Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,625 listings of Chicago commercial real estate to find the best space for your business.

2016 W. Carroll

2016 W. Carroll, Near West Side, Chicago, IL
Property

Industrial

14,000 SF
Availability

1 Space

14,000 SF
Year Built

1951
For Lease

$14.00/SF/YR
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6054 S. Prairie

6054 South Prairie Avenue, Washington Park, Chicago, IL
Property

Retail

900 SF
Year Built

1925
For Sale

$175,000
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102 W Chicago Avenue

102 W Chicago Avenue, Near North Side Chicago, Chicago, IL
Property

Retail
Availability

1 Space

2,579 SF
For Lease Contact for pricing
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112 S Sangamon St

112 S Sangamon St, Near West Side, Chicago, IL
Property

Office

31,250 SF
Availability

3 Spaces

12,400 SF
For Lease

$22.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
4744 W. Belmont Ave, Chicago, IL, 60641

4744 W Belmont Ave., Kilbourn Park, Chicago, IL
Property

Retail

3,100 SF
Year Built

1980
For Sale

$1,299,000
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200 West Jackson Blvd

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

Office

481,952 SF
Availability

2 Spaces

35,746 SF
Year Built

1971
For Lease Contact for pricing
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Expansive Pru
Expansive
180 North Stetson Avenue, Chicago, IL
Services

Meeting Room
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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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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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The Sally

5085 N Broadway, Uptown Chicago, Chicago, IL
Property

Retail
Availability

1 Space

5,755 SF
For Lease Contact for pricing
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850 West Jackson Boulevard

850 West Jackson Boulevard, Near West Side, Chicago, IL
Property

Office

115,700 SF
Availability

5 Spaces

22,551 SF
Year Built

1912
For Lease Contact for pricing
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Historic Gold Coast 3-Story 7,200 SF Office/Retail Property

802-804 N Dearborn St, Near North Side Chicago, Chicago, IL
Property

Office

7,200 SF
Year Built

1889
For Sale

$2,300,000
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The Chicago Club

81 E Van Buren, Downtown Chicago, Chicago, IL
Property

Office

120,800 SF
Availability

2 Spaces

1,600 SF
Year Built

1929
For Lease

$38.00 - $70.00/SF/YR
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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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Courthouse Place

54 West Hubbard Street, Near North Side Chicago, Chicago, IL
Property

Office

107,000 SF
Availability

1 Space

6,600 SF
Year Built

1985
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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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 Rookery

209 S LaSalle St, Chicago Loop, Chicago, IL
Property

Office

288,924 SF
Availability

15 Spaces

165,243 SF
Year Built

1888
For Lease

$23.00 - $25.50/SF/YR
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3021 West Harrison Street

3021 West Harrison Street, North Lawndale, Chicago, IL
Property

Industrial

46,000 SF
Availability

1 Space

6,500 SF
For Lease

$15.00/SF/YR
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Wicker Park
Regus
1200 North Ashland Avenue #500, 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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99,530 SF Freezer/Cooler Space for Lease 3815 S. Ashland, Chicago, IL

3815 S Ashland Ave, Bridgeport, Chicago, IL
Property

Industrial

99,530 SF
Availability

1 Space

99,530 SF
For Lease Contact for pricing
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The Rosie

1461 South Blue Island Avenue, Little Italy, Chicago, IL
Property

Retail

7,000 SF
Availability

2 Spaces

6,948 SF
Year Built

2021
For Lease

$22.00 - $25.00/SF/YR
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930 W Huron St

930 W Huron St, River West, Chicago, IL
Property

Office

14,486 SF
Year Built

1900
For Sale

Subject To Offer
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1284 N Milwaukee Ave

1284 N Milwaukee Ave, Wicker Park, Chicago, IL
Property

Retail

2,000 SF
Availability Contact for availability
Year Built

1889
For Lease Contact for pricing
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4520 W. North Avenue

4520 W. North Avenue, Hermosa, Chicago, IL
Property

Industrial

10,375 SF
Availability

1 Space

4,375 SF
For Lease Contact for pricing
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2214-16 W. Hubbard

2214-16 W. Hubbard, West Town, Chicago, IL
Property

Industrial

7,000 SF
Availability

2 Spaces

7,000 SF
For Lease

$5,100.00 - $5,400.00/MO
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The Harper Court

5235 South Harper Court, Hyde Park, Chicago, IL
Property

Office

261,010 SF
Availability

5 Spaces

5,159 SF
Year Built

2013
For Lease Contact for pricing
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333 South State Street

333 South State Street, Chicago Loop, Chicago, IL
Property

Retail
Availability

1 Space

1,890 SF
For Lease Contact for pricing
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2700 N Campbell Avenue, Chicago

2700 N Campbell Avenue, Logan Square, Chicago, IL
Property

Industrial

16,557 SF
Availability

1 Space

16,557 SF
Year Built

1908
For Lease

$15.00/SF/YR
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Pilsen, Chicago

1723 South Ashland Avenue, Pilsen, Chicago, IL
Property

Other

11,800 SF
Year Built

1930
For Sale

$3,200,000
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1311 W Ohio St

1311 W Ohio St, West Town, Chicago, IL
Property

Multi-Family

3,706 SF
Year Built

1890
For Sale

$949,000
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310 N Peoria St

310 N Peoria St, Fulton Market, Chicago, IL
Property

Office

26,412 SF
Availability

1 Space

4,375 SF
For Lease

$25.00 - $40.00/SF/YR
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Veterans Square Office Center

4849 North Milwaukee Avenue, Jefferson Park, Chicago, IL
Property

Office

105,000 SF
Availability

11 Spaces

51,861 SF
Year Built

2001
For Lease

$15.00 - $18.00/SF/YR
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10857 S Halsted St

10857 S Halsted St, Roseland, Chicago, IL
Property

Retail

1,200 SF
Availability

1 Space

1,200 SF
Year Built

1954
For Lease

$30.00/SF/YR
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769-775 W. Jackson

769-775 W Jackson Street, Greektown, Chicago, IL
Property

Retail

11,522 SF
Year Built

1911
For Sale

Subject To Offer
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120 West Madison Street

120 West Madison Street, Chicago Loop, Chicago, IL
Property

Office

111,323 SF
Availability

23 Spaces

52,297 SF
Year Built

1929
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
For Sale

$5,900,000
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VCollective - 833 West Jackson Blvd

833 West Jackson Blvd, Near West Side, Chicago, IL
Property

Office

60,000 SF
Availability

1 Space

3,105 SF
Year Built

1909
For Lease Contact for pricing
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2159-2061 West Hastings Street

2159 West Hastings Street, Illinois Medical District, Chicago, IL
Property

Industrial

84,299 SF
Availability

1 Space

10,210 SF
Year Built

1967
For Lease Contact for pricing
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800 Fulton Market

800 West Fulton Street, Fulton Market, Chicago, IL
Property

Office

466,500 SF
Availability

1 Space

11,945 SF
Year Built

2021
For Lease

$42.00/SF/YR
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600 West Chicago

600 West Chicago Avenue, Goose Island, Chicago, IL
Property

Office

1,650,000 SF
Availability

2 Spaces

325,413 SF
Year Built

2001
For Lease

$29.50/SF/YR
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4015 N Milwaukee Avenue

4015 N Milwaukee Avenue, Portage Park, Chicago, IL
Property

Retail
Availability

3 Spaces

10,480 SF
For Lease Contact for pricing
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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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Corner Mixed-Use Asset at 63rd & Western

2356 W 63rd St, Chicago Lawn, Chicago, IL
Property

Retail

8,250 SF
Year Built

1956
For Sale

$399,000
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900 North Michigan Avenue

900 North Michigan Avenue, Gold Coast, Chicago, IL
Property

Office

546,016 SF
Availability

7 Spaces

40,229 SF
Year Built

1988
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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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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444 North Wabash Avenue

444 North Wabash Avenue, Near North Side Chicago, Chicago, IL
Property

Office

65,800 SF
Availability

2 Spaces

10,000 SF
Year Built

1935
For Lease

$27.00/SF/YR
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312 N Central

312 North Central Avenue, Austin, Chicago, IL
Property

Multi-Family

26,450 SF
Year Built

1924
For Sale

$1,700,000
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4603-4611 N Broadway

4603-4611 N Broadway, Uptown Chicago, Chicago, IL
Property

Retail

1 SF
Availability

5 Spaces

12,014 SF
For Lease Contact for pricing
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3401-17 W. Irving Park Road

3401-17 W. Irving Park Road, Irving Park, Chicago, IL
Property

Retail

13,358 SF
Availability

1 Space

5,249 SF
Year Built

1985
For Lease Contact for pricing
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300 South Wacker Drive

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

Office

512,354 SF
Availability

23 Spaces

191,147 SF
Year Built

1971
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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