Hazel Crest, IL Commercial Real Estate for Lease and Sale

Explore 15 listings of Hazel Crest commercial real estate to find the best space for your business.

3400 - 3480 West 183rd Street

3400 - 3480 West 183rd Street, Hazel Crest, IL
Property

Retail

42,946 SF
Availability

11 Spaces

19,348 SF
For Lease

$12.50 - $21.00/SF/YR
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Fresenius Hazel Crest Office | 7.75% CAP | 7,002 SF

17524 E Carriageway Dr, Hazel Crest, IL
Property

Other

10,860 SF
Year Built

1983
For Sale

$1,595,212
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3310-3370 West 183rd Street

3310-3370 West 183rd Street, Hazel Crest, IL
Property

Retail

93,724 SF
Availability

7 Spaces

71,876 SF
For Lease

$8.00 - $15.00/SF/YR
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175th Kedzie

17465 Kedzie, Hazel Crest, IL
Property

Retail

12,312 SF
Availability

1 Space

3,250 SF
For Lease

$18.00/SF/YR
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3175 W. 175th

3175 W. 175th St, Hazel Crest, IL
Property

Retail
Availability

1 Space

1,609 SF
For Lease Contact for pricing
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3500 183rd St

3500 183rd St, Hazel Crest, IL
Property

Retail

13,250 SF
For Sale

$900,000
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Value-Add | Westwood Office Plaza

18141 Dixie Highway, Homewood, IL
Property

Office

13,410 SF
Year Built

1966
For Sale

$1,145,000
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900 Ridge Road

900 Ridge Rd, Homewood, IL
Property

Office

17,963 SF
Availability

12 Spaces

7,585 SF
Year Built

1980
For Lease Contact for pricing
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17855 S. Halsted Street

17855 Halsted St, Homewood, IL
Property

Retail

4,364 SF
Availability

1 Space

4,364 SF
Year Built

1974
For Lease Contact for pricing
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Automotive Building

239 W 162nd Street, South Holland, IL
Property

Other

6,500 SF
Year Built

1989
For Sale

$600,000
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901 E 162nd Street

901 E 162nd Street, South Holland, IL
Property

Retail

4,224 SF
Year Built

2019
For Sale

$775,000
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1300 Hilltop Ave

1300 Hilltop Ave, Chicago Heights, IL
Property

Industrial

106,320 SF
Year Built

1979
For Sale Contact Listing Agent(s)
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475 E 162nd St

475 E 162nd St, South Holland, IL
Property

Retail

21,538 SF
Year Built

1983
For Sale Contact for pricing
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6054 West 159th Street

6054 West 159th Street, Oak Forest, IL
Property

Retail

1,200 SF
Availability

1 Space

1,200 SF
For Lease

$20.00/SF/YR
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Village Center

546 East 162nd Street, South Holland, IL
Property

Retail

1,225 SF
For Sale

$116,000
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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.

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 Hazel Crest commercial real estate market includes 246,032 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.

The listing inventory in Hazel Crest 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 Hazel Crest is represented by Retail space, which accounts for 192,716 square feet of available listings.

Meanwhile, most of the listings of commercial property for sale in Hazel Crest 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 Hazel Crest is $12.92 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 Hazel Crest 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 Hazel Crest, 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 $21 per square foot. In particular, the property type commanding the highest lease rates in Hazel Crest was Retail space.

The average size of a commercial property in Hazel Crest 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:

Retail properties here incorporate an average of 49,207 square feet.

Hazel Crest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hazel Crest currently add up to 183,291 square feet. Local retail availability includes 183,291 square feet across 4 retail space(s).

Property Type	Count of Listings	Total SF
Retail	4	183,291

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 Hazel Crest, IL. Currently, there is 24,110 square feet of commercial property for sale here , which includes , 1 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	1	13,250
Other	1	10,860

Hazel Crest, IL Commercial Real Estate for Lease and Sale

3400 - 3480 West 183rd Street

Fresenius Hazel Crest Office | 7.75% CAP | 7,002 SF

3310-3370 West 183rd Street

175th Kedzie

3175 W. 175th

3500 183rd St

Value-Add | Westwood Office Plaza

900 Ridge Road

17855 S. Halsted Street

Automotive Building

901 E 162nd Street

1300 Hilltop Ave

475 E 162nd St

6054 West 159th Street

Village Center

Frequently Asked Questions

Hazel Crest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Hazel Crest, 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 Hazel Crest, IL?

What factors affect the price of commercial real estate in Hazel Crest, IL?

What is the average rent for commercial space in Hazel Crest, IL?

What are the best areas for commercial real estate in Hazel Crest, 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 Hazel Crest, IL?

Hazel Crest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us