Elk Grove Village, IL Commercial Real Estate for Lease and Sale

Explore 76 listings of Elk Grove Village commercial real estate to find the best space for your business.

13,448 SF Now Available For Lease in Elk Grove Village

1800 Howard Street, Elk Grove Village, IL
Property

Industrial

29,468 SF
Availability

1 Space

13,448 SF
Year Built

1989
For Lease Contact for pricing
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Elk Crossing

20 Biesterfield Rd, Elk Grove Village, IL
Property

Retail

116,707 SF
Availability

3 Spaces

8,900 SF
For Lease Contact for pricing
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124,411 SF New Speculative Construction Available for Lease in Elk Grove Village

75 NW Point Blvd, Elk Grove Village, IL
Property

Industrial

147,075 SF
Availability

1 Space

124,411 SF
For Lease Contact for pricing
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600 Busse Road

600 Busse Road, Elk Grove Village, IL
Property

Industrial

19,190 SF
Availability

1 Space

19,190 SF
Year Built

1967
For Lease

$10.00/SF/YR
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What type of listing property are you looking for?

Office Retail Industrial

Retail Industrial Land
52,135 SF Available for Lease in Elk Grove Village

2001 Arthur Ave, Elk Grove Village, IL
Property

Industrial

79,205 SF
Availability

1 Space

52,135 SF
Year Built

2018
For Lease Contact for pricing
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1651 Lively Blvd

1651 Lively Blvd, Elk Grove Village, IL
Property

Industrial

13,888 SF
For Sale

Subject To Offer
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Strawberry Hill Plaza Lot 1 Redevelopment

633 Meacham Rd, Elk Grove Village, IL
Property

Retail

3,214 SF
Availability

1 Space

3,214 SF
Year Built

1985
For Lease Contact for pricing
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15,026 SF Available for Lease in Elk Grove Village

2125 Estes Ave, Elk Grove Village, IL
Property

Industrial

80,000 SF
Availability

1 Space

15,026 SF
Year Built

1980
For Lease Contact for pricing
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701-777 Lunt Ave.

701-777 Lunt Ave., Elk Grove Village, IL
Property

Industrial

93,379 SF
Availability

1 Space

32,959 SF
Year Built

1970
For Lease

$12.50/SF/YR
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2401 Pan Am Blvd

2401 Pan Am Blvd, Elk Grove Village, IL
Property

Industrial

8,100 SF
Availability

1 Space

8,100 SF
For Lease Contact for pricing
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60,127 SF New Speculative Construction Available for Lease in Elk Grove Village

81 NW Point Blvd, Elk Grove Village, IL
Property

Industrial

60,127 SF
Availability

1 Space

60,127 SF
For Lease Contact for pricing
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2451-2457 American Lane

2455 American Lane, Elk Grove Village, IL
Property

Industrial

25,750 SF
Availability

1 Space

6,750 SF
Year Built

1968
For Lease Contact for pricing
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700 Nicholas Blvd

700 Nicholas Blvd, Elk Grove Village, IL
Property

Office

40,183 SF
Availability

12 Spaces

18,455 SF
For Lease

$11.00 - $14.00/SF/YR
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1400 Greenleaf Ave

1400 Greenleaf Ave, Elk Grove Village, IL
Property

Industrial

56,500 SF
Year Built

1973
For Sale

Subject To Offer
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873-895 Cambridge Drive

873-895 Cambridge Drive, Elk Grove Village, IL
Property

Industrial

67,134 SF
Availability

1 Space

15,030 SF
Year Built

1979
For Lease Contact for pricing
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1550 Howard

1550 Howard, Elk Grove Village, IL
Property

Industrial

49,440 SF
Availability

1 Space

24,720 SF
For Lease Contact for pricing
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Universal Scientific

2101 Arthur Ave., Elk Grove Village, IL
Property

Industrial

82,529 SF
Availability

1 Space

21,080 SF
Year Built

1970
For Lease Contact for pricing
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1501 Tonne Road

1501 Tonne Road, Elk Grove Village, IL
Property

Industrial

32,014 SF
Availability

1 Space

32,641 SF
Year Built

1973
For Lease Contact for pricing
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135-139 Joey Drive,

135-139 Joey Drive,, Elk Grove Village, IL
Property

Industrial

12,400 SF
For Sale

$1,325,000
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Mallard Crossing

915 Meacham Road, Elk Grove Village, IL
Property

Retail

86,484 SF
Availability

2 Spaces

4,186 SF
Year Built

1992
For Lease Contact for pricing
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471 Lively Blvd

471 Lively Blvd, Elk Grove Village, IL
Property

Industrial

22,550 SF
Availability

1 Space

22,550 SF
For Lease Contact for pricing
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2250 Arthur Avenue

2250 Arthur Avenue, Elk Grove Village, IL
Property

Industrial

72,987 SF
Availability

1 Space

30,712 SF
Year Built

1983
For Lease Contact for pricing
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107 Garlisch

107 Garlisch, Elk Grove Village, IL
Property

Industrial

15,840 SF
Availability

1 Space

7,920 SF
For Lease Contact for pricing
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Bratt Depot O'Hare

950-1050 Morse Avenue, Elk Grove Village, IL
Property

Industrial

92,690 SF
Availability

1 Space

92,690 SF
Year Built

2025
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 Elk Grove Village commercial real estate market incorporates 191,824 square feet of office space across 7 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.
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 Elk Grove Village commercial real estate market includes 516,481 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 Elk Grove Village market, there is a total of 2,449,585 square feet of industrial property.

The listing inventory in Elk Grove Village 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 Elk Grove Village is represented by Industrial space, which accounts for 2,148,832 square feet of available listings. Retail space available in Elk Grove Village adds up to 137,307 square feet.

Meanwhile, most of the listings of commercial property for sale in Elk Grove Village are in the Industrial 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 Elk Grove Village is $13.58 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 Elk Grove Village 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.

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 Elk Grove Village, depending on the property type you are interested in.

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 $18 per square foot. In particular, the property type commanding the highest lease rates in Elk Grove Village was Retail space.

Conversely, the highest sale price last year was $29,125,000 that is located at 50 NW Point Blvd.

The average size of a commercial property in Elk Grove Village 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 Elk Grove Village, the average size of an office property is 38,365 square feet.
Retail properties here incorporate an average of 46,953 square feet.
Industrial space in Elk Grove Village is in buildings that are, on average 58,324 square feet in size.

Elk Grove Village, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Elk Grove Village currently add up to 2,243,272 square feet. The market offers 7 active office listing(s), which amount to 57,185 square feet and account for 10% of commercial spaces on the market. Local retail availability includes 124,308 square feet across 8 retail space(s). Industrial space for rent opportunities in Elk Grove Village amount to 2,061,779 square feet across a total of 51 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	7	57,185
Retail	8	124,308
Industrial	51	2,061,779

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 Elk Grove Village, IL. Currently, there is 291,450 square feet of commercial property for sale here , which includes , 1 retail investment opportunity listing(s) , and 9 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	1	2,813
Industrial	9	288,637

Elk Grove Village, IL Commercial Real Estate Market Overview

Located 20 miles northwest of Chicago along the Golden Corridor, this city is an unassuming global business destination. Commercial real estate in Elk Grove Village (EGV) includes the largest consolidated industrial park in the United States, which encompasses more than 62 million square feet of industrial space. A location at the EGV Business Park comes with fast access to domestic and global freight networks, as well as a diverse, talent-ready hiring network.

Bordering both the city of Chicago and O’Hare International Airport, availability of industrial property here is quite limited, as businesses in the area naturally compete for commercial space adjacent to O’Hare. Even so, through business-friendly policies and incentives — such as tax credit programs, industrial revenue bonds, workforce training programs and property tax abatements — Elk Grove Village has proactively and consistently created value for its business residents by investing in its business infrastructure.

Elk Grove Village, IL Commercial Real Estate for Lease and Sale

13,448 SF Now Available For Lease in Elk Grove Village

Elk Crossing

124,411 SF New Speculative Construction Available for Lease in Elk Grove Village

600 Busse Road

52,135 SF Available for Lease in Elk Grove Village

1651 Lively Blvd

Strawberry Hill Plaza Lot 1 Redevelopment

15,026 SF Available for Lease in Elk Grove Village

701-777 Lunt Ave.

2401 Pan Am Blvd

60,127 SF New Speculative Construction Available for Lease in Elk Grove Village

2451-2457 American Lane

700 Nicholas Blvd

1400 Greenleaf Ave

873-895 Cambridge Drive

1550 Howard

Universal Scientific

1501 Tonne Road

135-139 Joey Drive,

Mallard Crossing

471 Lively Blvd

2250 Arthur Avenue

107 Garlisch

Bratt Depot O'Hare

Frequently Asked Questions

Elk Grove Village, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Elk Grove Village, IL Commercial Real Estate Market Overview

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Elk Grove Village, 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 Elk Grove Village, IL?

What factors affect the price of commercial real estate in Elk Grove Village, IL?

What is the average rent for commercial space in Elk Grove Village, IL?

What are the best areas for commercial real estate in Elk Grove Village, 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 Elk Grove Village, IL?

Elk Grove Village, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Elk Grove Village, IL Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us