Park Forest, IL Commercial Real Estate for Lease and Sale

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

Manufacturing Opportunity | Redevelopment Industrial Building

80-90 North Street, Park Forest, IL
Property

Industrial

123,600 SF
Year Built

1960
For Sale

$6,750,000
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Manufacturing Opportunity | Redevelopment Industrial Building

80-90 North Street, Park Forest, IL
Property

Industrial

123,600 SF
Availability

1 Space

80,116 SF
Year Built

1960
For Lease

$8.00/SF/YR
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373 Sauk Trail

373 Sauk Trail , Park Forest, IL
Property

Retail

25,528 SF
Availability

1 Space

28,528 SF
For Lease Contact for pricing
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49-59 North Street

49-59 North Street, Park Forest, IL
Property

Industrial

12,600 SF
For Sale Contact for pricing
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44 West Lincoln Highway | For Lease

44 West Lincoln Highway, Chicago Heights, IL
Property

Office

6,600 SF
Availability

2 Spaces

6,600 SF
For Lease

$15.00/SF/MO
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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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Union Professional Building | Mixed Use Retail or Office Opportunity

3201 Union Avenue, Steger, IL
Property

Retail

10,950 SF
Year Built

1977
For Sale

$650,000
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1300 Hilltop Ave

1300 Hilltop Ave, Chicago Heights, IL
Property

Industrial

106,320 SF
Availability

4 Spaces

99,874 SF
Year Built

1979
For Lease

$5.00 - $6.00/SF/YR
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Sauk Trail Plaza

4801 Sauk Trl, Richton Park, IL
Property

Retail

7,503 SF
Availability

1 Space

2,505 SF
Year Built

2022
For Lease Contact for pricing
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Union Professional Building | Mixed Use Retail or Office Opportunity

3201 Union Avenue, Steger, IL
Property

Retail

10,950 SF
Availability

3 Spaces

5,900 SF
Year Built

1977
For Lease

$1,765.00 - $3,000.00/MO
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4749 Lincoln Mall Drive

4749 Lincoln Mall Drive, Matteson, IL
Property

Office

76,200 SF
Availability

19 Spaces

34,882 SF
Year Built

1979
For Lease

$14.00 - $17.00/SF/YR
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970,123 SF Available for Lease in University Park - New Construction

University Parkway East of Central Avenue, Monee, Frankfort, IL
Property

Industrial

970,123 SF
Availability

1 Space

970,123 SF
For Lease Contact for pricing
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Will County | 2-Story Retail in Downtown Crete

1338 Main St, Crete, IL
Property

Retail

16,651 SF
Year Built

1911
For Sale

$2,250,000
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300 Towne Center Rd

300 Town Center Rd, Matteson, IL
Property

Retail

7,753 SF
Availability

1 Space

7,731 SF
For Lease Contact for pricing
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Meijer | In-Store Retail Space

3800 Vollmer Rd, Homewood, Flossmoor, IL
Property

Retail

192,000 SF
Availability

2 Spaces

1,567 SF
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.

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 Park Forest commercial real estate market includes 25,528 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 Park Forest market, there is a total of 259,800 square feet of industrial property.

The listing inventory in Park Forest 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 Park Forest is represented by Industrial space, which accounts for 80,116 square feet of available listings. Retail space available in Park Forest adds up to 28,528 square feet.

Meanwhile, most of the listings of commercial property for sale in Park Forest 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.

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 Park Forest, 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.

The average size of a commercial property in Park Forest 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 25,528 square feet.
Industrial space in Park Forest is in buildings that are, on average 86,600 square feet in size.

Park Forest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Park Forest currently add up to 108,644 square feet. Local retail availability includes 28,528 square feet across 1 retail space(s). Industrial space for rent opportunities in Park Forest amount to 80,116 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Retail	1	28,528
Industrial	1	80,116

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 Park Forest, IL. Currently, there is 136,200 square feet of commercial property for sale here , which includes 2 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	2	136,200

Park Forest, IL Commercial Real Estate for Lease and Sale

Manufacturing Opportunity | Redevelopment Industrial Building

Manufacturing Opportunity | Redevelopment Industrial Building

373 Sauk Trail

49-59 North Street

44 West Lincoln Highway | For Lease

1300 Hilltop Ave

Union Professional Building | Mixed Use Retail or Office Opportunity

1300 Hilltop Ave

Sauk Trail Plaza

Union Professional Building | Mixed Use Retail or Office Opportunity

4749 Lincoln Mall Drive

970,123 SF Available for Lease in University Park - New Construction

Will County | 2-Story Retail in Downtown Crete

300 Towne Center Rd

Meijer | In-Store Retail Space

Frequently Asked Questions

Park Forest, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Park Forest, 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 Park Forest, IL?

What factors affect the price of commercial real estate in Park Forest, IL?

What are the best areas for commercial real estate in Park Forest, 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 Park Forest, IL?

Park Forest, 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