Morton Grove, IL Commercial Real Estate for Lease and Sale

Explore 11 listings of Morton Grove commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

North Grove Corporate Park - 8120-8140 Lehigh Avenue & 8125-8145 River Drive

North Grove Corporate Park - 8120-8140 Lehigh Avenue & 8125-8145 River Drive, Morton Grove, IL
Property

Office

143,961 SF
Availability

6 Spaces

70,909 SF
Year Built

1986
For Lease

$14.00 - $18.00/SF/YR
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Oakton Plaza II

6200-6280 Oakton Street, Morton Grove, IL
Property

Industrial

88,194 SF
Availability

1 Space

3,635 SF
For Lease Contact for pricing
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Lehigh Plaza

8212-8270 Lehigh Avenue, Morton Grove, IL
Property

Industrial

121,448 SF
Availability

2 Spaces

17,420 SF
Year Built

1979
For Lease Contact for pricing
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8338 Austin Avenue

8338 Austin Avenue, Morton Grove, IL
Property

Industrial

152,000 SF
Availability

1 Space

34,940 SF
Year Built

1956
For Lease

$11.95/SF/YR
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Dempster Commons

6015-6049 Dempster Street, Morton Grove, IL
Property

Retail

16,550 SF
For Sale

$1,750,000
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Oakton Plaza I

6300-6380 Oakton Street, Morton Grove, IL
Property

Industrial

88,039 SF
Availability

2 Spaces

8,730 SF
Year Built

1972
For Lease Contact for pricing
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Sawmill Station Shopping Center - Expansion

6763 Dempster Street, Morton Grove, IL
Property

Retail

37,000 SF
For Sale Contact for pricing
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8150 Lehigh Avenue

8150 Lehigh Avenue, Morton Grove, IL
Property

Industrial

28,547 SF
Availability

1 Space

16,283 SF
Year Built

1989
For Lease

$8.50/SF/YR
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Sawmill Station Shopping Center - Expansion

6763 Dempster Street, Morton Grove, IL
Property

Retail

37,000 SF
Availability

1 Space

37,000 SF
For Lease Contact for pricing
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26,316 SF Available for Lease in Morton Grove

8270 Austin Ave, Morton Grove, IL
Property

Industrial
Availability

1 Space

26,316 SF
For Lease Contact for pricing
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7921 Lehigh Crossing

7921 Lehigh Crossing, Morton Grove, Victor, NY
Property

VacantLand

5.02 Acre
Availability

1 Space

5.02 Acre
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 Morton Grove commercial real estate market incorporates 143,961 square feet of office space across 2 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 Morton Grove commercial real estate market includes 94,000 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 Morton Grove market, there is a total of 449,681 square feet of industrial property.

The listing inventory in Morton Grove 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 Morton Grove is represented by Industrial space, which accounts for 94,515 square feet of available listings. Office space available in Morton Grove adds up to 70,909 square feet.

Meanwhile, most of the listings of commercial property for sale in Morton Grove 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 Morton Grove is $9.15 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 Morton Grove 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 Morton Grove, 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 $14 per square foot.

The average size of a commercial property in Morton Grove 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 Morton Grove, the average size of an office property is 143,961 square feet.
Retail properties here incorporate an average of 31,334 square feet.
Industrial space in Morton Grove is in buildings that are, on average 112,421 square feet in size.

Morton Grove, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Morton Grove currently add up to 425,495 square feet. The market offers 2 active office listing(s), which amount to 70,909 square feet and account for 18% of commercial spaces on the market. Local retail availability includes 41,400 square feet across 2 retail space(s). Industrial space for rent opportunities in Morton Grove amount to 94,515 square feet across a total of 6 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	2	70,909
Retail	2	41,400
Industrial	6	94,515
Other	1	218,671

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 Morton Grove, IL. Currently, there is 53,550 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Retail	2	53,550

Morton Grove, IL Commercial Real Estate for Lease and Sale

North Grove Corporate Park - 8120-8140 Lehigh Avenue & 8125-8145 River Drive

Oakton Plaza II

Lehigh Plaza

8338 Austin Avenue

Dempster Commons

Oakton Plaza I

Sawmill Station Shopping Center - Expansion

8150 Lehigh Avenue

Sawmill Station Shopping Center - Expansion

26,316 SF Available for Lease in Morton Grove

7921 Lehigh Crossing

Frequently Asked Questions

Morton Grove, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Morton Grove, 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 Morton Grove, IL?

What factors affect the price of commercial real estate in Morton Grove, IL?

What is the average rent for commercial space in Morton Grove, IL?

What are the best areas for commercial real estate in Morton Grove, 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 Morton Grove, IL?

Morton Grove, 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