Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,649 listings of Chicago commercial real estate to find the best space for your business.

Lincoln Village

6165 North Lincoln Avenue, Pulaski Park, Chicago, IL
Property

Retail
Availability

7 Spaces

27,818 SF
For Lease Contact for pricing
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500 North Michigan Avenue

500 North Michigan Avenue, Near North Side Chicago, Chicago, IL
Property

Office

322,443 SF
Availability

2 Spaces

11,944 SF
Year Built

1967
For Lease Contact for pricing
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212 West Superior Street

212 West Superior Street, River North, Chicago, IL
Property

Office

77,696 SF
Availability

1 Space

2,925 SF
Year Built

1920
For Lease

$35.00/SF/YR
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720 North Franklin Street & 301-303 West Superior Street

720 North Franklin Street, River North, Chicago, IL
Property

Office

46,000 SF
Availability

2 Spaces

13,471 SF
Year Built

1999
For Lease

$33.00 - $39.50/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
3066 North Clybourn Avenue

3066 North Clybourn Avenue, Roscoe Village, Chicago, IL
Property

Retail

2,500 SF
Availability

1 Space

2,500 SF
Year Built

1933
For Lease

$32.00/SF/YR
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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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6743 S Western Ave.

6743 South Western Avenue, Marquette Park, Chicago, IL
Property

Office

3,675 SF
Availability

1 Space

3,675 SF
For Lease

$16.00/SF/MO
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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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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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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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CTS | Chicago Theological Seminary

1407 East 60th Street, Woodlawn, Chicago, IL
Property

Office

80,000 SF
Availability

2 Spaces

27,000 SF
For Lease

$18.00 - $35.00/SF/MO
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311 West Monroe Street

311 West Monroe Street, Chicago Loop, Chicago, IL
Property

Office

382,490 SF
Availability

3 Spaces

58,534 SF
Year Built

1972
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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1820 North Major Avenue

1820 North Major Avenue, Austin, Chicago, IL
Property

Industrial

30,000 SF
Year Built

1946
For Sale

$1,300,000
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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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222 South Riverside Plaza
WeWork
222 South Riverside Plaza #1500, 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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4412 W Belmont Ave

4412 W Belmont Ave, Kilbourn Park, Chicago, IL
Property

Multi-Family

3,000 SF
Year Built

1920
For Sale

$419,000
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The Monroe Building

104 South Michigan Avenue, Downtown Chicago, Chicago, IL
Property

Office

217,978 SF
Availability

10 Spaces

41,004 SF
Year Built

1912
For Lease

$34.00 - $37.00/SF/YR
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20 North Clark Street

20 North Clark Street, Chicago Loop, Chicago, IL
Property

Office

385,000 SF
Availability

31 Spaces

156,966 SF
Year Built

1980
For Lease Contact for pricing
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Lincoln Square | Foster-Western Office Available

5214 N. Western Avenue, Budlong Woods, Chicago, IL
Property

Office

9,000 SF
Year Built

1961
For Sale

$1,250,000
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5050 N Cicero Chicago

5050 N Cicero Chicago, Jefferson Park, Chicago, IL
Property

Retail

4,519 SF
Availability

1 Space

2,000 SF
For Lease Contact for pricing
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5130-5150 N Cicero Ave, Chicago, IL

5150 N Cicero Ave, Jefferson Park, Chicago, IL
Property

Retail

52,500 SF
Availability

1 Space

30,000 SF
For Lease

$3.30/SF/YR
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The Merchandise Mart

222 Merchandise Mart Plaza, River North, Chicago, IL
Property

Office

3,563,120 SF
Availability

1 Space

36,743 SF
Year Built

1930
For Lease Contact for pricing
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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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200 South Wacker Drive

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

Office

754,750 SF
Availability

2 Spaces

44,650 SF
Year Built

1981
For Lease Contact for pricing
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1482 North Milwaukee Avenue

1482 North Milwaukee Avenue, Wicker Park, Chicago, IL
Property

Retail
Availability

1 Space

3,267 SF
For Lease Contact for pricing
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1376 West Grand Avenue

1376 West Grand Avenue, West Town, Chicago, IL
Property

Retail

2,800 SF
Availability

1 Space

2,800 SF
For Lease

$24.00/SF/YR
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118 S. Clinton Street

118 S Clinton St, West Loop, Chicago, IL
Property

Retail

72,018 SF
Availability

1 Space

1,500 SF
Year Built

1903
For Lease Contact for pricing
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79th & Western

7842 S Western Ave, Wrightwood, Chicago, IL
Property

Retail

9,490 SF
Availability

3 Spaces

4,730 SF
For Lease

$18.00/SF/YR
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The Boyce Building

500 North Dearborn Street, Near North Side Chicago, Chicago, IL
Property

Office

168,000 SF
Availability

14 Spaces

113,366 SF
Year Built

1912
For Lease Contact for pricing
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NBC Tower

455 North Cityfront Plaza Drive, Streeterville, Chicago, IL
Property

Office

896,770 SF
Availability

1 Space

11,748 SF
Year Built

1989
For Lease Contact for pricing
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Wilson Magnolia Plaza - Chicago (Uptown)

1244-1254 W Wilson Ave., Sheridan Park, Chicago, IL
Property

Retail

6,124 SF
Year Built

1992
For Sale

$1,560,000
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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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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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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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Monroe Plaza - 200 West Monroe

200 West Monroe Street, Chicago Loop, Chicago, IL
Property

Office

634,847 SF
Availability

2 Spaces

31,312 SF
Year Built

1973
For Lease Contact for pricing
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Former Lincoln Park 7-11 For Sale | Commercial Condo

2020 N Lincoln Park West, Lincoln Park, Chicago, IL
Property

Retail

4,788 SF
Year Built

1972
For Sale

Subject To Offer
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Holiday Plaza Shopping Center

4747 N Harlem Avenue, Harwood Heights, IL
Property

Retail

70,345 SF
Availability

2 Spaces

7,045 SF
Year Built

1988
For Lease

$24.00/SF/YR
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917 W Madison Street

917 W Madison Street, Near West Side, Chicago, IL
Property

Retail
Availability

1 Space

3,600 SF
For Lease Contact for pricing
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3-Unit Greystone | Renovated | Washington Park

5419 South Wabash Avenue, Washington Park, Chicago, IL
Property

Multi-Family

4,082 SF
Year Built

1908
For Sale

$770,000
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6625 N. Avondale Ave

6625 N. Avondale Avenue, Edison Park, Chicago, IL
Property

Office

15,550 SF
Availability

1 Space

6,446 SF
For Lease

$16.00/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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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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3512 N Kostner Ave

3512 N Kostner Ave, Kilbourn Park, Chicago, IL
Property

Industrial

41,400 SF
Availability

2 Spaces

41,400 SF
Year Built

1989
For Lease

$7.00 - $12.50/SF/YR
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Hollander Logan Square

2418 N Milwaukee Ave # 30, Logan Square, Chicago, IL
Property

Retail

29,000 SF
Availability

1 Space

8,785 SF
Year Built

1909
For Lease Contact for pricing
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401 N. Paulina

401 N. Paulina, West Town, Chicago, IL
Property

Industrial

20,000 SF
Availability

1 Space

20,000 SF
Year Built

1909
For Lease

$18.00/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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750 N Rush Street

750 N Rush Street, Near North Side Chicago, Chicago, IL
Property

Retail
Availability

1 Space

2,519 SF
For Lease Contact for pricing
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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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2863 W Cermak Rd

2863 W Cermak Rd, Little Village, Chicago, IL
Property

Retail

4,074 SF
For Sale

$485,000
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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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558 E. 79th St.

558 E. 79th St., Park Manor, Chicago, IL
Property

Retail

5,100 SF
Year Built

1960
For Sale

$595,000
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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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