34.00 - $35.00/SF/YR
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134 North LaSalle Street

134 North LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

201,767 SF
Availability

35 Spaces

84,707 SF
Year Built

1926
For Lease

$23.00 - $32.00/SF/YR
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769-775 W. Jackson

769-775 W Jackson Street, Greektown, Chicago, IL
Property

Retail

11,522 SF
Year Built

1911
For Sale

Subject To Offer
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833 West Jackson Boulevard

833 West Jackson Boulevard, Near West Side, Chicago, IL
Property

Office

61,900 SF
Availability

2 Spaces

12,719 SF
Year Built

1930
For Lease Contact for pricing
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FOR SALE OR LEASE 12,450SF FREESTANDING BLDG

2633 E 79th Street, South Chicago, Chicago, IL
Property

Retail

12,450 SF
Availability

1 Space

12,450 SF
Year Built

1980
For Lease

$12.00/SF/YR
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Fulton Lofts

2130-2140 West Fulton Street , Near West Side, Chicago, IL
Property

Office

49,682 SF
Availability

5 Spaces

14,622 SF
Year Built

1891
For Lease Contact for pricing
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Two North LaSalle

2 North LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

713,030 SF
Availability

2 Spaces

9,700 SF
Year Built

1979
For Lease Contact for pricing
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1665 W Fullerton Ave

1665 W Fullerton Ave, Sheffield, Chicago, IL
Property

VacantLand

5,250 SF
Year Built

1893
For Sale

$1,100,000
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4001 West Devon Avenue

4001 West Devon Avenue, Sauganash, Chicago, IL
Property

Office

49,500 SF
Availability

8 Spaces

5,978 SF
Year Built

1968
For Lease

$16.25/SF/YR
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626 W Jackson

626 West Jackson, West Loop, Chicago, IL
Property

Office

107,977 SF
Availability

5 Spaces

20,696 SF
Year Built

1920
For Lease

$30.00/SF/YR
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3927 West Belmont Avenue

3927 West Belmont Avenue, Jackowo, Chicago, IL
Property

Retail
Availability

1 Space

8,538 SF
For Lease Contact for pricing
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Little Village Plaza

3045-3117 West 26th Street, Little Village, Chicago, IL
Property

Retail
Availability

1 Space

7,464 SF
For Lease Contact for pricing
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3015 W Harrison St

3015 W Harrison St, North Lawndale, Chicago, IL
Property

Office

46,000 SF
Availability

1 Space

3,500 SF
For Lease

$18.50/SF/YR
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1502-1510 E 74th St

1502-1510 E 74th St, Greater Grand Crossing, Chicago, IL
Property

Multi-Family

10,700 SF
For Sale

$950,000
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1965 West Pershing Road

1965 West Pershing Road, Back of the Yards, Chicago, IL
Property

Industrial

1,305,769 SF
Year Built

1919
For Sale

$25,000,000
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1657 North Kostner Avenue

1657 North Kostner Avenue, Hermosa, Chicago, IL
Property

Industrial

60,000 SF
Availability

3 Spaces

26,800 SF
Year Built

1952
For Lease

$15.00/SF/YR
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63rd & Ashland

1537-1547 W 63rd St, West Englewood, Chicago, IL
Property

VacantLand
For Sale

$199,000
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3633 S State Street

3633 S State Street, Bronzeville, Chicago, IL
Property

Retail

5,780 SF
Availability

1 Space

2,885 SF
Year Built

2013
For Lease

$28.00/SF/YR
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The Terminal

1334 North Kostner Avenue, West Humboldt Park, Chicago, IL
Property

Unassigned

236,805 SF
Availability

1 Space

151,200 SF
Year Built

2022
For Lease Contact for pricing
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320 North Sangamon Street

320 North Sangamon Street, Fulton Market, Chicago, IL
Property

Office

275,000 SF
Availability

5 Spaces

136,461 SF
Year Built

2021
For Lease Contact for pricing
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4013 W. 26th St.

4013 West 26th Street, Little Village, Chicago, IL
Property

Retail

12,700 SF
Availability

1 Space

1,000 SF
For Lease

$26.00/SF/YR
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2325 S Michigan

2325 S Michigan, South Loop, Chicago, IL
Property

Office

18,285 SF
Availability

1 Space

5,296 SF
Year Built

1925
For Lease

$10.00/SF/YR
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1525 N Milwaukee Avenue

1525 N Milwaukee Avenue, Wicker Park, Chicago, IL
Property

Retail
Availability

1 Space

2,346 SF
For Lease Contact for pricing
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566 W Adams

566 W Adams, West Loop, Chicago, IL
Property

Office

61,750 SF
Availability

5 Spaces

11,950 SF
Year Built

1921
For Lease

$19.50 - $28.50/SF/YR
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Homan Square Portfolio

3333 W Arthington, 3245 W Arthington, 3240 W Arthington, 3201 W Arthington, Homan Square, Chicago, IL
Property

Office

550,000 SF
For Sale

Subject to Offer
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2 N Michigan Avenue (Raising Cane's)

2 North Michigan Avenue, Downtown Chicago, Chicago, IL
Property

Retail

5,076 SF
For Sale

$11,050,000
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Southgate Market

1101 South Canal Street, South Loop, Chicago, IL
Property

Retail
Availability

8 Spaces

71,961 SF
For Lease Contact for pricing
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160 East Grand

160 E Grand, Streeterville, Chicago, IL
Property

Office

32,516 SF
Availability

2 Spaces

5,066 SF
Year Built

1890
For Lease

$35.00 - $48.00/SF/YR
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228 S Wabash: The Historic Trio on Route 66

228 S Wabash, Chicago Loop, Chicago, IL
Property

Office

84,000 SF
Availability

6 Spaces

16,428 SF
Year Built

1930
For Lease

$19.00 - $20.00/SF/YR
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7900 S Drexel Ave

7900 South Drexel Avenue, East Chatham, Chicago, IL
Property

Other

9,952 SF
Year Built

1940
For Sale

$799,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Chicago commercial real estate market incorporates 157,818,803 square feet of office space across 614 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Chicago, the coworking segment of the commercial real estate market incorporates about 92,939 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Chicago commercial real estate market includes 16,607,473 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Chicago market, there is a total of 21,821,853 square feet of industrial property.

The listing inventory in Chicago incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Chicago is represented by Office space, which accounts for 21,831,447 square feet of available listings. Industrial space available in Chicago adds up to 9,887,415 square feet.

Meanwhile, most of the listings of commercial property for sale in Chicago are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Chicago is $24.88 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Chicago can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $34.16 per square foot, industrial space in Chicago saw average rents of $13.84 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Chicago, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Chicago is in the Chicago Loop neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Chicago Loop area.

Meanwhile, retail space opportunities are most abundant in the Chicago Loop submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in West Town.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $60 per square foot. In particular, the property type commanding the highest lease rates in Chicago was Retail space.

Conversely, the highest sale price last year was $96,500,000 that is located at 300 South Wacker Drive.

The average size of a commercial property in Chicago depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Chicago, the average size of an office property is 296,096 square feet.
Retail properties here incorporate an average of 40,115 square feet.
Industrial space in Chicago is in buildings that are, on average 104,913 square feet in size.

Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Chicago currently add up to 40,078,604 square feet. The market offers 548 active office listing(s), which amount to 21,786,683 square feet and account for 45% of commercial spaces on the market. Local retail availability includes 3,970,891 square feet across 471 retail space(s). Industrial space for rent opportunities in Chicago amount to 9,752,816 square feet across a total of 157 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	548	21,786,683
Retail	471	3,970,891
Industrial	157	9,752,816
Other	29	4,568,214

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Chicago, IL. Currently, there is 13,609,743 square feet of commercial property for sale here , which includes 63 office building(s) for sale , 93 retail investment opportunity listing(s) , and 85 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	63	4,273,843
Retail	93	1,066,408
Industrial	85	6,074,851
Other	148	2,194,641

Chicago, IL Commercial Real Estate Market Overview

Chicago boasts one of the most highly diversified economies in the U.S., combining a solid manufacturing base with its role as a financial, research and innovation center. The city is also a global distribution hub, ranking as the third-largest inter-modal port in the world, behind only Hong Kong and Singapore.

In particular, commercial real estate properties in Chicago host a flurry of aerospace, medical, logistics and retail companies. Household names in the food industry — such as Kraft Heinz, Ferrara Candy, US Foods and Quaker Oats — also have a strong presence here. The city has also created a welcoming environment for many startups, with the likes of Grubhub, Groupon, Basecamp and NowSecure among its success stories.

The Chicago Transit Authority (CTA) provides public transportation services through its fleet of buses, as well as its rapid transit elevated and subway system, commonly referred to as the “L.” Commuter transit is handled by Pace, Metra and Amtrak lines, while seven mainline and four auxiliary interstate highways pass through the city and its suburbs. Chicago is also served by O’Hare International Airport and Midway International Airport, with the nearby Gary/Chicago International Airport and Chicago Rockford International Airport as alternatives.

Chicago, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Chicago, IL?

What factors affect the price of commercial real estate in Chicago, IL?

What is the average rent for commercial space in Chicago, IL?

What are the best areas for commercial real estate in Chicago, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Chicago, IL?

Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Chicago, IL Commercial Real Estate Market Overview

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