Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,655 listings of Chicago commercial real estate to find the best space for your business.

Leo Burnett Building

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

Office

1,118,042 SF
Availability

33 Spaces

784,788 SF
Year Built

1989
For Lease Contact for pricing
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The Shops at Forty-Seven

4720 S Cottage Grove Ave, Bronzeville, Chicago, IL
Property

Retail

54,932 SF
Availability

2 Spaces

4,841 SF
Year Built

2014
For Lease

$26.00 - $29.00/SF/YR
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8031 S. Drexel Ave

8031 South Drexel Avenue, East Chatham, Chicago, IL
Property

Multi-Family

8,400 SF
Year Built

1926
For Sale

$892,000
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Retail/Office For Lease

2113 West Armitage Ave, Bucktown, Chicago, IL
Property

Retail

1,400 SF
Availability

1 Space

1,400 SF
Year Built

1871
For Lease

$24.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
66 E 103rd St

66 East 103rd Street, Roseland, Chicago, IL
Property

Retail

8,406 SF
Availability

1 Space

8,406 SF
For Lease

$12.00/SF/YR
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Riverside Plaza Center
Regus
10 South Riverside Plaza Suite 875, 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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Elston Plaza

SWC Elston-Addison-Kedzie, Avondale, Chicago, IL
Property

Retail

92,961 SF
Availability

3 Spaces

5,388 SF
For Lease Contact for pricing
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3751 W 79th St

3751 West 79th Street, Ashburn, Chicago, IL
Property

Retail

1,600 SF
Availability

1 Space

1,600 SF
For Lease

$37.50/SF/YR
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The Fresh Market

2730 North Halsted Street, Wrightwood, Chicago, IL
Property

Retail

17,706 SF
For Sale

$13,200,000
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Sungate Industrial Park

5410-5480 W Roosevelt Road, Austin, Chicago, IL
Property

Industrial

1,364,700 SF
Availability

4 Spaces

95,272 SF
For Lease

$7.00 - $7.75/SF/YR
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5228 S Blackstone | Former Boston Market Lease

5228 South Blackstone Avenue, Hyde Park, Chicago, IL
Property

Retail
Availability

1 Space

3,150 SF
For Lease

$50.00/SF/MO
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2312 W Touhy Ave

2312 W Touhy Ave, West Rogers Park, Chicago, IL
Property

Retail

4,500 SF
Year Built

1921
For Sale Contact for pricing
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101615 . Dynamic Tri-plex BFR Chicago, IL

101615 . Dynamic Tri-plex BFR Chicago, IL, Oakland, Chicago, IL
Property

Multi-Family

109,350 SF
Year Built

2024
For Sale

$29,700,000
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361 W Chestnut Street

361 W Chestnut St, Cabrini - Green, Chicago, IL
Property

Office

67,000 SF
Availability

3 Spaces

9,462 SF
Year Built

1935
For Lease

$18.00 - $28.00/SF/YR
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440 S Lasalle, 425 South Financial Place

440 South LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

1,019,325 SF
Availability

1 Space

1,340 SF
Year Built

1985
For Lease Contact for pricing
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451 North Claremont Avenue

451 North Claremont Avenue, West Town, Chicago, IL
Property

Office

25,500 SF
Availability

2 Spaces

11,000 SF
Year Built

1899
For Lease

$11.00 - $12.00/SF/YR
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680 N Lake Shore Dr

680 N Lake Shore Dr, Streeterville, Chicago, IL
Property

Office

426,713 SF
Availability

1 Space

3,400 SF
For Lease

$47.00/SF/YR
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1701 W. Belmont

1701 W. Belmont, Lakeview, Chicago, IL
Property

Retail

2,600 SF
Year Built

2006
For Sale

Subject to Offer
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626 W Jackson

626 West Jackson, West Loop, Chicago, IL
Property

Office

107,977 SF
Availability

4 Spaces

18,072 SF
Year Built

1920
For Lease

$30.00/SF/YR
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328 S Jefferson

328 S Jefferson, West Loop, Chicago, IL
Property

Office

280,000 SF
Availability

10 Spaces

95,134 SF
Year Built

1928
For Lease

$18.00 - $33.00/SF/YR
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Knight Building

549 West Randolph Street, West Loop, Chicago, IL
Property

Office

108,000 SF
Availability

1 Space

7,163 SF
Year Built

1909
For Lease Contact for pricing
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Avondale European Sports Bar and Café

3930 W School Street, Waclawowo, Chicago, IL
Property

Retail

1,447 SF
For Sale

$185,000
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540 N Lake Shore Drive

540 N Lake Shore Drive, Streeterville, Chicago, IL
Property

Office

3,800 SF
Availability

2 Spaces

8,800 SF
For Lease

$16.00 - $22.00/SF/YR
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600-614 W Roosevelt Rd

600-614 W Roosevelt Rd, South Loop, Chicago, IL
Property

Retail

24,400 SF
Availability

1 Space

4,016 SF
Year Built

1949
For Lease

$20.00/SF/YR
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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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209 West Jackson Blvd

209 West Jackson Blvd, Chicago Loop, Chicago, IL
Property

Office

144,465 SF
Availability

3 Spaces

72,168 SF
Year Built

1896
For Lease

$25.00 - $45.00/SF/YR
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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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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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C1 Small Shop Space

830 N Milwaukee Ave, Goose Island, Chicago, IL
Property

Retail

1,620 SF
Availability

1 Space

1,620 SF
Year Built

2018
For Lease

$32.00/SF/YR
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South Loop Retail/Office Space For Lease

1401 S. State Street, South Loop, Chicago, IL
Property

Retail

184,241 SF
Availability

1 Space

2,400 SF
Year Built

2008
For Lease

$23.00/SF/YR
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409 W Huron St

409 W Huron St, River North, Chicago, IL
Property

Office

20,588 SF
Availability

1 Space

3,474 SF
Year Built

1920
For Lease Contact for pricing
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Mixed-Use Building For Sale in West Town

1911 W Chicago Ave, West Town, Chicago, IL
Property

Multi-Family

4,945 SF
Year Built

1922
For Sale

$1,299,000
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River North Executive Loft | Full Floor Opportunity

401 W Superior St, River North, Chicago, IL
Property

Office

28,800 SF
Availability

1 Space

4,516 SF
Year Built

1930
For Lease

$28.00/SF/YR
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17 North Wabash

17 N wabash, Downtown Chicago, Chicago, IL
Property

Office

66,600 SF
Availability

3 Spaces

6,025 SF
Year Built

1900
For Lease

$23.00 - $26.60/SF/YR
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Rare C2-2 Zoned Commercial Condo

1138 North Milwaukee Avenue, Noble Square, Chicago, IL
Property

Retail

1,250 SF
Year Built

2008
For Sale

$325,000
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5952-5960 W Lawrence Ave, Chicago, IL

5952-5960 W Lawrence Ave. Chicago, IL, Jefferson Park, Chicago, IL
Property

Retail

9,500 SF
For Sale

$799,000
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231 South LaSalle Street

231 South LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

1,056,000 SF
Availability

7 Spaces

14,637 SF
Year Built

1922
For Lease Contact for pricing
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Hartford Plaza North

100 South Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

583,000 SF
Availability

2 Spaces

37,784 SF
Year Built

1962
For Lease

$19.00/SF/YR
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1856 W 47th St

1856 W 47th St, Back of the Yards, Chicago, IL
Property

Retail

1,121 SF
For Sale

$169,900
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14 North Sangamon Street

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

Retail
For Sale

Subject To Offer
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Cumberland Centre

5440-5450 N Cumberland Avenue, O'Hare, Chicago, IL
Property

Office

350,668 SF
Availability

13 Spaces

188,438 SF
Year Built

1986
For Lease

$28.50 - $33.00/SF/YR
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1645 N Clybourn Ave

1645 North Clybourn Avenue, Ranch Triangle, Chicago, IL
Property

Multi-Family

5,403 SF
Year Built

1998
For Sale

$1,588,000
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3037 West Polk Street

3037 West Polk Street, North Lawndale, Chicago, IL
Property

Multi-Family

3,050 SF
Year Built

2006
For Sale

$360,000
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855 West Belmont Avenue

855 West Belmont Avenue, Lakeview, Chicago, IL
Property

Office

25,000 SF
Availability

1 Space

3,800 SF
Year Built

2003
For Lease

$30.00/SF/YR
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77 W Washington St

77 W Washington St, Chicago Loop, Chicago, IL
Property

Office

861,200 SF
Availability

30 Spaces

49,488 SF
Year Built

1921
For Lease

$25.00 - $28.00/SF/YR
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4801 West Peterson Avenue

4801 West Peterson Avenue, South Edgebrook, Chicago, IL
Property

Office

102,000 SF
Availability

34 Spaces

52,649 SF
Year Built

1974
For Lease

$12.00 - $28.00/SF/YR
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224 North Maplewood Avenue

224 North Maplewood Avenue, Near West Side, Chicago, IL
Property

Industrial

51,500 SF
For Sale

$5,900,000
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7532 - 7550 West Addison Street

7532 - 7550 West Addison Street, Belmont Heights, Chicago, IL
Property

Retail

10,980 SF
Year Built

1930
For Sale

$885,000
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1965 W Pershing Rd, Chicago, IL

1965 W Pershing Rd, Back of the Yards, Chicago, IL
Property

Industrial

326,566 SF
Availability

1 Space

326,566 SF
For Lease

$6.50/SF/YR
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190 South LaSalle Street

190 South LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

798,782 SF
Availability

2 Spaces

11,277 SF
Year Built

1986
For Lease Contact for pricing
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1030 N Clark St, Chicago, IL 60610

1030 N Clark St, Near North Side Chicago, Chicago, IL
Property

Office

111,375 SF
Availability

4 Spaces

17,900 SF
For Lease

$28.50/SF/YR
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6,426 SF Food Commissary Available for Lease in Chicago

2141 S Racine, Pilsen, Chicago, IL
Property

Industrial
Availability

1 Space

6,426 SF
Year Built

1940
For Lease 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 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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