Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,624 listings of Chicago commercial real estate to find the best space for your business.

1857 West North Avenue

1857 West North Avenue, Wicker Park, Chicago, IL
Property

Retail

1,872 SF
Availability

1 Space

1,872 SF
For Lease

$45.00/SF/YR
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198 E Delaware Place

198 E Delaware Place, Streeterville, Chicago, IL
Property

Retail
Availability

1 Space

3,500 SF
For Lease Contact for pricing
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5100 W 73rd Street

5100 West 73rd Street, Bedford Park, IL
Property

Industrial

108,546 SF
Availability

1 Space

108,546 SF
Year Built

1980
For Lease Contact for pricing
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2641 West Division Street

2641 West Division Street, Humboldt Park, Chicago, IL
Property

Office

1,700 SF
Availability Contact for availability

For Lease Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
6219 N. Milwaukee - 1,800 SF Commercial Building

6219 N. Milwaukee Avenue, Norwood Park East, Chicago, IL
Property

Office

1,800 SF
Availability

1 Space

1,800 SF
Year Built

1955
For Lease

$22.00/SF/YR
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1665 W Fullerton Ave

1665 W Fullerton Ave, Sheffield, Chicago, IL
Property

VacantLand

5,250 SF
Year Built

1893
For Sale

$1,125,000
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448 North LaSalle Street

448 North LaSalle Street, River North, Chicago, IL
Property

Office

174,599 SF
Availability

9 Spaces

135,567 SF
Year Built

2021
For Lease Contact for pricing
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N Bosworth Portfolio

1636 & 1646-1656 North Bosworth Avenue, Bucktown, Chicago, IL
Property

Multi-Family

33,900 SF
For Sale

$8,495,000
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Verso - 311 West Huron Street

311 West Huron Street, River North, Chicago, IL
Property

Office

153,611 SF
Availability

2 Spaces

8,112 SF
Year Built

2024
For Lease

$50.00/SF/YR
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101 E 51st

101 E 51st, Washington Park, Chicago, IL
Property

Retail

7,833 SF
Year Built

2005
For Sale

$1,200,000
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17 North Wabash

17 N wabash, Downtown Chicago, Chicago, IL
Property

Office

66,600 SF
Availability

6 Spaces

13,124 SF
Year Built

1900
For Lease

$23.00 - $42.00/SF/YR
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3821 W Grand Ave

3821 W Grand Ave, Humboldt Park, Chicago, IL
Property

VacantLand

1,300 SF
Year Built

2022
For Sale

Subject To Offer
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18 North Wabash Avenue

18 North Wabash Avenue, Chicago Loop, Chicago, IL
Property

Retail

5,400 SF
Availability

1 Space

5,400 SF
For Lease

$50.00/SF/YR
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180 North Michigan Avenue

180 North Michigan Avenue, Chicago Loop, Chicago, IL
Property

Office

235,400 SF
Availability

67 Spaces

121,943 SF
Year Built

1927
For Lease

$27.00 - $31.00/SF/YR
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901 West Jackson Blvd

901 West Jackson Blvd, Near West Side, Chicago, IL
Property

Office

54,742 SF
Availability

5 Spaces

15,887 SF
Year Built

1904
For Lease

$25.00 - $38.00/SF/YR
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Elston Avenue, Addison Street, & Kedzie Avenue

Elston Avenue, Addison Street, & Kedzie Avenue, Avondale, Chicago, IL
Property

Retail

150,000 SF
Availability

2 Spaces

10,475 SF
For Lease Contact for pricing
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SWC of Sheridan Road and Irving Park Road

3956 N Sheridan, Lakeview, Chicago, IL
Property

Retail

10,355 SF
Availability

1 Space

3,310 SF
For Lease Contact for pricing
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444 North Michigan Avenue

444 North Michigan Avenue, Near North Side Chicago, Chicago, IL
Property

Office

517,115 SF
Availability

34 Spaces

218,634 SF
Year Built

1976
For Lease Contact for pricing
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7555 N California Ave

7555 N California Ave, West Rogers Park, Chicago, IL
Property

Restaurant

1,640 SF
Year Built

2012
For Sale

$1,800,000
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4704 N. Kenmore Ave Unit C | Lease

4704 North Kenmore Avenue, Uptown Chicago, Chicago, IL
Property

Office
Availability

1 Space

1,200 SF
For Lease

$25.00/SF/YR
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7400 S. Artesian Avenue

7400 S. Artesian Avenue, Marquette Park, Chicago, IL
Property

Multi-Family

7,400 SF
For Sale

$700,000
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East Lakeview Street Retail/Café Space For LEASE

3500 N. Halsted Street, Lakeview, Chicago, IL
Property

Retail

1,686 SF
Availability

1 Space

1,686 SF
Year Built

2004
For Lease

$38.00/SF/YR
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4520 W. North Avenue

4520 W. North Avenue, Hermosa, Chicago, IL
Property

Industrial

10,375 SF
Availability

1 Space

4,375 SF
For Lease Contact for pricing
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O'Hare Plaza - 8755 West Higgins

8755 West Higgins Road, O'Hare, Chicago, IL
Property

Office

232,944 SF
Availability

6 Spaces

40,821 SF
Year Built

1987
For Lease

$20.00 - $22.00/SF/YR
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8235 South Kedzie Avenue

8235 South Kedzie Avenue, Wrightwood, Chicago, IL
Property

Office

16,400 SF
Availability

1 Space

1,100 SF
For Lease

$24.00/SF/YR
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8600 S Pulaski Rd

8600 S Pulaski Rd, Scottsdale, Chicago, IL
Property

Retail

29,336 SF
Availability

2 Spaces

6,100 SF
For Lease

$25.00/SF/YR
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6557 S Minerva - 10-Unit Apartment Building in East Woodlawn

6557 S Minerva Ave, Woodlawn, Chicago, IL
Property

Multi-Family

15,000 SF
Year Built

1902
For Sale

$1,650,000
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1331 S Michigan Avenue

1331 S Michigan Avenue, South Loop, Chicago, IL
Property

Office

11,700 SF
For Sale

$1,499,000
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Woodlawn Retail Center

1500 East 63rd Street, Woodlawn, Chicago, IL
Property

Retail
Availability

1 Space

55,555 SF
For Lease Contact for pricing
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Ravenswood Center Retail | Office Suites Available

1754-1768 West Devon Avenue, Rogers Park, Chicago, IL
Property

Retail

10,242 SF
Availability

1 Space

1,350 SF
For Lease

$2,500.00/MO
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3621-3651 North Western Avenue

3621 N Western Ave, Saint Ben's, Chicago, IL
Property

Retail

18,097 SF
Availability

1 Space

3,540 SF
For Lease

$55.00/SF/YR
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Restaurant

1723 South Ashland Avenue, Pilsen, Chicago, IL
Property

Retail

850 SF
Availability

1 Space

1,000 SF
Year Built

1930
For Lease

$36.00/SF/YR
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Retail / Office / Medical Office Available for Lease or Sale

1701 W Belmont Ave & 3152 N Paulina St, Lakeview, Chicago, IL
Property

Retail

1,800 SF
For Sale

$479,000
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Ultra Metric Tool

2950-2958 N. Leavitt St., Roscoe Village, Chicago, IL
Property

Industrial

13,059 SF
Year Built

1990
For Sale

$1,890,000
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222 North LaSalle Street

222 North LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

960,964 SF
Availability

14 Spaces

256,530 SF
Year Built

1927
For Lease

$25.00 - $51.00/SF/YR
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62nd & Western

6153 S Western Ave, Chicago Lawn, Chicago, IL
Property

VacantLand
For Sale

Subject To Offer
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60 East Jackson Boulevard

60 East Jackson Boulevard, Downtown Chicago, Chicago, IL
Property

Retail
Availability

1 Space

1,308 SF
For Lease Contact for pricing
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3420 N Sheffield Ave

3420 N Sheffield Ave, Lakeview, Chicago, IL
Property

Multi-Family

16,045 SF
For Sale Contact for pricing
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4730 North Kimball Avenue

4730 North Kimball Avenue, Albany Park, Chicago, IL
Property

Mixed Use

65,510 SF
Availability

2 Spaces

5,517 SF
Year Built

2008
For Lease

$18.00 - $24.00/SF/YR
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Wicker Park
Regus
1200 North Ashland Avenue #500, Chicago, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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6217 N. Milwaukee - 1,600 SF Commercial Building

6217 N. Milwaukee Avenue, Norwood Park East, Chicago, IL
Property

Office

1,600 SF
Year Built

1955
For Sale

$159,000
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4428 N Elston Ave

4428 N Elston Ave, Mayfair, Chicago, IL
Property

Industrial

6,200 SF
Year Built

1915
For Sale

$775,000
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200 North LaSalle Street

200 North LaSalle Street, Chicago Loop, Chicago, IL
Property

Office

643,323 SF
Availability

4 Spaces

77,509 SF
Year Built

1985
For Lease Contact for pricing
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The Yards Plaza Outlot

2044 W 47th St, Back of the Yards, Chicago, IL
Property

Retail
Availability

1 Space

14,810 SF
Year Built

2010
For Lease Contact for pricing
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The Wrigley Building

400 North Michigan Avenue, Near North Side Chicago, Chicago, IL
Property

Office

472,639 SF
Availability

22 Spaces

100,633 SF
Year Built

1921
For Lease Contact for pricing
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600 West Chicago

600 West Chicago Avenue, Goose Island, Chicago, IL
Property

Office

1,650,000 SF
Availability

2 Spaces

325,413 SF
Year Built

2001
For Lease

$29.50/SF/YR
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The Jewelers Building

35 East Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

550,000 SF
Availability

20 Spaces

154,786 SF
Year Built

1927
For Lease Contact for pricing
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932 E 79th Street

932-944 E 79th Street, Greater Grand Crossing, Chicago, IL
Property

Multi-Family

17,450 SF
Year Built

1926
For Sale

$1,170,000
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Office Suite for Lease

2950 W Chicago Ave, Humboldt Park, Chicago, IL
Property

Office

42,000 SF
Availability

1 Space

1,122 SF
Year Built

1910
For Lease

$2,400.00/MO
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Five One Five North State

515 North State Street, Near North Side Chicago, Chicago, IL
Property

Office

664,158 SF
Availability

4 Spaces

66,254 SF
Year Built

1990
For Lease Contact for pricing
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The Mabel Exchange

5911-23 N. Clark St., Magnolia Glen, Chicago, IL
Property

Retail

49,147 SF
Availability

1 Space

11,476 SF
Year Built

1915
For Lease

$21.00/SF/YR
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3219 N. Clark St

3219 North Clark Street, Lakeview, Chicago, IL
Property

Retail

6,992 SF
Year Built

1925
For Sale

$2,250,000
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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 Chicago commercial real estate market incorporates 160,805,676 square feet of office space across 610 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. In Chicago, the coworking segment of the commercial real estate market incorporates about 92,939 square feet.
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 Chicago commercial real estate market includes 16,968,543 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 Chicago market, there is a total of 22,401,555 square feet of industrial property.

The listing inventory in 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 Chicago is represented by Office space, which accounts for 22,381,075 square feet of available listings. Industrial space available in Chicago adds up to 9,796,287 square feet.

Meanwhile, most of the listings of commercial property for sale in Chicago 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 Chicago is $24.76 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 Chicago 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’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $34.16 per square foot, industrial space in Chicago saw average rents of $13.91 per square foot.

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 Chicago, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Chicago is in the Chicago Loop neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Chicago Loop area.

Meanwhile, retail space opportunities are most abundant in the Chicago Loop submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in West Town.

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 $60 per square foot. In particular, the property type commanding the highest lease rates in Chicago was Retail space.

Conversely, the highest sale price last year was $96,500,000 that is located at 300 South Wacker Drive.

The average size of a commercial property in 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 Chicago, the average size of an office property is 301,135 square feet.
Retail properties here incorporate an average of 40,595 square feet.
Industrial space in Chicago is in buildings that are, on average 107,700 square feet in size.

Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Chicago currently add up to 40,546,569 square feet. The market offers 558 active office listing(s), which amount to 22,429,781 square feet and account for 45% of commercial spaces on the market. Local retail availability includes 3,772,288 square feet across 483 retail space(s). Industrial space for rent opportunities in Chicago amount to 9,904,874 square feet across a total of 162 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	558	22,429,781
Retail	483	3,772,288
Industrial	162	9,904,874
Other	33	4,439,626

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 Chicago, IL. Currently, there is 13,351,526 square feet of commercial property for sale here , which includes 54 office building(s) for sale , 100 retail investment opportunity listing(s) , and 89 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	54	3,988,923
Retail	100	998,391
Industrial	89	6,343,135
Other	148	2,021,077

Chicago, IL Commercial Real Estate Market Overview

Chicago boasts one of the most highly diversified economies in the U.S., combining a solid manufacturing base with its role as a financial, research and innovation center. The city is also a global distribution hub, ranking as the third-largest inter-modal port in the world, behind only Hong Kong and Singapore.

In particular, commercial real estate properties in Chicago host a flurry of aerospace, medical, logistics and retail companies. Household names in the food industry — such as Kraft Heinz, Ferrara Candy, US Foods and Quaker Oats — also have a strong presence here. The city has also created a welcoming environment for many startups, with the likes of Grubhub, Groupon, Basecamp and NowSecure among its success stories.

The Chicago Transit Authority (CTA) provides public transportation services through its fleet of buses, as well as its rapid transit elevated and subway system, commonly referred to as the “L.” Commuter transit is handled by Pace, Metra and Amtrak lines, while seven mainline and four auxiliary interstate highways pass through the city and its suburbs. Chicago is also served by O’Hare International Airport and Midway International Airport, with the nearby Gary/Chicago International Airport and Chicago Rockford International Airport as alternatives.

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 Chicago, IL?

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

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

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

Chicago, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Chicago, IL Commercial Real Estate Market Overview

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