Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,630 listings of Chicago commercial real estate to find the best space for your business.

Fulton Market | Mixed-Use

1115 W Lake Street, Fulton Market, Chicago, IL
Property

Retail

7,500 SF
Availability

1 Space

2,500 SF
Year Built

1898
For Lease

$40.00/SF/YR
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10 North Dearborn Street

10 North Dearborn Street, Chicago Loop, Chicago, IL
Property

Office

80,288 SF
Availability

1 Space

16,000 SF
Year Built

1987
For Lease Contact for pricing
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3774 n clark

3774 n clark, Lakeview, Chicago, IL
Property

Retail

10,835 SF
Availability Contact for availability
Year Built

1910
For Lease Contact for pricing
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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
Availability

1 Space

1,800 SF
Year Built

1955
For Lease

$22.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
350 West Ontario Street

350 West Ontario Street, River North, Chicago, IL
Property

Office

38,870 SF
Availability

4 Spaces

16,929 SF
Year Built

1925
For Lease Contact for pricing
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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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4600 Plaza

4600 Harlem Avenue, Harwood Heights, IL
Property

Office
Availability

1 Space

1,863 SF
For Lease Contact for pricing
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1033 West Van Buren Street

1033 West Van Buren Street, Near West Side, Chicago, IL
Property

Office

82,712 SF
Availability

5 Spaces

54,439 SF
Year Built

2015
For Lease Contact for pricing
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One Illinois Center

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

Office

1,151,686 SF
Availability

1 Space

19,615 SF
Year Built

1969
For Lease Contact for pricing
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181,760 SF New Construction Available for Lease in Chicago

4300 W Roosevelt Rd, North Lawndale, Chicago, IL
Property

Industrial

181,760 SF
Availability

2 Spaces

363,520 SF
For Lease Contact for pricing
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Kemper Building

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

Office

526,158 SF
Availability

1 Space

5,055 SF
Year Built

1962
For Lease

$42.50/SF/YR
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111 N Wabash Ave

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

Office

259,000 SF
For Sale

$2,310,000
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7424 S Lockwood Ave

7424 S Lockwood Ave, Bedford Park, IL
Property

Industrial

84,461 SF
Availability

1 Space

84,461 SF
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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The Fields

4000 West Diversey Avenue, Belmont Gardens, Chicago, IL
Property

Office

920,017 SF
Availability

9 Spaces

164,448 SF
Year Built

2015
For Lease Contact for pricing
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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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O'Hare Plaza - 8735 West Higgins

8735 West Higgins Road, O'Hare, Chicago, IL
Property

Office

84,384 SF
Availability

4 Spaces

26,128 SF
Year Built

1972
For Lease

$20.00/SF/YR
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Fully Equipped Restaurant with Bar

416 W Ontario Street, River North, Chicago, IL
Property

Retail

2,797 SF
Year Built

1923
For Sale

$675,000
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60 East Jackson Boulevard

60 East Jackson Boulevard, Downtown Chicago, Chicago, IL
Property

Retail
Availability

1 Space

1,308 SF
For Lease Contact for pricing
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216 N May

216 N May, Fulton Market, Chicago, IL
Property

Office

14,589 SF
Availability

2 Spaces

3,707 SF
For Lease

$22.00/SF/YR
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Citadel Center

131 South Dearborn Street, Chicago Loop, Chicago, IL
Property

Office

1,504,364 SF
Availability

2 Spaces

96,321 SF
Year Built

2003
For Lease Contact for pricing
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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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1857 West North Avenue

1857 West North Avenue, Wicker Park, Chicago, IL
Property

Retail

1,872 SF
Availability

1 Space

1,872 SF
For Lease

$45.00/SF/YR
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Englewood Square

NWC Halsted & 63rd Street, Englewood, Chicago, IL
Property

Retail

49,444 SF
Availability

1 Space

20,141 SF
For Lease Contact for pricing
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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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61,080 SF Available for Lease in Chicago

4200 S Morgan St, Back of the Yards, Chicago, IL
Property

Industrial

61,080 SF
Availability

1 Space

61,080 SF
For Lease Contact for pricing
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660 W Lake

660 W Lake, Fulton River District, Chicago, IL
Property

Office

14,530 SF
Availability

3 Spaces

8,408 SF
Year Built

1902
For Lease

$19.00 - $22.00/SF/YR
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440 North Wells Street

440 North Wells Street, River North, Chicago, IL
Property

Office

96,130 SF
Availability

1 Space

5,075 SF
Year Built

1894
For Lease Contact for pricing
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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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North Center | Fully-Built Medical / Retail Condo

3807 N Lincoln Ave., North Center, Chicago, IL
Property

Retail

1,833 SF
For Sale

$399,000
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1520 N Sedgwick St

1520 N Sedgwick St, Old Town Chicago, Chicago, IL
Property

Retail

900 SF
Year Built

2004
For Sale

$199,000
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Lincoln Business Center

4100 W 76th St, Ford City, Chicago, IL
Property

Industrial

796,454 SF
Availability

3 Spaces

59,400 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 Thompson Building

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

Office

107,000 SF
Availability

7 Spaces

66,752 SF
Year Built

1914
For Lease Contact for pricing
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112th Place & State Street - FOR SALE

28 East 112th Place, Roseland, Chicago, IL
Property

Other

21,684 SF
For Sale

$865,000
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954 West Washington Boulevard

954 West Washington Boulevard, Fulton Market, Chicago, IL
Property

Office

148,000 SF
Availability

12 Spaces

54,365 SF
For Lease

$26.00 - $32.50/SF/YR
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101 North Wacker Drive

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

Office

599,503 SF
Availability

7 Spaces

134,835 SF
Year Built

1980
For Lease

$19.00/SF/YR
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SamsBeauty Warehouse

7200 S Cicero Ave, Bedford Park, Chicago, IL
Property

Retail

81,798 SF
Year Built

1990
For Sale

$5,750,000
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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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932 E 79th Street

932-944 E 79th Street, Greater Grand Crossing, Chicago, IL
Property

Multi-Family

17,450 SF
Year Built

1926
For Sale

$1,170,000
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2255 W 95th Street

2255 W 95th Street, Beverly, Chicago, IL
Property

Retail

5,667 SF
Availability

1 Space

5,667 SF
For Lease Contact for pricing
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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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162 West Grand

162 W Grand, River North, Chicago, IL
Property

Office

8,218 SF
Availability

1 Space

2,046 SF
Year Built

1881
For Lease

$24.00/SF/YR
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605 South Albany Avenue

605 South Albany Avenue, North Lawndale, Chicago, IL
Property

Office

46,000 SF
Availability

1 Space

6,700 SF
For Lease

$18.50/SF/YR
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Morgan Arts Complex

3622 S. Morgan Street, Bridgeport, Chicago, IL
Property

Other

177,000 SF
Availability

8 Spaces

57,651 SF
Year Built

2021
For Lease Contact for pricing
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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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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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4909 West Division Street

4909 West Division Street, Austin, Chicago, IL
Property

Office

78,054 SF
Availability Contact for availability
Year Built

1980
For Lease Contact for pricing
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55 East Randolph

55 E Randolph, Downtown Chicago, Chicago, IL
Property

Office

1,881,000 SF
Availability

1 Space

16,299 SF
Year Built

2005
For Lease

$23.00/SF/YR
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1659 W Hubbard St

1659 W Hubbard St, West Town, Chicago, IL
Property

Office

11,305 SF
Availability

1 Space

3,988 SF
Year Built

2009
For Lease

$27.00/SF/YR
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4428 N Elston Ave

4428 N Elston Ave, Mayfair, Chicago, IL
Property

Industrial

6,200 SF
Year Built

1915
For Sale

$775,000
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Second Shift Chicago
Creative Density - Second Shift and Suites
3432 West Diversey Avenue, Chicago, IL
Services

Open Workspace

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

Ergonomic furniture

High-speed wifi

Lockable filing cabinets

Lockers

Premium coffee

Printer

Privacy booths

Professional & social events

Standing desks
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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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