Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,629 listings of Chicago commercial real estate to find the best space for your business.

UBS Tower

1 North Upper Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

1,392,011 SF
Availability

11 Spaces

147,659 SF
Year Built

2001
For Lease Contact for pricing
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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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O'Hare Plaza - 8725 West Higgins

8725 West Higgins Road, O'Hare, Chicago, IL
Property

Office

278,675 SF
Availability

10 Spaces

106,222 SF
Year Built

1975
For Lease

$19.00 - $22.00/SF/YR
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10 South LaSalle Street

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

Other

244,959 SF
Availability

2 Spaces

2,510 SF
For Lease Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
70 East Pershing Road

70 East Pershing Road, Bronzeville, Chicago, IL
Property

Retail

2,680 SF
Availability

1 Space

2,680 SF
For Lease

$27.00/MO
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5717 N Elston Ave, Chicago, IL

5717 N Elston Ave, Jefferson Park, Chicago, IL
Property

Retail

1,200 SF
Availability

1 Space

1,200 SF
For Lease Contact for pricing
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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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Union Tower

550 West Van Buren Street, West Loop, Chicago, IL
Property

Office

362,262 SF
Availability

2 Spaces

41,334 SF
Year Built

1999
For Lease Contact for pricing
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Horizon Business Park

4000-4128 N. Nashville Avenue, Dunning, Chicago, IL
Property

Industrial

140,774 SF
Availability

5 Spaces

16,492 SF
For Lease Contact for pricing
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5750 West 51st Street

5750 West 51st Street, Garfield Ridge, Stickney, IL
Property

Industrial

214,892 SF
Availability

2 Spaces

95,165 SF
Year Built

1930
For Lease Contact for pricing
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The Mabel Exchange

5911-23 N. Clark St., Magnolia Glen, Chicago, IL
Property

Retail

49,147 SF
Availability

1 Space

3,066 SF
Year Built

1915
For Lease

$21.00/SF/YR
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4747 West Peterson Avenue

4747 West Peterson Avenue, Sauganash, Chicago, IL
Property

Office

50,000 SF
Availability

8 Spaces

11,041 SF
Year Built

1971
For Lease

$8.00 - $49.00/SF/YR
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198 E Delaware Place

198 E Delaware Place, Streeterville, Chicago, IL
Property

Retail
Availability

1 Space

3,500 SF
For Lease Contact for pricing
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3851 W 26th St , Chicago, Illinois 60623

3851 W 26th St., Little Village, Chicago, IL
Property

Retail

2,816 SF
Year Built

1906
For Sale

$374,900
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Cumberland Metro Office Park

5310 North Cumberland Avenue, O'Hare, Chicago, IL
Property

Office

164,448 SF
Availability

2 Spaces

26,195 SF
Year Built

1981
For Lease Contact for pricing
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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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Building 8 - Calumet Business Center

1400-1570 East 98th Street - Building 8, Cottage Grove Heights, Chicago, IL
Property

Industrial

211,928 SF
Availability

1 Space

211,928 SF
Year Built

1964
For Lease

$5.75/SF/YR
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611 N Cicero Ave

611 N Cicero Ave, Austin, Chicago, IL
Property

Multi-Family

3,282 SF
Year Built

1898
For Sale

$250,000
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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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2 N Michigan Avenue (Raising Cane's)

2 North Michigan Avenue, Downtown Chicago, Chicago, IL
Property

Retail

5,076 SF
For Sale

$10,780,000
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Verso - 306 West Erie Street

306 West Erie Street, River North, Chicago, IL
Property

Office

90,872 SF
Availability

2 Spaces

30,590 SF
Year Built

1937
For Lease Contact for pricing
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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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600 S Clark Street - Parking Garage

600 S Clark St, South Loop, Chicago, IL
Property

Other

59,884 SF
Year Built

1961
For Sale

Subject To Offer
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325 West Huron Street

325 West Huron Street, River North, Chicago, IL
Property

Office

121,014 SF
Availability

7 Spaces

16,926 SF
Year Built

1932
For Lease

$34.50 - $35.50/SF/YR
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30 North Michigan Avenue

30 North Michigan Avenue, Downtown Chicago, Chicago, IL
Property

Office

229,257 SF
Availability

69 Spaces

51,061 SF
Year Built

1913
For Lease Contact for pricing
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1500 S Lawndale Ave

1500 S Lawndale Ave, North Lawndale, Chicago, IL
Property

Multi-Family
Year Built

1920
For Sale

$599,900
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4201 W. 36th Street

4201 W. 36th Street, Little Village, Chicago, IL
Property

Office

40,000 SF
Availability

1 Space

40,000 SF
For Lease Contact for pricing
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9625 S Colfax Ave, Chicago, IL

9625 S Colfax Ave, South Deering, Chicago, IL
Property

Office

5,000 SF
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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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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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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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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Multi-Family Portfolio For Sale

11215-11436 Champlain Ave., Pullman, Chicago, IL
Property

Multi-Family

15,470 SF
Year Built

1888
For Sale

$1,786,000
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Concourse Chicago

8623 W Bryn Mawr Avenue, O'Hare, Chicago, IL
Property

Office

13,704 SF
Availability

4 Spaces

11,928 SF
Year Built

1987
For Lease

$27.50/SF/YR
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1800 South Union Avenue

1800 South Union Avenue, East Pilsen, Chicago, IL
Property

Other

40,623 SF
For Sale

$1,980,000
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200 South Wacker Drive

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

Office

754,891 SF
Availability

1 Space

22,673 SF
Year Built

1981
For Lease

$19.50/SF/YR
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Chicago Mercantile Exchange Center

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

Office

1,162,356 SF
Availability

1 Space

9,228 SF
Year Built

1983
For Lease Contact for pricing
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4001 West Devon Avenue

4001 West Devon Avenue, Sauganash, Chicago, IL
Property

Office

49,500 SF
Availability

8 Spaces

5,978 SF
Year Built

1968
For Lease

$16.25/SF/YR
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3751 W 79th St

3751 West 79th Street, Ashburn, Chicago, IL
Property

Retail

1,600 SF
Availability

1 Space

1,600 SF
For Lease

$37.50/SF/YR
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The Yards Plaza Outlot

2044 W 47th St, Back of the Yards, Chicago, IL
Property

Retail
Availability

1 Space

14,810 SF
Year Built

2010
For Lease Contact for pricing
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5301 N. Harlem Ave.

5301 N. Harlem Ave., Union Ridge, Chicago, IL
Property

Retail

3,234 SF
Year Built

1963
For Sale

$1,095,000
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1233 N Wells

1233 North Wells Street, Old Town Chicago, Chicago, IL
Property

Retail
Availability

1 Space

44,444 SF
For Lease Contact for pricing
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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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4730 North Kimball Avenue

4730 North Kimball Avenue, Albany Park, Chicago, IL
Property

Mixed Use

65,510 SF
Availability

2 Spaces

5,517 SF
Year Built

2008
For Lease

$18.00 - $24.00/SF/YR
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Multi-Tenant Retail Building with Parking Lot at 95th/Western in Chicago

2301-2323 W 95th Street, Beverly, Chicago, IL
Property

Retail

20,392 SF
Year Built

1955
For Sale

Subject To Offer
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1701 W. Belmont

1701 W. Belmont, Lakeview, Chicago, IL
Property

Retail

2,600 SF
Availability

2 Spaces

2,600 SF
Year Built

2006
For Lease Contact for pricing
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123 W Madison

123 W Madison, Chicago Loop, Chicago, IL
Property

Office

70,000 SF
Availability

21 Spaces

54,466 SF
Year Built

1913
For Lease

$20.00 - $40.00/SF/YR
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1525 West Homer Street

1525 West Homer Street, Bucktown, Chicago, IL
Property

Office

25,000 SF
Availability

3 Spaces

11,032 SF
Year Built

1907
For Lease

$18.00/SF/YR
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82,855 SF for Lease at 6155 S. Harlem Avenue, Chicago, IL 60638

6155 South Harlem Avenue, Clearing, Chicago, IL
Property

Industrial

82,855 SF
Availability

1 Space

82,855 SF
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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448 North La Salle Drive
WeWork
448 North La Salle Drive, Chicago, IL
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

Free water

Kitchen

Lounge area

Mother’s room

Office supplies

Paper shredding services

Pet friendly

Printer

Videoconferencing
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6160 North Cicero Avenue

6160 North Cicero Avenue, Edgebrook, Chicago, IL
Property

Office

115,200 SF
Availability

27 Spaces

28,824 SF
Year Built

1971
For Lease

$22.00 - $25.25/SF/YR
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Lincoln Park Centre

NEC Halsted Street and Clybourn Avenue, Goose Island, Chicago, IL
Property

Office
Availability

3 Spaces

27,096 SF
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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