Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,613 listings of Chicago commercial real estate for lease and for sale to find the best space for your business.

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4801 West Peterson Avenue

4801 West Peterson Avenue, South Edgebrook, Chicago, IL
Property

Office

102,000 SF
Availability

30 Spaces

47,711 SF
Year Built

1974
For Lease

$21.00 - $28.00/SF/YR
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40 East Huron Street

40 East Huron Street, Near North Side Chicago, Chicago, IL
Property

Office

93,000 SF
Availability

11 Spaces

27,370 SF
For Lease Contact for pricing
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1550-1556 West Carroll Avenue

1550 West Carroll Avenue, Near West Side, Chicago, IL
Property

Office

84,600 SF
Availability

1 Space

9,730 SF
Year Built

1922
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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17 North Wabash

17 N wabash, Downtown Chicago, Chicago, IL
Property

Office

66,600 SF
Availability

5 Spaces

12,424 SF
Year Built

1900
For Lease

$23.00 - $42.00/SF/YR
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2620 N Milwaukee Avenue

2620 N Milwaukee Avenue, Logan Square, Chicago, IL
Property

Retail
Availability

1 Space

1,986 Acre
For Lease Contact for pricing
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1325 N Wells St

1325 N Wells St, Old Town Chicago, Chicago, IL
Property

Retail
Availability

1 Space

1,721 Acre
For Lease Contact for pricing
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1428 North Cleveland Avenue

1428 North Cleveland Avenue, Old Town Chicago, Chicago, IL
Property

Other

4,000 SF
Year Built

2016
For Sale

$2,995,000
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Leo Burnett Building

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

Office

1,118,042 SF
Availability

2 Spaces

36,445 SF
Year Built

1990
For Lease Contact for pricing
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440 West Diversey Parkway

440 West Diversey Parkway, Lakeview, Chicago, IL
Property

Retail

10,000 SF
Availability

1 Space

1,400 SF
Year Built

1948
For Lease

$30.00/SF/YR
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82,855 SF for Lease at 6155 S. Harlem Avenue, Chicago, IL 60638

6155 South Harlem Avenue, Clearing, Chicago, IL
Property

Industrial

82,855 SF
Availability

1 Space

82,855 SF
For Lease Contact for pricing
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4777 N. Milwaukee Avenue

4777 N Milwaukee Ave, Jefferson Park, Chicago, IL
Property

Retail

10,880 SF
Year Built

2003
For Sale

$4,000,000
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407 S. Peoria St.

407 S. Peoria St., Near West Side, Chicago, IL
Property

Retail

6,000 SF
Availability

1 Space

6,000 SF
For Lease Contact for pricing
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Old Main Post Office

433 West Van Buren Street, South Loop, Chicago, IL
Property

Office

2,293,766 SF
Availability

2 Spaces

100,345 SF
Year Built

2019
For Lease Contact for pricing
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Spaces Fulton Market
Spaces
159 North Sangamon Street #200 & 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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Veterans Square Office Center

4849 North Milwaukee Avenue, Jefferson Park, Chicago, IL
Property

Office

105,000 SF
Availability

12 Spaces

65,298 SF
Year Built

2001
For Lease

$15.00 - $18.00/SF/YR
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1863 West Carroll Avenue

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

Industrial

6,171 SF
For Sale

Subject To Offer
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441-449 North Clark Street

441 North Clark Street, Near North Side Chicago, Chicago, IL
Property

Office

52,580 SF
Availability

1 Space

2,438 SF
Year Built

1871
For Lease Contact for pricing
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4541 North Ravenswood Avenue

4541 North Ravenswood Avenue, Ravenswood, Chicago, IL
Property

Office

31,760 SF
Availability

1 Space

350 SF
Year Built

1927
For Lease

$640.00/MO
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1513 N Western Ave

1513 N Western Ave, Wicker Park, Chicago, IL
Property

Multi-Family

11,975 SF
For Sale

$3,450,000
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1554 N Larrabee Street, Chicago, IL

1554 N Larrabee Street, Goose Island, Chicago, IL
Property

Retail

1,600 SF
For Sale Contact for pricing
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The June

5155 North Broadway, Uptown Chicago, Chicago, IL
Property

Retail
Availability

1 Space

1,857 SF
For Lease Contact for pricing
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111 N Wabash Ave

111 N Wabash Ave, Downtown Chicago, Chicago, IL
Property

Office

259,000 SF
For Sale

$110,000
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70 West Madison

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

Office

1,439,369 SF
Availability

4 Spaces

78,181 SF
Year Built

1981
For Lease Contact for pricing
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224 South Michigan Avenue

224 South Michigan Avenue, Downtown Chicago, Chicago, IL
Property

Office

387,598 SF
Availability

10 Spaces

77,054 SF
Year Built

1905
For Lease Contact for pricing
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2545 West Diversey Avenue

2545 West Diversey Avenue, Logan Square, Chicago, IL
Property

Office

272,000 SF
Availability

1 Space

3,942 SF
Year Built

2011
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 175,746,496 square feet of office space across 610 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 91,374 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 16,260,392 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 25,573,555 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 Retail space, which accounts for 11,822,810,311 square feet of available listings. Office space available in Chicago adds up to 24,516,885 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 $24.64 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 $36.9 per square foot, industrial space in Chicago saw average rents of $10.19 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 Near West Side.

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 $54.05 per square foot. In particular, the property type commanding the highest lease rates in Chicago was Office 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 330,973 square feet.
Retail properties here incorporate an average of 39,952 square feet.
Industrial space in Chicago is in buildings that are, on average 110,231 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 14,560,484,654 square feet. The market offers 554 active office listing(s), which amount to 24,516,885 square feet and account for 45% of commercial spaces on the market. Local retail availability includes 11,822,809,411 square feet across 461 retail space(s). Industrial space for rent opportunities in Chicago amount to 11,167,394 square feet across a total of 171 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	554	24,516,885
Retail	461	11,822,809,411
Industrial	171	11,167,394
Other	31	2,701,990,963

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 15,785,338 square feet of commercial property for sale here , which includes 55 office building(s) for sale , 99 retail investment opportunity listing(s) , and 96 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	55	5,901,218
Retail	99	1,196,402
Industrial	96	5,951,876
Other	139	2,735,842

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

4801 West Peterson Avenue

40 East Huron Street

1550-1556 West Carroll Avenue

645 North Michigan Avenue

17 North Wabash

2620 N Milwaukee Avenue

1325 N Wells St

1428 North Cleveland Avenue

Leo Burnett Building

440 West Diversey Parkway

82,855 SF for Lease at 6155 S. Harlem Avenue, Chicago, IL 60638

4777 N. Milwaukee Avenue

407 S. Peoria St.

Old Main Post Office

Spaces Fulton Market

Veterans Square Office Center

1863 West Carroll Avenue

441-449 North Clark Street

4541 North Ravenswood Avenue

1513 N Western Ave

1554 N Larrabee Street, Chicago, IL

The June

111 N Wabash Ave

70 West Madison

224 South Michigan Avenue

2545 West Diversey Avenue

Frequently Asked Questions

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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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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us