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.

7270 S South Shore Dr

7270 South South Shore Drive, South Shore, Chicago, IL
Property

Multi-Family

40,000 SF
Year Built

1920
For Sale

$7,300,000
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2641 West Division Street

2641 West Division Street, Humboldt Park, Chicago, IL
Property

Office

1,700 SF
Availability Contact for availability

For Lease Contact for pricing
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120 S Riverside Plaza - 11th Floor Available for Sublease

120 S Riverside Plaza, West Loop, Chicago, IL
Property

Office
Availability

1 Space

37,055 SF
For Lease Contact for pricing
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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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Office Coworking Retail Industrial

Office Retail Industrial Land
Michigan Plaza - 205 North Michigan

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

Office

976,555 SF
Availability

36 Spaces

275,135 SF
Year Built

1982
For Lease Contact for pricing
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Clark & Diversey

Clark & Diversey, Park West, Chicago, IL
Property

Retail

1 SF
Availability

4 Spaces

22,769 SF
For Lease Contact for pricing
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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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One South Wacker

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

Office

1,195,170 SF
Availability

2 Spaces

33,339 SF
Year Built

1984
For Lease Contact for pricing
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West Loop Corner Restaurant

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

Retail

3,010 SF
Availability

1 Space

3,010 SF
Year Built

1920
For Lease

$70.00/SF/YR
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Jefferson Park - Chicago - 15 Units

4832 West Montrose Avenue, Jefferson Park, Chicago, IL
Property

Multi-Family

9,243 SF
Year Built

1917
For Sale

$2,150,000
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430 North Damen Avenue

430 North Damen Avenue, West Town, Chicago, IL
Property

Industrial

10,500 SF
Availability

1 Space

10,500 SF
For Lease

$16.50/SF/YR
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420 North Wabash Avenue

420 North Wabash Avenue, Near North Side Chicago, Chicago, IL
Property

Office

104,000 SF
Availability

7 Spaces

41,704 SF
Year Built

1984
For Lease Contact for pricing
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125 South Wacker
Regus
125 South Wacker Dr Suite 300, 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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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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222 North LaSalle Street

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

Office

960,964 SF
Availability

14 Spaces

256,530 SF
Year Built

1927
For Lease

$25.00 - $51.00/SF/YR
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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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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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Newly Constructed 1,450 SF Retail Space Available

1723 W North Avenue, Wicker Park, Chicago, IL
Property

Retail

5,900 SF
Availability

1 Space

1,450 SF
Year Built

2024
For Lease

$35.00/SF/YR
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High Traffic Corner Site For Lease in Chicago's Beverly Neighborhood

10259 S Western Ave, Beverly, Chicago, IL
Property

VacantLand

7,320 SF
Availability

2 Spaces

38,960 SF
Year Built

1985
For Lease Contact for pricing
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900 W Randolph Street

900 W Randolph Street, Fulton Market, Chicago, IL
Property

Retail
Availability

1 Space

2,658 SF
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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300 South Wacker Drive

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

Office

512,354 SF
Availability

23 Spaces

191,147 SF
Year Built

1971
For Lease Contact for pricing
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Small Versatile Commercial Space

1812 W Chicago Ave, East Village, Chicago, IL
Property

Retail

1,232 SF
Availability

1 Space

1,232 SF
Year Built

2011
For Lease Contact for pricing
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55 East Jackson Blvd

55 East Jackson Blvd, Downtown Chicago, Chicago, IL
Property

Office

440,000 SF
Availability

1 Space

2,719 SF
Year Built

1962
For Lease Contact for pricing
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3718 N Southport Ave

3718 N Southport Ave, Lakeview, Chicago, IL
Property

Retail
Availability

1 Space

880 SF
For Lease Contact for pricing
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226 S Wabash: The Wabash Trio

226 S Wabash, Chicago Loop, Chicago, IL
Property

Office

36,000 SF
Availability

4 Spaces

11,140 SF
Year Built

1932
For Lease

$18.00/SF/YR
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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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1152 N. Milwaukee Avenue

1152 North Milwaukee Avenue, Noble Square, Chicago, IL
Property

Retail

11,604 SF
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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645 North Michigan Avenue

645 North Michigan Avenue, Streeterville, Chicago, IL
Property

Other

14,792 SF
Availability

9 Spaces

26,228 SF
For Lease Contact for pricing
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Commerce Park Chicago Building A

3426 E. 118th St. , Hegewisch, Chicago, IL
Property

Industrial

298,839 SF
Availability Contact for availability
Year Built

2021
For Lease Contact for pricing
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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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65,000 SF Available for Sale in Chicago

4737 S Christiana Ave, Brighton Park, Chicago, IL
Property

Industrial

65,000 SF
For Sale

$2,999,999
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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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SEC Broadway & Berwyn

SEC Broadway & Berwyn, Lakewood - Balmoral, Chicago, IL
Property

Retail
Availability

1 Space

9,220 SF
For Lease Contact for pricing
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3033 N Knox Ave

3033 N Knox Ave, Kelvin Park, Chicago, IL
Property

Industrial

350,000 SF
Availability

1 Space

55,084 SF
Year Built

1994
For Lease

$12.00/SF/YR
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Woodlawn Retail Center

1500 East 63rd Street, Woodlawn, Chicago, IL
Property

Retail
Availability

1 Space

55,555 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
Availability

1 Space

41,237 SF
For Lease Contact for pricing
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5050 N Broadway

5050 N Broadway, Andersonville, Chicago, IL
Property

Retail
Availability

4 Spaces

9,548 SF
For Lease Contact for pricing
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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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Knight Building

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

Office

123,000 SF
Availability

7 Spaces

39,330 SF
Year Built

1909
For Lease Contact for pricing
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641 West Lake Street

641 West Lake Street, West Loop, Chicago, IL
Property

Office

106,634 SF
Availability

7 Spaces

52,820 SF
Year Built

1899
For Lease

$25.00 - $38.00/SF/YR
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101615 . Dynamic Tri-plex BFR Chicago, IL

101615 . Dynamic Tri-plex BFR Chicago, IL, Oakland, Chicago, IL
Property

Multi-Family

109,350 SF
Year Built

2024
For Sale

$29,700,000
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Madison & Keeler

4153 W Madison St, West Garfield Park, Chicago, IL
Property

VacantLand

2,700 SF
Year Built

2022
For Sale

$40,000
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485 N Milwaukee Ave

485 N Milwaukee Ave, Fulton River District, Chicago, IL
Property

Multi-Family

3,000 SF
Year Built

1881
For Sale

$895,000
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Office Suite for Lease

2950 W Chicago Ave, Humboldt Park, Chicago, IL
Property

Office

42,000 SF
Availability

1 Space

1,122 SF
Year Built

1910
For Lease

$2,400.00/MO
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17 North Wabash

17 N wabash, Downtown Chicago, Chicago, IL
Property

Office

66,600 SF
Availability

6 Spaces

13,124 SF
Year Built

1900
For Lease

$23.00 - $42.00/SF/YR
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158 W Erie St

158 W Erie St. , River North, Chicago, IL
Property

Office

7,101 SF
For Sale

Subject To Offer
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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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7456 S South Shore

7456 South South Shore Drive, South Shore, Chicago, IL
Property

Multi-Family

43,550 SF
Year Built

1928
For Sale

$3,600,000
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3239 W Belmont Avenue

3239 W Belmont Avenue, Avondale, Chicago, IL
Property

Retail

11,000 SF
Availability

1 Space

11,000 SF
For Lease Contact for pricing
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4744 W Belmont Ave, Chicago, IL, 60641

4744 W Belmont Ave., Kilbourn Park, Chicago, IL
Property

Retail

3,100 SF
Availability

1 Space

3,000 SF
Year Built

1980
For Lease Contact for pricing
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Blackhawk on Halsted

1460 North Halsted Street, Goose Island, Chicago, IL
Property

Office

224,204 SF
Availability

3 Spaces

33,327 SF
Year Built

2008
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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