North Chicago, IL Commercial Real Estate for Lease and Sale

Explore 15 listings of North Chicago commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

847 Martin Luther King Junior Drive

847 Martin Luther King Junior Drive, North Chicago, IL
Property

Industrial

138,000 SF
Availability

1 Space

138,000 SF
Year Built

2026
For Lease Contact for pricing
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2450 Buckley Rd

2450 Buckley Rd, North Chicago, IL
Property

Land

68,460 SF
Availability

1 Space

68,460 SF
For Lease

$5.50/SF/YR
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3200 North Skokie Hwy

3200 North Skokie Hwy, North Chicago, IL
Property

Industrial

395,064 SF
Availability

1 Space

395,064 SF
Year Built

2003
For Lease Contact for pricing
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2900 Skokie Highway

2900 Skokie Highway, North Chicago, IL
Property

Industrial

52,580 SF
Availability

1 Space

2,880 SF
For Lease

$8.50/SF/YR
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Innovation Research Park at Rosalind Franklin University

3333 North Green Bay Road, North Chicago, IL
Property

Office

100,000 SF
Availability

4 Spaces

23,498 SF
Year Built

2019
For Lease

$75.00/SF/YR
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23rd Place

23rd Place, North Chicago, IL
Property

VacantLand

129,373 SF
For Sale

$646,865
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23rd Pl.

23rd Pl., North Chicago, IL
Property

VacantLand

3,941 SF
Year Built

1924
For Sale

$646,865
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2525B Sherman Ave

2525B Sherman Ave, North Chicago, IL
Property

Retail

7,574 SF
Availability

1 Space

7,574 SF
For Lease Contact for pricing
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2501 Martin Luther King JR Dr

2501 Martin Luther King JR Dr, North Chicago, IL
Property

Retail

13,068 SF
Availability

1 Space

2,315 SF
Year Built

1969
For Lease Contact for pricing
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64,300 SF and 2.82 Acres of Land Available for Sale in Waukegan

1445 11th St, Waukegan, IL
Property

Industrial

212,530 SF
Year Built

1964
For Sale Contact for pricing
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64,300 SF and 2.82 Acres of Land Available for Sale in Waukegan

1507 10th St, Waukegan, IL
Property

Other
For Sale Contact for pricing
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2135-2251 Belvidere Rd, Waukegan, IL

2135-2251 Belvidere Rd, Waukegan, IL
Property

Retail

415,532 SF
Availability

21 Spaces

415,532 SF
For Lease

$10.00 - $40.00/SF/YR
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2253-2309 Belvidere Road

2253 Belvidere Road, Waukegan, IL
Property

Flex Space

696,960 SF
Availability

1 Space

696,960 SF
Year Built

1967
For Lease Contact for pricing
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2253-2309 Belvidere Road

2253 Belvidere Road, Waukegan, IL
Property

Flex Space

696,960 SF
Year Built

1967
For Sale

$6.75/SF
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1696 S Lakeside Dr

1696 S Lakeside Dr, Waukegan, IL
Property

Industrial

45,534 SF
Year Built

2004
For Sale 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 North Chicago commercial real estate market incorporates 100,000 square feet of office space across 1 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 North Chicago commercial real estate market includes 20,642 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 North Chicago market, there is a total of 585,644 square feet of industrial property.

The listing inventory in North 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 North Chicago is represented by Industrial space, which accounts for 535,944 square feet of available listings. Office space available in North Chicago adds up to 23,498 square feet.

Meanwhile, most of the listings of commercial property for sale in North Chicago 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.

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 North Chicago, 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 $75 per square foot.

The average size of a commercial property in North 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 North Chicago, the average size of an office property is 100,000 square feet.
Retail properties here incorporate an average of 10,321 square feet.
Industrial space in North Chicago is in buildings that are, on average 195,215 square feet in size.

North Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in North Chicago currently add up to 637,791 square feet. The market offers 1 active office listing(s), which amount to 23,498 square feet and account for 14% of commercial spaces on the market. Local retail availability includes 9,889 square feet across 2 retail space(s). Industrial space for rent opportunities in North Chicago amount to 535,944 square feet across a total of 3 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	1	23,498
Retail	2	9,889
Industrial	3	535,944
Other	1	68,460

North Chicago, IL Commercial Real Estate for Lease and Sale

847 Martin Luther King Junior Drive

2450 Buckley Rd

3200 North Skokie Hwy

2900 Skokie Highway

Innovation Research Park at Rosalind Franklin University

23rd Place

23rd Pl.

2525B Sherman Ave

2501 Martin Luther King JR Dr

64,300 SF and 2.82 Acres of Land Available for Sale in Waukegan

64,300 SF and 2.82 Acres of Land Available for Sale in Waukegan

2135-2251 Belvidere Rd, Waukegan, IL

2253-2309 Belvidere Road

2253-2309 Belvidere Road

1696 S Lakeside Dr

Frequently Asked Questions

North Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

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North 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 North Chicago, IL?

What factors affect the price of commercial real estate in North Chicago, IL?

What are the best areas for commercial real estate in North 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 North Chicago, IL?

North Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Other Popular Searches

Popular Coworking Searches

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Popular Retail Searches

Popular Industrial Searches

About us