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.

10 North Dearborn Street

10 North Dearborn Street, Chicago Loop, Chicago, IL
Property

Office

80,288 SF
Availability

1 Space

16,000 SF
Year Built

1987
For Lease Contact for pricing
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1608 W Belmont

1608 W Belmont, Lakeview, Chicago, IL
Property

Flex Space

7,481 SF
Availability

1 Space

400 SF
For Lease

$24.00/SF/YR
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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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737-49 North Wells Street

737-49 North Wells Street, River North, Chicago, IL
Property

Retail
Availability

2 Spaces

3,914 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
4233-4239 N. Kedzie

4233-39 N. Kedzie Ave., Irving Park, Chicago, IL
Property

Retail

2,020 SF
Year Built

2007
For Sale

$399,000
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55 West Monroe Street

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

Office

803,141 SF
Availability

1 Space

36,102 SF
Year Built

1981
For Lease Contact for pricing
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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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300 North LaSalle Drive

300 North LaSalle Drive, River North, Chicago, IL
Property

Office

1,267,331 SF
Availability

20 Spaces

491,830 SF
Year Built

2008
For Lease Contact for pricing
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Archer Medical Arts Building

4900 S Archer Ave, Archer Heights, Chicago, IL
Property

Office

10,701 SF
Availability

1 Space

1,950 SF
For Lease

$22.00/SF/YR
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3219 N. Clark St

3219 North Clark Street, Lakeview, Chicago, IL
Property

Retail

6,992 SF
Year Built

1925
For Sale

$2,250,000
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670 W Diversey Pkwy (Three-Tenant Retail Property)

670 W Diversey Pkwy, Lakeview, Chicago, IL
Property

Retail

10,660 SF
Year Built

1989
For Sale

Subject To Offer
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601 S LaSalle Street

601 South La Salle Street, South Loop, Chicago, IL
Property

Office

69,170 SF
Year Built

1912
For Sale

Subject To Offer
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1521 Fremont

1521 Fremont, Goose Island, Chicago, IL
Property

Retail

73,000 SF
Availability

1 Space

1,810 SF
Year Built

2017
For Lease Contact for pricing
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5097 N Elston Ave

5097 N Elston Ave, Jefferson Park, Chicago, IL
Property

Office

17,000 SF
Availability

5 Spaces

6,872 SF
Year Built

1973
For Lease

$14.00 - $16.00/SF/YR
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7600 S Kedzie Avenue

7600 S Kedzie Avenue, Ashburn, Chicago, IL
Property

VacantLand
For Sale

$3,500,000
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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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6513 N Clark St , Chicago, IL 60626

6513 N Clark St., Rogers Park, Chicago, IL
Property

Retail

3,547 SF
For Sale

$474,900
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2247 North Milwaukee Avenue

2247 North Milwaukee Avenue, Logan Square, Chicago, IL
Property

Retail

16,000 SF
Availability

1 Space

1,800 SF
Year Built

1961
For Lease Contact for pricing
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Saint Felicitas

8400 South Blackstone Avenue, Marynook, Chicago, IL
Property

Other

90,638 SF
For Sale

$1,975,000
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The Terminal

1334 North Kostner Avenue, West Humboldt Park, Chicago, IL
Property

Unassigned

236,805 SF
Availability

1 Space

151,200 SF
Year Built

2022
For Lease Contact for pricing
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One South Wacker Drive

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

Office

1,195,170 SF
Availability

1 Space

6,814 SF
Year Built

1982
For Lease Contact for pricing
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3126 W 26th Street

3126 W 26th Street, Little Village, Chicago, IL
Property

Retail

950 SF
Availability

1 Space

950 SF
For Lease

$4,000.00/MO
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10-18 West Hubbard Street

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

Office

50,375 SF
Availability

1 Space

4,106 SF
Year Built

1966
For Lease

$23.75/SF/YR
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Monadnock

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

Office

452,000 SF
Availability

21 Spaces

19,371 SF
Year Built

1891
For Lease

$763.00 - $4,793.00/MO
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1980 N. Milwaukee Avenue

1980 N. Milwaukee Avenue , Logan Square, Chicago, IL
Property

Retail
Availability

1 Space

4,102 SF
Year Built

2018
For Lease Contact for pricing
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17 E 23rd St

17 E 23rd St, South Loop, Chicago, IL
Property

Industrial

29,500 SF
Year Built

1908
For Sale

$2,350,000
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7532 - 7550 West Addison Street

7532 - 7550 West Addison Street, Belmont Heights, Chicago, IL
Property

Retail

10,980 SF
Year Built

1930
For Sale

$885,000
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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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8031 S. Drexel Ave

8031 South Drexel Avenue, East Chatham, Chicago, IL
Property

Multi-Family

8,400 SF
Year Built

1926
For Sale

$892,000
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Lincoln Village

6165 North Lincoln Avenue, Pulaski Park, Chicago, IL
Property

Retail
Availability

7 Spaces

27,818 SF
For Lease Contact for pricing
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1754 W 21st Place

1754 W 21st Place, Heart of Chicago, Chicago, IL
Property

Multi-Family

4,800 SF
For Sale

$850,000
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5800 S Hoyne Ave

5800 S Hoyne Ave, West Englewood, Chicago, IL
Property

Other

10,600 SF
Year Built

1952
For Sale

$525,000
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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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N Bosworth Portfolio - Call For Offers 10/30/24 3pm EST

1636 & 1646-1656 North Bosworth Avenue, Bucktown, Chicago, IL
Property

Multi-Family

33,900 SF
For Sale

$8,495,000
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3353 N. Central Ave, Chicago, IL, 60634

3353 N Central Ave., Cragin, Chicago, IL
Property

Retail

3,500 SF
For Sale

$1,075,000
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208 S Jefferson

208 S Jefferson, West Loop, Chicago, IL
Property

Office

47,912 SF
Availability

6 Spaces

39,731 SF
For Lease

$15.00 - $24.00/SF/YR
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Former Lincoln Park 7-11 For Sale | Commercial Condo

2020 N Lincoln Park West, Lincoln Park, Chicago, IL
Property

Retail

4,788 SF
Year Built

1972
For Sale

Subject To Offer
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4428 N Elston Ave

4428 N Elston Ave, Mayfair, Chicago, IL
Property

Industrial

6,200 SF
Availability

1 Space

6,200 SF
Year Built

1915
For Lease Contact for pricing
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1440 N Milwaukee Avenue

1440 N Milwaukee Avenue, Wicker Park, Chciago, IL
Property

Retail
Availability

1 Space

2,834 SF
For Lease Contact for pricing
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3526 N Halsted St, Chicago, IL

3526 N Halsted St, Lakeview, Chicago, IL
Property

Retail

900 SF
For Sale

$375,000/SF
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4732-54 W Peterson Ave

4732 W Peterson Ave, Sauganash, Chicago, IL
Property

Retail

25,000 SF
Availability

2 Spaces

2,866 SF
For Lease

$18.00 - $24.00/SF/YR
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4601 S Tripp Ave

4601 S Tripp Ave, Archer Heights, Chicago, IL
Property

Industrial

14,469 SF
Availability

2 Spaces

3,077 SF
For Lease Contact for pricing
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1645 N Clybourn Ave

1645 North Clybourn Avenue, Ranch Triangle, Chicago, IL
Property

Multi-Family

5,403 SF
Year Built

1998
For Sale

$1,588,000
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448 North LaSalle Street

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

Office

174,599 SF
Availability

9 Spaces

135,567 SF
Year Built

2021
For Lease Contact for pricing
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1502-1510 E 74th St

1502-1510 E 74th St, Greater Grand Crossing, Chicago, IL
Property

Multi-Family

10,700 SF
For Sale

$950,000
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1520 N Sedgwick St

1520 N Sedgwick St, Old Town Chicago, Chicago, IL
Property

Retail

900 SF
Year Built

2004
For Sale

$199,000
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122 South Michigan Avenue
OpusVO
122 South Michigan Avenue #1390, Chicago, IL
Services

Virtual Office

Meeting Room
Amenities

Business address

Complimentary coffee & tea

Free water

High-speed wifi

Mail services

Parking

Printer

Projector

Receptionist/Secretarial services

TV/Monitor
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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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66 E 103rd St

66 East 103rd Street, Roseland, Chicago, IL
Property

Retail

8,406 SF
Availability

1 Space

8,406 SF
For Lease

$12.00/SF/YR
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1130 S Richmond St

1130 South Richmond Street, North Lawndale, Chicago, IL
Property

Multi-Family

5,500 SF
For Sale

$408,000
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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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850 S Wabash

850 S Wabash, South Loop, Chicago, IL
Property

Office

43,099 SF
Availability

2 Spaces

17,071 SF
Year Built

1986
For Lease

$25.00 - $26.00/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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