What are the different types of commercial real estate?

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 Carol Stream commercial real estate market incorporates 297,483 square feet of office space across 8 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 Carol Stream commercial real estate market includes 966,166 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 Carol Stream market, there is a total of 15,487,221 square feet of industrial property.

What types of commercial real estate are available in Carol Stream, IL?

The largest share of commercial real estate space for lease in Carol Stream is represented by Industrial space , which accounts for 1,042,440 square feet of available listings. Retail space available in Carol Stream adds up to 120,401 square feet.

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

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.

What is the average rent for commercial space in Carol Stream, IL?

The average rent for commercial real estate space listed for lease in Carol Stream is $13.53 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 Carol Stream 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.

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

The best choice of location for commercial space depends on the factors that are most relevant to your business. 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 Carol Stream, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Carol Stream is in the Industrial District neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Industrial District area . Meanwhile, retail space opportunities are most abundant in the Industrial District submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Industrial District . 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.

How do I find a good commercial real estate broker?

Whether or not 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!

What is the most profitable commercial real estate?

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 $15 per square foot. In particular, the property type commanding the highest lease rates in Carol Stream was Office space.

What is the average size of a commercial property in Carol Stream, IL?

The average size of a commercial property in Carol Stream 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 Carol Stream, the average size of an office property is 37,185 square feet. Retail properties here incorporate an average of 80,514 square feet. Industrial space in Carol Stream is in buildings that are, on average 191,200 square feet in size.

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102 Commercial Real Estate Listings in Carol Stream, IL

CRE Market Stats

Geneva Crossing

335-355 Geneva Rd, Industrial District, Carol Stream, IL
For Lease

$22.00/SF/YR
Property

Office

15,134 SF
Availability

3 Spaces

4,087 SF
Year Built

1997
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Carol Stream III

370 Kimberly Drive, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Industrial

304,624 SF
Availability

1 Space

56,469 SF
Year Built

2002
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455 Kehoe Boulevard

455 Kehoe Boulevard, Industrial District, Carol Stream, IL
For Lease

$14.00/SF/YR
Property

Office

34,536 SF
Availability

8 Spaces

16,299 SF
Year Built

1979
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250 South Gary Avenue

250 South Gary Avenue, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Industrial

439,789 SF
Availability

1 Space

439,421 SF
Year Built

1987
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Prime Center

371-387 N Gary Ave, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Retail

10,385 SF
Availability Contact for availability
Year Built

1975
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1175-1231 North Gary Ave,

1175-1231 North Gary Ave,, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Retail

105,887 SF
Availability

1 Space

1,816 SF
Year Built

1992
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455 Kehoe Boulevard

455 Kehoe Boulevard, Industrial District, Carol Stream, IL
For Sale

$1,700,000
Property

Office

34,536 SF
Year Built

1979
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351 S Main Pl

351 S Main Pl, Industrial District, Carol Stream, IL
For Lease

$14.75/SF/YR
Property

Office

16,600 SF
Availability

2 Spaces

7,794 SF
Year Built

1990
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Carol Point Business Center - Carol Stream IV

815 Kimberly Drive, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Industrial

409,000 SF
Availability

1 Space

188,142 SF
Year Built

1995
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Swc East North Ave & Schmale Rd

Swc East North Ave & Schmale Rd, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Retail

108,900 SF
Availability

1 Space

108,900 SF
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350 Randy Rd

350 Randy Rd, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Industrial

25,200 SF
Availability

1 Space

6,300 SF
Year Built

1974
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250 N. Schmale Rd.

250 N. Schmale Rd., Industrial District, Carol Stream, IL
For Lease

$40,000.00/MO
Property

Industrial

11,610 SF
Availability

1 Space

11,610 SF
Year Built

2020
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Geneva Plaza

891 East Geneva Road, Community Park, Carol Stream, IL
For Lease

Contact for pricing
Property

Retail

52,600 SF
Availability

1 Space

3,000 SF
Year Built

1976
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301 E St Charles Rd.

301 E. St. Charles Rd, Industrial District, Carol Stream, IL
For Sale

$1,350,000
Property

Industrial

8,600 SF
Year Built

1973
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381-383 Randy Road

381 Randy Road, Industrial District, Carol Stream, IL
For Lease

$8.95/SF/YR
Property

Industrial

30,847 SF
Availability

1 Space

15,000 SF
Year Built

1979
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250 N. Schmale Rd.

250 N. Schmale Rd., Industrial District, Carol Stream, IL
For Sale

$6,995,000
Property

Industrial

11,610 SF
Year Built

2020
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450 S Schmale Road

450 S. Schmale Road , Industrial District, Carol Stream, IL
For Sale

Contact for pricing
Property

Retail
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160 East Fullerton Avenue

160 East Fullerton Avenue, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Industrial

46,284 SF
Availability

1 Space

46,986 SF
Year Built

2000
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Carol Stream IV

815-955 Kimberly Dr., Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Industrial

406,606 SF
Availability

1 Space

45,000 SF
Year Built

1994
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480 Randy Rd

480 Randy Rd, Industrial District, Carol Stream, IL
For Lease

$20.00/SF/YR
Property

Industrial

12,144 SF
Availability

1 Space

14,375 SF
Year Built

1981
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450 S Schmale Road

450 S Schmale Road, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Retail

6,685 SF
Availability

1 Space

6,685 SF
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301-327 Village Drive

301 Village Drive, Industrial District, Carol Stream, IL
For Lease

Contact for pricing
Property

Industrial

32,776 SF
Availability

1 Space

2,358 SF
Year Built

1979
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370 Randy Road

370 Randy Road, Industrial District, Carol Stream, IL
For Sale

$2,300,000
Property

Industrial

34,121 SF
Year Built

1974
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Off Market
343-415 East Lies Road

343 East Lies Road, Industrial District, Carol Stream, IL
Property

Industrial

540,100 SF
Year Built

1998
Off Market
455 East North Avenue

455 East North Avenue, Industrial District, Carol Stream, IL
Property

Industrial

120,000 SF
Year Built

1962
Off Market
160 East Elk Trail

160 East Elk Trail, Industrial District, Carol Stream, IL
Property

Industrial

81,490 SF
Year Built

1998