Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,637 listings of Chicago commercial real estate to find the best space for your business.

3520 South Morgan Street

3520 South Morgan Street, Bridgeport, Chicago, IL
Property

Office

54,004 SF
Availability

7 Spaces

6,400 SF
Year Built

1912
For Lease

$1,000.00 - $2,750.00/MO
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Commerce Park Chicago Building A

3426 E. 118th St. , Hegewisch, Chicago, IL
Property

Industrial

298,839 SF
Availability Contact for availability
Year Built

2021
For Lease Contact for pricing
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Building 4 - Calumet Business Center

9540 S Dorchester Ave, Cottage Grove Heights, Chicago, IL
Property

Industrial

171,257 SF
Availability

1 Space

171,257 SF
Year Built

1975
For Lease

$5.75/SF/YR
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1719 W 18th St

1719 W 18th St, Heart of Chicago, Chicago, IL
Property

Healthcare

2,100 SF
Availability

1 Space

2,100 SF
Year Built

1889
For Lease

$22.00/SF/YR
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
309 West Washington

309 West Washington, Chicago Loop, Chicago, IL
Property

Office

93,610 SF
Availability

8 Spaces

26,417 SF
Year Built

1928
For Lease

$26.00 - $27.00/SF/YR
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67 E Madison

67 East Madison , Downtown Chicago, Chicago, IL
Property

Office

97,000 SF
Availability

12 Spaces

24,408 SF
Year Built

1918
For Lease

$25.00 - $32.00/SF/YR
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180 North Wacker Drive

180 North Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

71,478 SF
Availability

6 Spaces

38,431 SF
Year Built

1890
For Lease Contact for pricing
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4600 W Diversey Ave

4600 W Diversey Ave, Kelvin Park, Chicago, IL
Property

Retail

300,000 SF
Availability

5 Spaces

11,500 SF
Year Built

1992
For Lease

$28.00/SF/YR
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1440 N Milwaukee Avenue

1440 N Milwaukee Avenue, Wicker Park, Chciago, IL
Property

Retail
Availability

1 Space

2,834 SF
For Lease Contact for pricing
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540 N Western Ave

540 N Western Ave, Smith Park, Chicago, IL
Property

Office

1,750 SF
Availability Contact for availability
Year Built

1980
For Lease Contact for pricing
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330 North Wabash Avenue
WeWork
330 North Wabash Avenue 23rd Floor , Chicago, IL
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Bike storage

Complimentary coffee & tea

Ethernet

Fitness center

Free water

Game room

High-speed wifi

IT support

Kitchen

Lounge area
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1307 N Clybourn

1307 N Clybourn, Old Town Chicago, Chicago, IL
Property

Office

3,950 SF
Availability

1 Space

3,816 SF
Year Built

1877
For Lease

$35.00/SF/YR
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208 S Jefferson

208 S Jefferson, West Loop, Chicago, IL
Property

Office

47,912 SF
Availability

6 Spaces

39,731 SF
For Lease

$15.00 - $24.00/SF/YR
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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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4192 S Archer

4192 S Archer, Brighton Park, Chicago, IL
Property

Retail

57,000 SF
For Sale

$13/SF
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3021 West Harrison Street

3021 West Harrison Street, North Lawndale, Chicago, IL
Property

Industrial

46,000 SF
Availability

1 Space

6,500 SF
For Lease

$15.00/SF/YR
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North LaSalle
Regus
203 North LaSalle Street Suite 2100, 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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4722 W Fullerton Avenue

4722 W Fullerton Avenue, Kelvin Park, Chicago, IL
Property

Retail
Availability

2 Spaces

11,071 SF
For Lease Contact for pricing
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5360 N Lincoln Avenue

5360 N Lincoln Avenue, Budlong Woods, Chicago, IL
Property

Retail

4,370 SF
Availability

1 Space

2,219 SF
Year Built

1964
For Lease

$9.00/SF/YR
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4744 W. Belmont Ave, Chicago, IL, 60641

4744 W Belmont Ave., Kilbourn Park, Chicago, IL
Property

Retail

3,100 SF
Year Built

1980
For Sale

$1,299,000
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421 W North Ave

421 W North Ave, Old Town Chicago, Chicago, IL
Property

Office

7,900 SF
Availability

1 Space

1,700 SF
Year Built

1930
For Lease

$4,900.00/MO
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Civic Opera Building

20 North Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

1,250,000 SF
Availability

61 Spaces

280,164 SF
Year Built

1931
For Lease Contact for pricing
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4704 N. Kenmore Ave Unit C Office Condo

4704 North Kenmore Avenue, Uptown Chicago, Chicago, IL
Property

Office

1,200 SF
Year Built

1999
For Sale

$199,900
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The LaSalle Wacker Building

121 West Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

490,259 SF
Availability

33 Spaces

166,578 SF
Year Built

1930
For Lease Contact for pricing
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Retail / Office / Medical Office Available for Lease or Sale

1701 W Belmont Ave & 3152 N Paulina St, Lakeview, Chicago, IL
Property

Retail

1,800 SF
For Sale

$479,000
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Union Tower

550 West Van Buren Street, West Loop, Chicago, IL
Property

Office

362,262 SF
Availability

2 Spaces

41,334 SF
Year Built

1999
For Lease Contact for pricing
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515 North Halsted Street For Lease

515 N Halsted St, Fulton River District, Chicago, IL
Property

Retail

7,000 SF
Availability

1 Space

2,200 SF
Year Built

1895
For Lease

$30.00/SF/YR
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203 South State Street

203 South State Street, Chicago Loop, Chicago, IL
Property

Retail

37,240 SF
Availability

3 Spaces

37,240 SF
For Lease

$25.00 - $85.00/SF/YR
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1700 W. Hubbard

1700 W. Hubbard, West Town, Chicago, IL
Property

Other

27,350 SF
Year Built

1944
For Sale

Subject To Offer
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The Yards Plaza Outlot

2044 W 47th St, Back of the Yards, Chicago, IL
Property

Retail
Year Built

2010
For Sale

Subject To Offer
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350 North Orleans

350 North Orleans Street, River North, Chicago, IL
Property

Office

1,308,156 SF
Availability

7 Spaces

237,500 SF
Year Built

1977
For Lease

$28.00 - $31.00/SF/YR
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4660-4668 N Broadway

4660-4668 N Broadway, Uptown Chicago, Chicago, IL
Property

Retail
Availability

2 Spaces

2,724 SF
For Lease Contact for pricing
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3044 W Peterson Ave

3044 W Peterson Ave, West Rogers Park, Chicago, IL
Property

Retail

3,400 SF
Availability Contact for availability
Year Built

1981
For Lease Contact for pricing
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FREESTANDING COMMERCIAL BUILDING WITH PARKING LOT FOR LEASE

4116 N Clark St, Graceland West, Chicago, IL
Property

Retail

2,585 SF
Availability

1 Space

2,585 SF
For Lease

$25.00/SF/YR
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Horizon Business Park

4000-4128 N. Nashville Avenue, Dunning, Chicago, IL
Property

Industrial

140,774 SF
Availability

1 Space

1,708 SF
For Lease Contact for pricing
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Leo Burnett Building

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

Office

1,118,042 SF
Availability

2 Spaces

36,445 SF
Year Built

1990
For Lease Contact for pricing
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1316 S. Michigan For Lease

1316 South Michigan Avenue, South Loop, Chicago, IL
Property

Office

2,000 SF
Availability

1 Space

2,000 SF
For Lease

$50.00/SF/MO
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3851 W 26th St , Chicago, Illinois 60623

3851 W 26th St., Little Village, Chicago, IL
Property

Retail

2,816 SF
Year Built

1906
For Sale

$374,900
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1850 W. North Ave

1850 W. North Ave, Bucktown, Chicago, IL
Property

Retail

1,500 SF
For Sale

Subject To Offer
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937-939 W Randolph Street

937-939 W Randolph Street, Fulton Market, Chicago, IL
Property

Office

9,000 SF
Availability

4 Spaces

5,949 SF
For Lease

$36.00/SF/YR
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4245 North Knox Avenue
2112
4245 North Knox Avenue, Chicago, IL
Services

Open Workspace

Private Office

Dedicated Desk
Amenities

Break room

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi

Kitchen

Lounge area

Parking

Snacks
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33 North LaSalle Street

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

Office

402,010 SF
Availability

15 Spaces

110,140 SF
Year Built

1929
For Lease Contact for pricing
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5100 W 73rd Street

5100 West 73rd Street, Bedford Park, IL
Property

Industrial

108,546 SF
Year Built

1980
For Sale

Subject to Offer
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1500 S Lawndale Ave

1500 S Lawndale Ave, North Lawndale, Chicago, IL
Property

Multi-Family
Year Built

1920
For Sale

$599,900
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Stabilized Renovated 6-Unit | Fully Occupied

1441 W Cullerton Street, Pilsen, Chicago, IL
Property

Multi-Family

5,148 SF
For Sale

$1,200,000
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3219 N. Clark St

3219 North Clark Street, Lakeview, Chicago, IL
Property

Office

6,992 SF
Availability

1 Space

6,992 SF
For Lease

$31.00/SF/YR
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1316 s michigan

1316 South Michigan Avenue, South Loop, Chicago, IL
Property

Retail
For Sale

$4,800,000
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2241 N Knox Ave

2241 N Knox Ave, Hermosa, Chicago, IL
Property

Industrial

29,076 SF
For Sale

$1,400,000
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Wicker Park
Regus
1200 North Ashland Avenue #500, 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
View Details (opens in new window)
4520 W. North Avenue

4520 W. North Avenue, Hermosa, Chicago, IL
Property

Industrial

10,375 SF
For Sale

$650,000
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601 N Wells St

601 N Wells St, River North, Chicago, IL
Property

Retail

2,800 SF
Availability

1 Space

2,800 SF
Year Built

1888
For Lease

$65.00/SF/YR
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1508-1516 N Keating Ave, Chicago, IL

1508-1516 N Keating Ave, Austin, Chicago, IL
Property

Land

0.69 SF
For Sale Contact for pricing
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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 39,536,764 square feet. The market offers 548 active office listing(s), which amount to 21,546,239 square feet and account for 44% of commercial spaces on the market. Local retail availability includes 3,839,315 square feet across 486 retail space(s). Industrial space for rent opportunities in Chicago amount to 9,751,808 square feet across a total of 161 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	548	21,546,239
Retail	486	3,839,315
Industrial	161	9,751,808
Other	33	4,399,402

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 13,174,874 square feet of commercial property for sale here , which includes 59 office building(s) for sale , 102 retail investment opportunity listing(s) , and 87 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	59	4,229,198
Retail	102	936,121
Industrial	87	5,991,651
Other	135	2,017,904

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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