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.

620 Coworking
Next Property Management Inc
620 North La Salle Street, Chicago, IL
Services

Meeting Room
Amenities

Parking

Receptionist/Secretarial services
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5041 S. Prairie

5041 S Prairie Ave, Bronzeville, Chicago, IL
Property

Retail

8,250 SF
Availability

1 Space

8,250 SF
Year Built

1951
For Lease

$15.00/SF/YR
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325 West Huron Street

325 West Huron Street, River North, Chicago, IL
Property

Office

121,014 SF
Availability

7 Spaces

16,926 SF
Year Built

1932
For Lease

$34.50 - $35.50/SF/YR
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Leo Burnett Building

35 West Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

1,118,042 SF
Availability

33 Spaces

784,788 SF
Year Built

1989
For Lease Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
180 North Wabash Avenue

180 North Wabash Avenue, Chicago Loop, Chicago, IL
Property

Office

160,580 SF
Availability

10 Spaces

24,725 SF
Year Built

1914
For Lease

$23.00 - $26.00/SF/YR
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5850 W Belmont - Former Bank Branch on 1.33 Acres of Land

5850 W Belmont Avenue, Belmont Central, Chicago, IL
Property

Office

13,330 SF
Availability

1 Space

13,300 SF
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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1539 N Milwaukee Avenue

1539 N Milwaukee Avenue, Wicker Park, Chicago, IL
Property

Retail

5,296 SF
Availability

1 Space

5,296 SF
For Lease Contact for pricing
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1863 West Carroll Avenue

1863 West Carroll Avenue, Near West Side, Chicago, IL
Property

Industrial

6,171 SF
Availability

1 Space

6,171 SF
For Lease

$9,500.00/MO
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1917 West Walnut Street

1917 West Walnut Street, Near West Side, Chicago, IL
Property

Industrial

47,869 SF
For Sale

Subject To Offer
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Pointe 1900 On State - Retail | Medical

1912 South State Street, South Loop, Chicago, IL
Property

Retail

36,476 SF
Availability

1 Space

1,438 SF
Year Built

2006
For Lease Contact for pricing
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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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1547-1549 W Belmont Ave, Chicago, IL

1547-1549 W Belmont Avenue, Lakeview, Chicago, IL
Property

Retail

11,500 SF
Availability

1 Space

11,500 SF
For Lease Contact for pricing
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Roosevelt Office Lofts and Corner Shops

622 West Roosevelt Road, South Loop, Chicago, IL
Property

Retail

19,560 SF
Availability

3 Spaces

11,624 SF
For Lease Contact for pricing
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303 West Institute Place

303 West Institute Place, Near North Side Chicago, Chicago, IL
Property

Office

29,708 SF
Availability

1 Space

5,177 SF
Year Built

1890
For Lease Contact for pricing
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311 South Wacker Drive

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

Office

1,313,315 SF
Availability

88 Spaces

715,840 SF
Year Built

1990
For Lease Contact for pricing
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1 Deeded Parking Space Available at Icehouse Lofts Condo

2101 W Rice Street P38, Ukrainian Village, Chicago, IL
Property

Other

10 SF
For Sale

$21,000
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Clarendale Six Corners

4715 W Irving Park Road, Old Irving Park, Chicago, IL
Property

Retail
Availability

8 Spaces

17,725 SF
For Lease Contact for pricing
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40 North Wells

40 N Wells, Chicago Loop, Chicago, IL
Property

Office

16,625 SF
Availability

2 Spaces

4,620 SF
Year Built

1874
For Lease

$20.00/SF/YR
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O'Hare Plaza - 8745 West Higgins

8745 West Higgins Road, O'Hare, Chicago, IL
Property

Office

111,299 SF
Availability

5 Spaces

65,162 SF
Year Built

1975
For Lease

$20.00 - $22.00/SF/YR
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VCollective - 322 South Green Street

322 South Green Street, Near West Side, Chicago, IL
Property

Office

91,106 SF
Availability

1 Space

4,500 SF
Year Built

1921
For Lease Contact for pricing
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Western Plaza

1014 S Western Avenue, North Lawndale, Chicago, IL
Property

Retail

6,313 SF
Availability

1 Space

1,250 SF
For Lease

$32.64/SF/YR
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3932 West Madison Street

3932 West Madison Street, West Garfield Park, Chicago, IL
Property

Office

14,000 SF
For Sale

$625,000
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1284 N Milwaukee Ave

1284 N Milwaukee Ave, Wicker Park, Chicago, IL
Property

Retail

2,000 SF
Availability Contact for availability
Year Built

1889
For Lease Contact for pricing
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2006 West Chicago Avenue

2006 West Chicago Avenue, Ukrainian Village, Chicago, IL
Property

Retail
Availability

1 Space

3,500 SF
For Lease Contact for pricing
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Spaces S Michigan Avenue
Spaces
332 South Michigan Avenue #900, 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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1655 South Blue Island Avenue
Lobi Space
1655 South Blue Island Avenue, Chicago, IL
Services

Virtual Office

Private Office
Amenities

Complimentary coffee & tea

High-speed wifi

Kitchen

Parking

Podcast room

Printer

Projector

Receptionist/Secretarial services

TV/Monitor

Window view
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1631-1639 W Carroll Ave - Kinzie Corridor Flex Space

1631-1639 W. Carroll Ave, Near West Side, Chicago, IL
Property

Industrial

22,816 SF
Availability

2 Spaces

22,816 SF
Year Built

1926
For Lease Contact for pricing
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175 West Jackson Blvd

175 West Jackson Blvd, Chicago Loop, Chicago, IL
Property

Office

1,452,390 SF
Availability

3 Spaces

39,441 SF
Year Built

1911
For Lease

$33.00/SF/YR
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The Fifth Third Center

222 South Riverside Plaza, West Loop, Chicago, IL
Property

Office

1,184,432 SF
Availability

1 Space

4,493 SF
Year Built

1971
For Lease Contact for pricing
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29 East Madison Street

29 East Madison Street, Chicago Loop, Chicago, IL
Property

Office

236,151 SF
Availability

34 Spaces

59,745 SF
Year Built

1906
For Lease

$23.00 - $28.00/SF/YR
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800 West Fulton Market

800 West Fulton Market, Fulton Market, Chicago, IL
Property

Office

480,490 SF
Availability

1 Space

19,899 SF
Year Built

2021
For Lease Contact for pricing
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Chicago Campus Bldg 2

12525 S. Carondolet Ave., South Deering, Chicago, IL
Property

Industrial

247,000 SF
Availability Contact for availability
Year Built

2003
For Lease Contact for pricing
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Sage West Loop

1044 W Van Buren, Near West Side, Chicago, IL
Property

Retail

222,000 SF
Availability

1 Space

1,806 SF
For Lease

$35.00/SF/YR
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8636 South Ashland Ave

8636 South Ashland Avenue, Auburn Gresham, Chicago, IL
Property

Retail

15,035 SF
Year Built

2004
For Sale Contact for pricing
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701 North Michigan Ave

701 North Michigan Ave, Streeterville, Chicago, IL
Property

Retail

22,900 SF
Availability

4 Spaces

17,966 SF
For Lease Contact for pricing
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3140 N. Clybourn Avenue

3140 N Clybourn Ave, Roscoe Village, Chicago, IL
Property

Retail

2,402 SF
Availability

1 Space

3,300 SF
Year Built

2023
For Lease Contact for pricing
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4747 West Peterson Avenue

4747 West Peterson Avenue, Sauganash, Chicago, IL
Property

Office

50,000 SF
Availability

8 Spaces

11,041 SF
Year Built

1971
For Lease

$8.00 - $49.00/SF/YR
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158 W Erie St

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

Office

7,101 SF
Availability

1 Space

7,101 SF
For Lease

$25.00/SF/YR
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3420 N Sheffield Ave

3420 N Sheffield Ave, Lakeview, Chicago, IL
Property

Multi-Family

16,045 SF
For Sale Contact for pricing
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120 West Madison Street

120 West Madison Street, Chicago Loop, Chicago, IL
Property

Office

111,323 SF
Availability

23 Spaces

52,297 SF
Year Built

1929
For Lease Contact for pricing
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180 West Washington

180 W Washington, Chicago Loop, Chicago, IL
Property

Office

41,178 SF
Availability

8 Spaces

14,335 SF
Year Built

1924
For Lease

$22.00 - $26.00/SF/YR
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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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444 North Wabash Avenue

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

Office

65,800 SF
Availability

2 Spaces

10,000 SF
Year Built

1935
For Lease

$22.00/SF/YR
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4703 W Arthington St

4703 W Arthington St, Austin, Chicago, IL
Property

Industrial

10,000 SF
Year Built

1998
For Sale

$745,000
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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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Medinah Temple

600 North Wabash Street, Near North Side Chicago, Chicago, IL
Property

Retail

135,000 SF
Availability

2 Spaces

136,000 SF
Year Built

1912
For Lease Contact for pricing
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South Loop Retail Spaces | 2248 S. Michigan Ave.

2248 South Michigan Avenue, South Loop, Chicago, IL
Property

Office

21,000 SF
Availability

2 Spaces

14,000 SF
For Lease

$25.00/SF/YR
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The Haymarket Building

117 N Jefferson, West Loop, Chicago, IL
Property

Office

42,000 SF
Availability

8 Spaces

26,848 SF
Year Built

1905
For Lease

$26.00 - $35.00/SF/YR
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18th Street Mixed-Use

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

Multi-Family

7,600 SF
Year Built

1888
For Sale

$1,450,000
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South Loop State Street Retail/Office Opportunity

1501 S. State Street, South Loop, Chicago, IL
Property

Retail

19,563 SF
Availability

4 Spaces

4,081 SF
For Lease

$25.00/SF/YR
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1921Coworking & 1921 Incubator
1921 Coworking
11001 South Michigan Avenue, Chicago, IL
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

High-speed wifi

Parking
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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 157,197,770 square feet of office space across 604 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 15,968,222 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 22,224,673 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 21,550,239 square feet of available listings. Industrial space available in Chicago adds up to 9,751,809 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 $25.09 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 $14.15 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 299,425 square feet.
Retail properties here incorporate an average of 37,750 square feet.
Industrial space in Chicago is in buildings that are, on average 106,850 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 39,536,764 square feet. The market offers 548 active office listing(s), which amount to 21,546,239 square feet and account for 44% of commercial spaces on the market. Local retail availability includes 3,839,315 square feet across 486 retail space(s). Industrial space for rent opportunities in Chicago amount to 9,751,808 square feet across a total of 161 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	548	21,546,239
Retail	486	3,839,315
Industrial	161	9,751,808
Other	33	4,399,402

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 13,174,874 square feet of commercial property for sale here , which includes 59 office building(s) for sale , 102 retail investment opportunity listing(s) , and 87 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	59	4,229,198
Retail	102	936,121
Industrial	87	5,991,651
Other	135	2,017,904

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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