Hanover Park, IL Commercial Real Estate for Lease and Sale

Explore 11 listings of Hanover Park commercial real estate to find the best space for your business.

Turnberry Lakes International Business Center - 935-945 Muirfield Drive & 5700-5800 Turnberry Drive

945 Muirfield Drive, Hanover Park, IL
Property

Industrial

244,888 SF
Availability

1 Space

60,417 SF
Year Built

1995
For Lease Contact for pricing
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800 Irving Park

800 irving park, Hanover Park, IL
Property

Land

1,700 SF
For Sale

$499,000
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1090-1250 lake street

1090-1250 lake street, Hanover Park, IL
Property

Office

57,105 SF
Availability

7 Spaces

45,617 SF
For Lease

$8.00 - $12.00/SF/YR
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Turnberry Lakes Business Park - 50 & 100 Gary Avenue

50 Gary Avenue, Hanover Park, Roselle, IL
Property

Industrial

164,675 SF
Availability

1 Space

38,026 SF
Year Built

1999
For Lease Contact for pricing
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1300 Greenbrook Blvd

1300 Greenbrook Blvd, Hanover Park, IL
Property

Office

23,400 SF
Availability

11 Spaces

17,021 SF
Year Built

1979
For Lease Contact for pricing
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Turnberry Lakes Business Park - 200 North Gary Avenue

200 North Gary Avenue, Hanover Park, Roselle, IL
Property

Industrial

487,737 SF
Availability

1 Space

487,437 SF
Year Built

1994
For Lease Contact for pricing
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Retail | 7.70% CAP | 4,182 SF

1655 Irving Park Rd, Hanover Park, IL
Property

Other

4,182 SF
Year Built

1987
For Sale

$1,493,506
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1300 Greenbrook Blvd (Retail Pad)

1300 Greenbrook Blvd (Retail Pad), Hanover Park, IL
Property

Retail

1,564 SF
Availability

1 Space

1,564 SF
For Lease Contact for pricing
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Westview Center

7580 Barrington Road, Hanover Park, IL
Property

Retail

116,999 SF
Availability

1 Space

4,000 SF
Year Built

1988
For Lease Contact for pricing
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Church Street Station

1738-1756 Lake Street, Hanover Park, IL
Property

Retail

5,897 SF
Availability

1 Space

1,200 SF
For Lease Contact for pricing
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1051 Lake St

1051 Lake St, Hanover Park, IL
Property

Retail

2,738 SF
Availability

1 Space

2,738 SF
For Lease

$20.00/SF/YR
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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 Hanover Park commercial real estate market incorporates 80,505 square feet of office space across 3 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 Hanover Park commercial real estate market includes 127,198 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 Hanover Park market, there is a total of 897,300 square feet of industrial property.
The listing inventory in Hanover Park 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 Hanover Park is represented by Industrial space, which accounts for 585,880 square feet of available listings. Office space available in Hanover Park adds up to 62,638 square feet.

Meanwhile, most of the listings of commercial property for sale in Hanover Park are in the Office 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 Hanover Park is $11.66 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 Hanover Park 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 Hanover Park, 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 $20 per square foot. In particular, the property type commanding the highest lease rates in Hanover Park was Office space.
The average size of a commercial property in Hanover Park 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 Hanover Park, the average size of an office property is 40,253 square feet.
- Retail properties here incorporate an average of 31,800 square feet.
- Industrial space in Hanover Park is in buildings that are, on average 299,100 square feet in size.

Hanover Park, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Hanover Park currently add up to 658,020 square feet. The market offers 3 active office listing(s), which amount to 62,638 square feet and account for 27% of commercial spaces on the market. Local retail availability includes 9,502 square feet across 5 retail space(s). Industrial space for rent opportunities in Hanover Park amount to 585,880 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	3	62,638
Retail	5	9,502
Industrial	3	585,880

About us

CommercialCafe is your go-to commercial real estate listing source. We partner with highly respected major brokerages from across the country to ensure high-quality listings that are updated frequently. Our online marketplace lists all commercial property types from office, coworking, retail, and industrial to special purpose properties.

CommercialCafe is a trusted Yardi brand and is an integral part of the CommercialEdge network — the fastest-growing network of online real estate marketplaces, which ranks on the 1st page of Google for all top markets, attracts more than 2 million monthly visits, and generates more than 350,000 broker contacts.

Hanover Park, IL Commercial Real Estate for Lease and Sale

Turnberry Lakes International Business Center - 935-945 Muirfield Drive & 5700-5800 Turnberry Drive

800 Irving Park

1090-1250 lake street

Turnberry Lakes Business Park - 50 & 100 Gary Avenue

1300 Greenbrook Blvd

Turnberry Lakes Business Park - 200 North Gary Avenue

Retail | 7.70% CAP | 4,182 SF

1300 Greenbrook Blvd (Retail Pad)

Westview Center

Church Street Station

1051 Lake St

Frequently Asked Questions

Hanover Park, IL Currently Available Listings

Commercial Space for Lease Breakdown

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