Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,627 listings of Chicago commercial real estate to find the best space for your business.

7456 S South Shore

7456 South South Shore Drive, South Shore, Chicago, IL
Property

Multi-Family

43,550 SF
Year Built

1928
For Sale

$3,600,000
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Roosevelt Office Lofts and Corner Shops

622 West Roosevelt Road, South Loop, Chicago, IL
Property

Retail

19,560 SF
Availability

3 Spaces

11,624 SF
For Lease Contact for pricing
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6040 Hohman Ave

6040 South State Line Road, East Side Chicago, Chicago, IL
Property

Office

6,600 SF
Year Built

1969
For Sale

$500,000
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Monadnock

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

Office

452,000 SF
Availability

21 Spaces

19,371 SF
Year Built

1891
For Lease

$763.00 - $4,793.00/MO
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Office Coworking Retail Industrial

Office Retail Industrial Land
1659 W. Division Street

1659 W Division Street, East Village, Chicago, IL
Property

Retail

7,500 SF
Year Built

1890
For Sale

Subject To Offer
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6557 S Minerva - 10-Unit Apartment Building in East Woodlawn

6557 S Minerva Ave, Woodlawn, Chicago, IL
Property

Multi-Family

15,000 SF
Year Built

1902
For Sale

$1,650,000
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20 & 28 Pines Road

20 & 28 Pines Road, Chicago Loop, Branchville, NJ
Property

Land

10.5 Acre
For Sale

$349,000
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3500 N Kostner Ave

3500 N Kostner Ave, Kilbourn Park, Chicago, IL
Property

Industrial

30,450 SF
Availability

2 Spaces

30,450 SF
Year Built

1951
For Lease

$7.00 - $12.50/SF/YR
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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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3541-43 Southport

3541-43 Southport, Lakeview, Chicago, IL
Property

Retail

13,200 SF
For Sale

$2,700,000
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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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111 N Wabash Ave

111 N Wabash Ave, Downtown Chicago, Chicago, IL
Property

Other

223 SF
Availability

1 Space

223 SF
For Lease Contact for pricing
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158 W Erie St

158 W Erie St. , River North, Chicago, IL
Property

Office

7,101 SF
Availability

1 Space

7,101 SF
For Lease

$25.00/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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180 West Washington

180 W Washington, Chicago Loop, Chicago, IL
Property

Office

41,178 SF
Availability

8 Spaces

14,335 SF
Year Built

1924
For Lease

$22.00 - $26.00/SF/YR
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The Bauer Building

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

Office

58,000 SF
Availability

2 Spaces

8,927 SF
Year Built

1986
For Lease

$29.00/SF/YR
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VCollective - 322 South Green Street

322 South Green Street, Near West Side, Chicago, IL
Property

Office

91,106 SF
Availability

1 Space

4,500 SF
Year Built

1921
For Lease Contact for pricing
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2641 West Division Street

2641 West Division Street, Humboldt Park, Chicago, IL
Property

Office

1,700 SF
Availability Contact for availability

For Lease Contact for pricing
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1901 N. Clybourn Avenue

1901 North Clybourn Avenue, Ranch Triangle, Chicago, IL
Property

Retail

38,640 SF
Availability

1 Space

6,040 SF
For Lease Contact for pricing
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224 North Maplewood Avenue

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

Industrial

51,500 SF
Availability

1 Space

51,500 SF
For Lease

$10.00/SF/YR
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Land For Sale or Ground Lease Chicago 3.89 Acres

3256 North Milwaukee Avenue, Jackowo, Chicago, IL
Property

VacantLand
For Sale Contact for pricing
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875 North Michigan Avenue

875 North Michigan Avenue, Streeterville, Chicago, IL
Property

Office

1,069,000 SF
Availability

16 Spaces

178,878 SF
Year Built

1970
For Lease Contact for pricing
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PNC Centre at One North Franklin

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

Office

617,592 SF
Availability

1 Space

1,939 SF
Year Built

1992
For Lease Contact for pricing
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12,801 SF Available for Lease in Chicago

5707 N Northwest Hwy, Norwood Park East, Chicago, IL
Property

Industrial

12,801 SF
Availability

1 Space

12,801 SF
For Lease Contact for pricing
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2110 W. Division Street

2110 W Division St, Wicker Park, Chicago, IL
Property

Retail

6,259 SF
Availability

1 Space

950 SF
Year Built

1901
For Lease Contact for pricing
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1000 W Washington Boulevard

1000 W Washington Boulevard, Fulton Market, Chicago, IL
Property

Retail
Availability

2 Spaces

6,058 SF
For Lease Contact for pricing
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The Bell

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

Office

850,000 SF
Availability

1 Space

4,842 SF
Year Built

1967
For Lease Contact for pricing
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508 N. Hermitage Ave

508 N. Hermitage Ave, West Town, Chicago, IL
Property

Industrial

2,320 SF
Availability

1 Space

2,320 SF
For Lease

$7,000.00/MO
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120 South LaSalle Street

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

Office

658,784 SF
Availability

1 Space

9,379 SF
Year Built

1928
For Lease Contact for pricing
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Newly Constructed 1,450 SF Retail Space Available

1723 W North Avenue, Wicker Park, Chicago, IL
Property

Retail

5,900 SF
Availability

1 Space

1,450 SF
Year Built

2024
For Lease

$35.00/SF/YR
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71st & Jeffery Retail

7134 S Jeffery Avenue, South Shore, Chicago, IL
Property

Retail

3,300 SF
Availability

2 Spaces

2,950 SF
For Lease

$1,000.00 - $2,500.00/MO
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SEC Broadway & Berwyn

SEC Broadway & Berwyn, Lakewood - Balmoral, Chicago, IL
Property

Retail
Availability

1 Space

9,220 SF
For Lease Contact for pricing
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9625 S Colfax Ave, Chicago, IL

9625 S Colfax Ave, South Deering, Chicago, IL
Property

Office

5,000 SF
Availability

1 Space

5,000 SF
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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1800 S. Ashland

1800 S. Ashland, Heart of Chicago, Chicago, IL
Property

Retail

3,200 SF
Availability

1 Space

2,400 SF
For Lease Contact for pricing
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5201 W Grand Ave

5201 W Grand Ave, Hanson Park, Chicago, IL
Property

Industrial

52,650 SF
Availability

1 Space

8,511 SF
Year Built

1945
For Lease

$6.00/SF/YR
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445 E 107th St.

445 East 107th Street, Roseland, Chicago, IL
Property

Multi-Family

14,400 SF
For Sale

$1,440,000
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The Raleigh Building- Suite 300

650 North Dearborn Street- Suite 300, Near North Side Chicago, Chicago, IL
Property

Office

33,295 SF
Availability

1 Space

2,175 SF
Year Built

1870
For Lease

$27.50/SF/YR
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150 North State Street

150 North State Street, Chicago Loop, Chicago, IL
Property

Retail
Availability

2 Spaces

62,406 SF
For Lease Contact for pricing
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73 W Monroe LLC
Expansive
73 West Monroe Street, Chicago, IL
Services

Meeting Room
Amenities

Vending machine
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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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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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511 W Division

511 W Division, Cabrini - Green, Chicago, IL
Property

Retail

1,250 SF
Availability

1 Space

1,250 SF
Year Built

2008
For Lease

$24.00/SF/YR
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River North Divisible Restaurant/Retail Spaces

405 N Wabash Ave, Near North Side Chicago, Chicago, IL
Property

Retail

543,600 SF
Availability

3 Spaces

11,942 SF
Year Built

1977
For Lease

$50.00 - $60.00/SF/YR
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200 West Monroe

200 W. Monroe Street, Chicago Loop, Chicago, IL
Property

Office

634,847 SF
Availability

22 Spaces

202,735 SF
For Lease Contact for pricing
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1241 N Clybourn Ave, Chicago, IL

1241 N Clybourn Ave, Old Town Chicago, Chicago, IL
Property

Retail

1,900 SF
Availability

1 Space

1,900 SF
For Lease Contact for pricing
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13197 S. Torrence Avenue

13197 S. Torrence Avenue, Hegewisch, Burnham, IL
Property

Retail

4,608 SF
Year Built

1975
For Sale

$550,000
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651 West Washington Blvd

651 West Washington Blvd, West Loop, Chicago, IL
Property

Office

200,000 SF
Availability

1 Space

12,080 SF
Year Built

1988
For Lease Contact for pricing
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7555 N California Ave

7555 N California Ave, West Rogers Park, Chicago, IL
Property

Retail

1,640 SF
Availability

1 Space

1,640 SF
Year Built

1951
For Lease

$36.59/SF/YR
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5354 N Kedzie Avenue Chicago

5354 N Kedzie Avenue Chicago, North Park, Chicago, IL
Property

Retail

10,000 SF
Availability

1 Space

600 SF
For Lease

$20.00/SF/YR
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4909 West Division Street

4909 West Division Street, Austin, Chicago, IL
Property

Office

73,614 SF
Availability

4 Spaces

21,456 SF
Year Built

1983
For Lease

$15.00/SF/YR
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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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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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