Phoenix, IL Commercial Real Estate for Lease and Sale

Explore 15 listings of Phoenix commercial real estate to find the best space for your business.

Phoenix Apartments

611 E 151st St, Phoenix, IL
Property

Multi-Family

8,400 SF
Year Built

1968
For Sale

$895,000
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Delivery September 2024! 14,000 SF Truck Maintenance on 10 Acres

15101 Commercial Avenue, Harvey, IL
Property

Industrial

14,000 SF
Availability

1 Space

14,000 SF
Year Built

2024
For Lease Contact for pricing
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South Park Center

432 E 162nd Street, South Holland, IL
Property

Retail

13,572 SF
Availability

1 Space

1,374 SF
For Lease

$32.36/SF/YR
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174 E 154th St

174 E 154th St, Harvey, IL
Property

Office

22,004 SF
Availability

5 Spaces

11,047 SF
For Lease

$16.00/SF/YR
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Village Center

546 East 162nd Street, South Holland, IL
Property

Retail

1,225 SF
For Sale

$116,000
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2130 W 163rd Place

2130 W 163rd Place, Markham, IL
Property

Industrial

11,000 SF
Availability

1 Space

11,000 SF
For Lease

$30,000.00/MO
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Pacesetter Plaza

1000-1058 East 162nd Street, South Holland, IL
Property

Retail

33,654 SF
Year Built

1956
For Sale

$4,340,000
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565 E 170th Street

565 E 170th Street, South Holland, IL
Property

Other

4,920 SF
For Sale

$600,000
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2910 Wireton Rd

2910 Wireton Rd, Blue Island, IL
Property

Industrial

20,000 SF
Year Built

1987
For Sale

Subject to Offer
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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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175th Kedzie

17465 Kedzie, Hazel Crest, IL
Property

Retail

12,312 SF
Availability

1 Space

3,250 SF
For Lease

$18.00/SF/YR
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River Oaks Center

96 River Oaks Drive, Calumet City, IL
Property

Retail

364,732 SF
Availability

39 Spaces

108,028 SF
Year Built

1965
For Lease Contact for pricing
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Industrial Warehouse in Enterprise Zone | Business Grant Program

13210 S. Olde Western Avenue, Blue Island, IL
Property

Industrial

13,135 SF
Year Built

1916
For Sale

Subject To Offer
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16100 S. Springfield Avenue

16100 S. Springfield Avenue, Robbins, Markham, IL
Property

Industrial

32,615 SF
Availability

1 Space

39,615 SF
Year Built

2000
For Lease Contact for pricing
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2859 Bernice Road

2859 Bernice Road, Lansing, IL
Property

Industrial

6,046 SF
For Sale

Subject To Offer
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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.

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.
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.
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.

The listing inventory in Phoenix 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 Phoenix is represented by Office space.

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.

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 Phoenix, depending on the property type you are interested in.

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.

The average size of a commercial property in Phoenix depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build.

Phoenix, IL Commercial Real Estate for Lease and Sale

Phoenix Apartments

Delivery September 2024! 14,000 SF Truck Maintenance on 10 Acres

South Park Center

174 E 154th St

Village Center

2130 W 163rd Place

Pacesetter Plaza

565 E 170th Street

2910 Wireton Rd

13197 S. Torrence Avenue

175th Kedzie

River Oaks Center

Industrial Warehouse in Enterprise Zone | Business Grant Program

16100 S. Springfield Avenue

2859 Bernice Road

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Phoenix, 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 Phoenix, IL?

What factors affect the price of commercial real estate in Phoenix, IL?

What are the best areas for commercial real estate in Phoenix, 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 Phoenix, IL?

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