Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,626 listings of Chicago commercial real estate to find the best space for your business.

6200 West 51st Street

6200 West 51st Street, Garfield Ridge, Stickney, IL
Property

Industrial

198,316 SF
Availability

1 Space

24,000 SF
Year Built

1920
For Lease Contact for pricing
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Clark-Wellington

NEC Clark Street & Wellington Avenue, Lakeview, Chicago, IL
Property

Retail

28,671 SF
Availability

1 Space

1,915 SF
For Lease Contact for pricing
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Board of Trade

141 West Jackson Boulevard, Chicago Loop, Chicago, IL
Property

Office

1,392,875 SF
Availability

1 Space

18,383 SF
Year Built

1930
For Lease Contact for pricing
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2620 N Milwaukee Avenue

2620 N Milwaukee Avenue, Logan Square, Chicago, IL
Property

Retail
Availability

1 Space

1,986 SF
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
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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3653 W. Barry Ave | For Sale

3653 West Barry Avenue, Jackowo, Chicago, IL
Property

Multi-Family

15,754 SF
Year Built

2022
For Sale

$4,750,000
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Edens View

4747 West Peterson Avenue, Sauganash, Chicago, IL
Property

Office

36,400 SF
Availability

1 Space

6,300 SF
Year Built

1971
For Lease Contact for pricing
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964 West Belmont Avenue

964 West Belmont Avenue, Lakeview, Chicago, IL
Property

Retail
Availability

1 Space

2,645 SF
For Lease Contact for pricing
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303 West Institute Place

303 West Institute Place, Near North Side Chicago, Chicago, IL
Property

Office

29,708 SF
Availability

1 Space

5,177 SF
Year Built

1890
For Lease Contact for pricing
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Ford City Mall

7601 South Cicero Avenue, Ford City, Chicago, IL
Property

Retail

1,258,480 SF
Availability

48 Spaces

316,250 SF
Year Built

1965
For Lease Contact for pricing
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Value-add Multifamily Redevelopment

712 West 19th Street, East Pilsen, Chicago, IL
Property

Multi-Family

6,060 SF
For Sale

$475,000
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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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The Wrigley Building

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

Office

472,639 SF
Availability

22 Spaces

100,633 SF
Year Built

1921
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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111 N Wabash Ave

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

Office

259,000 SF
For Sale

$1,100,000
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4361 North Lincoln Avenue

4361 North Lincoln Avenue, North Center, Chicago, IL
Property

Office

2,200 SF
For Sale

$399,000
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33 North LaSalle Street

33 North LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

402,010 SF
Availability

15 Spaces

110,140 SF
Year Built

1929
For Lease Contact for pricing
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5875 N Lincoln Ave

5875 N Lincoln Ave, West Rogers Park, Chicago, IL
Property

Office

35,282 SF
For Sale

$3,127,000
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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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8235 South Kedzie Avenue

8235 South Kedzie Avenue, Wrightwood, Chicago, IL
Property

Office

16,400 SF
Availability

1 Space

1,100 SF
For Lease

$24.00/SF/YR
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409 W Huron St

409 W Huron St, River North, Chicago, IL
Property

Office

20,588 SF
Availability

1 Space

3,474 SF
Year Built

1920
For Lease Contact for pricing
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8 South Michigan Avenue

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

Office

174,000 SF
Availability

27 Spaces

48,676 SF
Year Built

1928
For Lease

$23.00 - $35.00/SF/YR
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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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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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1550-1556 West Carroll Avenue

1550 West Carroll Avenue, Near West Side, Chicago, IL
Property

Office

84,600 SF
Availability

1 Space

9,730 SF
Year Built

1922
For Lease Contact for pricing
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Five One Five North State

515 North State Street, Near North Side Chicago, Chicago, IL
Property

Office

664,158 SF
Availability

4 Spaces

66,254 SF
Year Built

1990
For Lease Contact for pricing
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Clear Ridge Medical Center

6745 W 63rd Street, Clearing, Chicago, IL
Property

Office

2,850 SF
Availability

1 Space

650 SF
For Lease

$1,200.00/MO
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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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LocalWorks - Chicago
LocalWorks
101 West Grand Avenue, Chicago, IL
Services

Virtual Office

Meeting Room

Private Office
Amenities

Kitchen

Lounge area

Office furniture

Window view
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5521 N Milwaukee Ave

5521 North Milwaukee Avenue, Jefferson Park, Chicago, IL
Property

Industrial

1,350 SF
Availability

1 Space

1,350 SF
Year Built

1970
For Lease

$40.00/SF/YR
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2044 N. Halsted Street

2044 N. Halsted Street, Sheffield, Chicago, IL
Property

Retail
Availability

1 Space

2,639 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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1030 N Clark St, Chicago, IL 60610

1030 N Clark St, Near North Side Chicago, Chicago, IL
Property

Office

111,375 SF
Availability

4 Spaces

17,900 SF
For Lease

$28.50/SF/YR
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SWC of Sheridan Road and Irving Park Road

3956 N Sheridan, Lakeview, Chicago, IL
Property

Retail

10,355 SF
Availability

1 Space

3,310 SF
For Lease Contact for pricing
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4660 North Ravenswood Avenue

4660 North Ravenswood Avenue, Ravenswood, Chicago, IL
Property

Office

47,432 SF
Availability

1 Space

3,070 SF
Year Built

1927
For Lease

$15.00/SF/YR
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Restaurant

1723 South Ashland Avenue, Pilsen, Chicago, IL
Property

Retail

850 SF
Availability

1 Space

1,000 SF
Year Built

1930
For Lease

$36.00/SF/YR
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717 W 18th Street

717 W 18th Street, East Pilsen, Chicago, IL
Property

Multi-Family

6,667 SF
For Sale

$675,000
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160 East Grand

160 E Grand, Streeterville, Chicago, IL
Property

Office

32,516 SF
Availability

2 Spaces

5,066 SF
Year Built

1890
For Lease

$35.00 - $48.00/SF/YR
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2nd Generation Restaurant For Lease

306 S Halsted St, Greektown, Chicago, IL
Property

Retail

20,400 SF
Availability

1 Space

4,200 SF
Year Built

1926
For Lease

$26.00/SF/YR
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IL, Chicago - Ravenswood Ave
Regus
4311 North Ravenswood Avenue #100, 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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125 S Wacker Dr

125 S Wacker Dr, Chicago Loop, Chicago, IL
Property

Office

574,400 SF
Availability

1 Space

6,192 SF
Year Built

1974
For Lease Contact for pricing
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1800 W Chicago Ave.

1800 W. Chicago Ave., East Village, Chicago, IL
Property

Retail

7,139 SF
Availability

1 Space

1,239 SF
For Lease

$45.00/SF/YR
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20 North Clark Street

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

Office

393,107 SF
Availability

1 Space

11,553 SF
Year Built

1981
For Lease Contact for pricing
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3216 North Broadway

3216 North Broadway, Lakeview, Chicago, IL
Property

Retail
Availability

1 Space

7,500 SF
For Lease 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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680 N Lake Shore Dr

680 N Lake Shore Dr, Streeterville, Chicago, IL
Property

Office

426,713 SF
Availability

1 Space

3,400 SF
For Lease

$47.00/SF/YR
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322-340 South Green Street

322-340 South Green Street, Near West Side, Chicago, IL
Property

Office

90,481 SF
Availability

7 Spaces

56,803 SF
Year Built

1921
For Lease Contact for pricing
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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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2136 Division

2136 Division, Wicker Park, Chicago, IL
Property

Retail

1,200 SF
Availability

1 Space

1,200 SF
For Lease

$25.00/SF/YR
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1612 W Fulton Street

1612 W Fulton Street, Near West Side, Chicago, IL
Property

Industrial

14,500 SF
Availability

1 Space

14,500 SF
For Lease

$17.00/SF/YR
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1631-1639 W Carroll Ave - Kinzie Corridor Flex Space

1631-1639 W. Carroll Ave, Near West Side, Chicago, IL
Property

Industrial

22,816 SF
Availability

2 Spaces

22,816 SF
Year Built

1926
For Lease Contact for pricing
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1328 W Lake St

1328 W Lake St, Fulton Market, Chicago, IL
Property

Retail

3,500 SF
Availability

1 Space

3,500 SF
For Lease

$40.00/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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