Phoenix, IL Commercial Real Estate for Lease and Sale

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

Phoenix Apartments

611 E 151st St, Phoenix, IL
Property

Multi-Family

8,400 SF
Year Built

1968
For Sale

$895,000
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Delivery July 2024! 14,000 SF Truck Maintenance on 10 Acres

15101 Commercial Avenue, Harvey, IL
Property

Industrial

14,000 SF
Availability

1 Space

14,000 SF
Year Built

2024
For Lease Contact for pricing
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9+ Acres Industrial for Trucks

15900 Van Drunen Rd, South Holland, IL
Property

VacantLand
For Sale

$1,250,000
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Retail Space w 9 Apartments & Warehouse & Fenced Yard

229 E 153rd St, Harvey, IL
Property

Multi-Family

20,020 SF
Year Built

1959
For Sale

$295,000
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16030 Suntone

16030 Suntone Drive, South Holland, IL
Property

Industrial

7,200 SF
For Sale

$375,000
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174 E 154th St

174 E 154th St, Harvey, IL
Property

Office

22,004 SF
Availability

5 Spaces

11,047 SF
For Lease

$15.00/SF/YR
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250 Midwest Center

250 W 162nd Street, South Holland, IL
Property

Retail

7,556 SF
Availability

3 Spaces

3,935 SF
For Lease

$3,000.00 - $3,437.50/MO
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TURNKEY RESTAURANT OR REDEVELOPMENT SITE

14719 Halsted St, Harvey, IL
Property

Retail

5,700 SF
Year Built

1985
For Sale

$499,000
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Freestanding Retail Building with Drive-Thru

200 W 162nd St, South Holland, IL
Property

Retail

3,882 SF
Year Built

2003
For Sale

$875,000
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LaSalle Park

16113 S LaSalle Street, South Holland, IL
Property

Office

19,841 SF
Availability

2 Spaces

2,198 SF
Year Built

2005
For Lease

$2,620.00 - $2,875.00/MO
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Auto Sales Lot & Auto Repair

127 West 162nd Street, South Holland, IL
Property

Retail

3,200 SF
Year Built

2000
For Sale

$799,000
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15300 Lexington

15300 Lexington Avenue, Harvey, IL
Property

Office

6,121 SF
Year Built

1962
For Sale

$219,900
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16052 South Park Avenue

16052 South Park Avenue, South Holland, IL
Property

VacantLand
For Sale

$499,000
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Warehouse | Office | Residential and Yard for Sale in SBA HubZone and Incentives

16030 Park Avenue (16022 & 16029 Loomis Avenue), Harvey, IL
Property

Industrial

26,000 SF
For Sale

$1,295,000
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Heritage Center

401 E 162nd Street, South Holland, IL
Property

Office

16,238 SF
Availability

3 Spaces

3,486 SF
Year Built

1985
For Lease

$30.00/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.

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.
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 Phoenix 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 Phoenix is represented by Office space.

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 Phoenix, 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.

The average size of a commercial property in Phoenix depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build.

Phoenix, IL Commercial Real Estate for Lease and Sale

Phoenix Apartments

Delivery July 2024! 14,000 SF Truck Maintenance on 10 Acres

9+ Acres Industrial for Trucks

Retail Space w 9 Apartments & Warehouse & Fenced Yard

16030 Suntone

174 E 154th St

250 Midwest Center

TURNKEY RESTAURANT OR REDEVELOPMENT SITE

Freestanding Retail Building with Drive-Thru

LaSalle Park

Auto Sales Lot & Auto Repair

15300 Lexington

16052 South Park Avenue

Warehouse | Office | Residential and Yard for Sale in SBA HubZone and Incentives

Heritage Center

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Phoenix, 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 Phoenix, IL?

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

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

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