Hazel Crest, IL Commercial Real Estate for Lease and Sale

Explore 12 listings of Hazel Crest commercial real estate for lease and for sale to find the best space for your business.

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Fresenius Hazel Crest

17524 E. Carriageway Drive, Hazel Crest, IL
Property

Office

10,860 SF
Year Built

1983
For Sale

$1,705,223
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The Commons of Hazel Crest

18220 Kedzie Avenue, Hazel Crest, IL
Property

Retail

51,222 SF
Availability

1 Space

1,200 SF
For Lease Contact for pricing
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Hazel Crest Center

17503-17575 S Kedzie Ave, Hazel Crest, IL
Property

Retail

83,800 SF
Availability

3 Spaces

6,200 SF
Year Built

1975
For Lease Contact for pricing
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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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Crest Court

17508 E. Carriageway Dr., Hazel Crest, IL
Property

Office

23,203 SF
Availability

1 Space

1,860 SF
For Lease

$19.50/SF/YR
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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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Crest Court

17508 E. Carriageway Dr., Hazel Crest, IL
Property

Office

23,203 SF
For Sale

$1,895,000
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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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3500 183rd St

3500 183rd St, Hazel Crest, IL
Property

Retail

13,250 SF
For Sale

$900,000
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900-7,000 SF Available for Lease at Fountainbleau Court in Hazel Crest

3400-3480 W 183rd St, Hazel Crest, IL
Property

Retail

42,946 SF
Availability

1 Space

7,000 SF
For Lease

$12.00 - $21.00/SF/YR
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2,537-80,208 SF Available for Lease at Grenoble Square in Hazel Crest

3310-3370 W 183rd St, Hazel Crest, IL
Property

Retail

93,724 SF
Availability

1 Space

80,208 SF
For Lease

$8.00 - $15.00/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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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 Hazel Crest commercial real estate market incorporates 57,266 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 Hazel Crest commercial real estate market includes 297,254 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 190,691 square feet of available listings. Office space available in Hazel Crest adds up to 1,860 square feet.

Meanwhile, most of the listings of commercial property for sale in Hazel Crest 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 Hazel Crest is $13.83 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:

In Hazel Crest, the average size of an office property is 19,089 square feet.
Retail properties here incorporate an average of 42,465 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 192,551 square feet. The market offers 1 active office listing(s), which amount to 1,860 square feet and account for 11% of commercial spaces on the market. Local retail availability includes 190,691 square feet across 8 retail space(s).

Property Type	Count of Listings	Total SF
Office	1	1,860
Retail	8	190,691

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 47,313 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	2	34,063
Retail	2	13,250

Hazel Crest, IL Commercial Real Estate for Lease and Sale

Fresenius Hazel Crest

The Commons of Hazel Crest

Hazel Crest Center

3310-3370 West 183rd Street

Crest Court

3400 - 3480 West 183rd Street

Crest Court

175th Kedzie

3500 183rd St

900-7,000 SF Available for Lease at Fountainbleau Court in Hazel Crest

2,537-80,208 SF Available for Lease at Grenoble Square in Hazel Crest

3175 W. 175th

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