Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,628 listings of Chicago commercial real estate to find the best space for your business.

1747 W Carroll Ave

1747 W Carroll Ave, Near West Side, Chicago, IL
Property

Industrial

7,140 SF
Availability

1 Space

7,140 SF
Year Built

1916
For Lease

$15.00/SF/YR
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Commerce Park Chicago Building E- BTS & Rail Available

3044 E. 122nd st. , South Deering, Chicago, IL
Property

Industrial

580,587 SF
Availability

1 Space

580,587 SF
Year Built

2023
For Lease Contact for pricing
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6577 N Avondale

6577 N Avondale Avenue, Edison Park, Chicago, IL
Property

Office

3,575 SF
Availability

1 Space

3,575 SF
For Lease

$5,000.00/MO
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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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Office Coworking Retail Industrial

Office Retail Industrial Land
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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520 West Erie Street

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

Office

38,472 SF
Availability

3 Spaces

6,694 SF
Year Built

1925
For Lease

$15.00/SF/YR
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120 South LaSalle Street

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

Office

658,784 SF
Availability

1 Space

9,379 SF
Year Built

1928
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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2224 W Touhy Ave

2224 W Touhy Ave, West Rogers Park, Chicago, IL
Property

Office

1,529 SF
Availability

1 Space

1,529 SF
Year Built

2006
For Lease

$16.00/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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Elston Plaza

SWC Elston-Addison-Kedzie, Avondale, Chicago, IL
Property

Retail

92,961 SF
Availability

3 Spaces

5,388 SF
For Lease Contact for pricing
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3219 N. Clark St

3219 North Clark Street, Lakeview, Chicago, IL
Property

Office

6,992 SF
Availability

1 Space

6,992 SF
For Lease

$31.00/SF/YR
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Hollander Logan Square

2418 N Milwaukee Ave # 30, Logan Square, Chicago, IL
Property

Retail

29,000 SF
Availability

1 Space

8,785 SF
Year Built

1909
For Lease Contact for pricing
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1021 West Adams Street

1021 West Adams Street, Near West Side, Chicago, IL
Property

Office

52,056 SF
Availability

4 Spaces

20,153 SF
Year Built

1910
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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THE HAIRPIN ARTS CENTER

2800 N. Milwaukee Avenue, Jackowo, Chicago, IL
Property

Retail

37,800 SF
Availability

2 Spaces

8,053 SF
Year Built

1933
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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5,000 SF Available for Lease in Bedford Park

6528 S Lavergne Ave, Bedford Park, IL
Property

Industrial

53,000 SF
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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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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1327 West Washington

1327 W Washington, Fulton Market, Chicago, IL
Property

Office

90,000 SF
Availability

1 Space

298 SF
Year Built

1930
For Lease

$900.00/SF/YR
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1127-1131 North State Street

1127-1131 North State Street, Gold Coast, Chicago, IL
Property

Retail
Availability

2 Spaces

4,845 SF
For Lease Contact for pricing
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350 North Orleans

350 North Orleans Street, River North, Chicago, IL
Property

Office

1,308,156 SF
Availability

7 Spaces

237,500 SF
Year Built

1977
For Lease

$28.00 - $31.00/SF/YR
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22 N Morgan St

22 North Morgan Street, Fulton Market, Chicago, IL
Property

Office

1,738 SF
Year Built

1944
For Sale

$499,000
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Knight Building

549 West Randolph Street, West Loop, Chicago, IL
Property

Office

108,000 SF
Availability

1 Space

7,163 SF
Year Built

1909
For Lease Contact for pricing
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Avondale Office Center

6321-6325 N Avondale Ave, Edison Park, Chicago, IL
Property

Office

155,000 SF
Availability

8 Spaces

11,862 SF
For Lease

$18.00 - $23.00/SF/YR
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3633 S State Street

3633 S State Street, Bronzeville, Chicago, IL
Property

Retail

5,780 SF
Availability

1 Space

2,885 SF
Year Built

2013
For Lease

$28.00/SF/YR
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Fullerton Plaza

Fullerton Avenue & Wood Street, Sheffield, Chicago, IL
Property

Retail

125,729 SF
Availability

1 Space

4,400 SF
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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Elston Avenue, Addison Street, & Kedzie Avenue

Elston Avenue, Addison Street, & Kedzie Avenue, Avondale, Chicago, IL
Property

Retail

150,000 SF
Availability

2 Spaces

10,475 SF
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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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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One North Dearborn

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

Office

884,004 SF
Availability

5 Spaces

195,828 SF
Year Built

1905
For Lease

$24.00/SF/YR
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2013 W Division Street

2013 W Division Street, Ukrainian Village, Chicago, IL
Property

Retail
Availability

1 Space

2,345 SF
For Lease Contact for pricing
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41,237 SF Warehouse Space for Sale or Lease at 2155 S. Carpenter Street, Chicago

2155 S Carpenter Street, Pilsen, Chicago, IL
Property

Industrial

41,237 SF
For Sale

Subject to Offer
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Chicago Luxury Furniture Centre

371 West Ontario Street, River North, Chicago, IL
Property

Retail

45,000 SF
Availability

6 Spaces

21,005 SF
Year Built

1908
For Lease

$35.00/SF/YR
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3250 W Lake St

3250 W Lake St, East Garfield Park, Chicago, IL
Property

Industrial

50,000 SF
Year Built

1901
For Sale

$2,650,000
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1925 North Clybourn Avenue

1925 North Clybourn Avenue, Ranch Triangle, Chicago, IL
Property

Retail

38,640 SF
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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3500 N Kostner Ave

3500 N Kostner Ave, Kilbourn Park, Chicago, IL
Property

Industrial

30,450 SF
Year Built

1951
For Sale

$2,300,000
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441-449 North Clark Street

441 North Clark Street, Near North Side Chicago, Chicago, IL
Property

Office

52,580 SF
Availability

1 Space

2,438 SF
Year Built

1871
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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7,941 SF Available for Lease or Sale in Chicago

1030 W 21st St, Pilsen, Chicago, IL
Property

Industrial

7,941 SF
For Sale Contact for pricing
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515 North Halsted Street For Lease

515 N Halsted St, Fulton River District, Chicago, IL
Property

Retail

7,000 SF
Availability

1 Space

2,200 SF
Year Built

1895
For Lease

$30.00/SF/YR
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Prime Street-Level Retail in Pilsen's Bustling Retail Corridor

1329 W 18th St, Pilsen, Chicago, IL
Property

Retail

5,245 SF
Availability

1 Space

1,920 SF
Year Built

1886
For Lease

$2,800.00/MO
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Michigan Plaza

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

Office

950,657 SF
Availability

1 Space

18,901 SF
Year Built

1986
For Lease Contact for pricing
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New Construction Corner Retail Space Available on Taylor Street

1221 West Taylor Street, Little Italy, Chicago, IL
Property

Retail

100,000 SF
Availability

1 Space

5,000 SF
Year Built

2024
For Lease

$38.00/SF/YR
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6374 North Lincoln Avenue

6374 North Lincoln Avenue, Pulaski Park, Chicago, IL
Property

Mixed Use

25,000 SF
Availability

5 Spaces

11,531 SF
Year Built

1980
For Lease

$22.00/SF/YR
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1212 N LaSalle St

1212 N LaSalle St, Old Town Chicago, Chicago, IL
Property

Flex Space

12,000 SF
Availability

1 Space

12,000 SF
For Lease

$158.00/SF/YR
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Michigan Plaza - 225 North Michigan

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

Office

1,054,053 SF
Availability

15 Spaces

280,450 SF
Year Built

1985
For Lease Contact for pricing
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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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River Point

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

Office

1,081,702 SF
Availability

1 Space

4,549 SF
Year Built

2017
For Lease Contact for pricing
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75th & Exchange

7500 S Exchange Ave, South Shore, Chicago, IL
Property

Retail

31,000 SF
For Sale

$2,500,000
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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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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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