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.

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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400-408 North Clark Street & 100 West Kinzie Street

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

Office

30,000 SF
Availability

2 Spaces

5,567 SF
Year Built

1873
For Lease Contact for pricing
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4953 W 63rd St

4953 W 63rd St, Clearing East, Chicago, IL
Property

Office

1,000 SF
Availability Contact for availability
Year Built

1968
For Lease Contact for pricing
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Bucktown Restaurant/Retail/Office Space For Lease

1654 W Cortland St, Bucktown, Chicago, IL
Property

Retail

3,192 SF
Availability

1 Space

3,192 SF
For Lease

$25.00/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Spaces West Ohio Street
Spaces
320 West Ohio Street #3W, 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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Clybourn Place

1836 N. Clybourn Ave, Ranch Triangle, Chicago, IL
Property

Retail

17,953 SF
Availability

1 Space

9,462 SF
For Lease Contact for pricing
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1965 W Pershing Rd, Chicago, IL

1965 W Pershing Rd, Back of the Yards, Chicago, IL
Property

Industrial

326,566 SF
Availability

1 Space

326,566 SF
For Lease

$6.50/SF/YR
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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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508 N. Hermitage Ave

508 N. Hermitage Ave, West Town, Chicago, IL
Property

Industrial

2,320 SF
Availability

1 Space

2,320 SF
For Lease

$7,000.00/MO
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Pointe 1900 On State - Retail | Medical

1912 South State Street, South Loop, Chicago, IL
Property

Retail

36,476 SF
Availability

1 Space

1,438 SF
Year Built

2006
For Lease Contact for pricing
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34,000 SF Available for Lease or Sale in Chicago

1318 W Cermak Rd, Pilsen, Chicago, IL
Property

Industrial

34,000 SF
Availability

1 Space

34,000 SF
For Lease Contact for pricing
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640 North LaSalle Street

640 North LaSalle Street, River North, Chicago, IL
Property

Office

340,100 SF
Availability

5 Spaces

59,699 SF
Year Built

1969
For Lease Contact for pricing
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1.6 Acres Available for Sale on Chicago's North Side

2331 W Nelson St, Roscoe Village, Chicago, IL
Property

Other
For Sale

$5,755,000
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2949 N Broadway St

2949 N Broadway St, Lakeview, Chicago, IL
Property

Retail

18,825 SF
Availability

1 Space

1,000 SF
Year Built

1911
For Lease

$42.00/SF/YR
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190 South LaSalle Street

190 South LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

798,782 SF
Availability

2 Spaces

11,277 SF
Year Built

1986
For Lease Contact for pricing
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2815 N. Kimball Ave

2815 N Kimball Ave, Avondale, Chicago, IL
Property

Office

4,000 SF
Availability

1 Space

4,000 SF
Year Built

1969
For Lease Contact for pricing
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1140 North Kostner Avenue

1140 North Kostner Avenue, West Humboldt Park, Chicago, IL
Property

Industrial

36,500 SF
For Sale

$1,450,000
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440 S Lasalle, 425 South Financial Place

440 South LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

1,019,325 SF
Availability

1 Space

1,340 SF
Year Built

1985
For Lease Contact for pricing
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77 W Washington St

77 W Washington St, Chicago Loop, Chicago, IL
Property

Office

861,200 SF
Availability

30 Spaces

49,488 SF
Year Built

1921
For Lease

$25.00 - $28.00/SF/YR
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17 North State Street

17 North State Street, Chicago Loop, Chicago, IL
Property

Office

400,000 SF
Availability

27 Spaces

104,495 SF
Year Built

1912
For Lease

$23.00 - $50.00/SF/YR
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1344 W Ohio St

1344 W Ohio St, West Town, Chicago, IL
Property

Multi-Family

7,383 SF
Year Built

1920
For Sale

$2,100,000
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3200-3206 N Lincoln Ave

3200-3206 N Lincoln Ave, Lakeview, Chicago, IL
Property

Retail

7,481 SF
Availability

1 Space

400 SF
Year Built

1986
For Lease

$24.00/SF/YR
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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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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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167 North Green Street
WeWork
167 North Green Street, Chicago, IL
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Ethernet

High-speed wifi

IT support

Lounge area

Office supplies

Paper shredding services

Pet friendly

Printer

Privacy booths

Professional & social events
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1801 W. Warner

1801 West Warner Avenue, North Center, Chicago, IL
Property

Office

53,783 SF
Availability

4 Spaces

21,667 SF
For Lease

$23.00 - $29.00/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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1006 S Michigan

1006 S Michigan, Downtown Chicago, Chicago, IL
Property

Office

75,240 SF
Availability

7 Spaces

33,242 SF
Year Built

1904
For Lease

$22.00 - $300.00/SF/YR
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511 W Division

511 W Division, Cabrini - Green, Chicago, IL
Property

Retail

1,250 SF
Availability

1 Space

1,250 SF
Year Built

2008
For Lease

$24.00/SF/YR
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57 West Grand

57 West Grand Avenue, Near North Side Chicago, Chicago, IL
Property

Office

80,000 SF
Availability

6 Spaces

39,866 SF
Year Built

1912
For Lease Contact for pricing
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Ryerson Chicago Corporate Center - West Plant

2621 West 15th Place, Douglas Park, Chicago, IL
Property

Industrial

302,588 SF
Availability

1 Space

302,000 SF
Year Built

1969
For Lease Contact for pricing
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The Ace on Ashland

1023 N Ashland Ave, Noble Square, Chicago, IL
Property

Retail

26,000 SF
Availability

1 Space

2,200 SF
Year Built

2018
For Lease

$25.00/SF/YR
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Avondale European Sports Bar and Café

3930 W School Street, Waclawowo, Chicago, IL
Property

Retail

1,447 SF
For Sale

$185,000
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Retail property in Chicago, IL

5849-5853 W Irving Park Road, Portage Park, Chicago, IL
Property

Retail

2,700 SF
Availability

3 Spaces

2,700 SF
For Lease

$14.00/SF/YR
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6040 Hohman Ave

6040 South State Line Road, East Side Chicago, Chicago, IL
Property

Office

6,600 SF
Year Built

1969
For Sale

$500,000
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Gateway Commons Commercial Condo

2301 West Belmont Avenue, Roscoe Village, Chicago, IL
Property

Office

3,100 SF
Year Built

2001
For Sale

$500,000
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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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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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855 West Belmont Avenue

855 West Belmont Avenue, Lakeview, Chicago, IL
Property

Office

25,000 SF
Availability

1 Space

3,800 SF
Year Built

2003
For Lease

$30.00/SF/YR
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180 North Michigan Avenue

180 North Michigan Avenue, Chicago Loop, Chicago, IL
Property

Office

235,400 SF
Availability

68 Spaces

124,895 SF
Year Built

1927
For Lease

$27.00 - $31.00/SF/YR
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328 South Jefferson

328 South Jefferson, West Loop, Chicago, IL
Property

Office

300,000 SF
Availability

1 Space

4,245 SF
Year Built

1922
For Lease

$27.00/SF/YR
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191 North Wacker Drive

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

Office

734,021 SF
Availability

23 Spaces

332,031 SF
Year Built

2002
For Lease

$28.00/SF/YR
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The Franklin

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

Office

1,583,900 SF
Availability

1 Space

25,253 SF
Year Built

1989
For Lease Contact for pricing
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230 West Monroe

230 W Monroe St, Chicago Loop, Chicago, IL
Property

Office

700,000 SF
Availability

3 Spaces

6,113 SF
For Lease Contact for pricing
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Emerald Re-Development

7250 S Emerald Ave, Englewood, Chicago, IL
Property

Multi-Family

21,600 SF
Year Built

1921
For Sale

$2,600,000
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River Point

444 West Lake Street, Fulton River District, Chicago, IL
Property

Office

1,078,594 SF
Availability

2 Spaces

27,187 SF
Year Built

2016
For Lease Contact for pricing
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1026 W Van Buren St

1026 W Van Buren St, Near West Side, Chicago, IL
Property

Office

25,371 SF
Year Built

1907
For Sale

Subject To Offer
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333 North Green Street

333 North Green Street, Fulton Market, Chicago, IL
Property

Office

569,912 SF
Availability

1 Space

40,733 SF
Year Built

2020
For Lease Contact for pricing
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Chicago Building

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

Retail

8,860 SF
Availability

1 Space

5,300 SF
For Lease Contact for pricing
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800 West Fulton Market

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

Office

480,490 SF
Availability

1 Space

19,899 SF
Year Built

2021
For Lease Contact for pricing
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2537 W North Avenue - 2,000 SF Street Retail / Office

2537 W North Ave, Humboldt Park, Chicago, IL
Property

Retail

3,125 SF
Availability

1 Space

2,000 SF
Year Built

1895
For Lease

$3,500.00/MO
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The National

125 South Clark Street, Chicago Loop, Chicago, IL
Property

Office

577,000 SF
Availability

1 Space

16,564 SF
Year Built

1917
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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