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352 Commercial Real Estate Listings in Elk Grove Village, IL

Elk Grove Village, IL Commercial Real Estate

There are currently 352 commercial listings available in Elk Grove Village, IL. These listings include 84 commercial spaces that encompass a total of 2,225,002 square feet. Available commercial spaces in Elk Grove Village, IL range in size from 320 square feet to 260,000 square feet. A total of 285 off-market commercial properties located in Elk Grove Village, IL are also available for research.

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Elk Grove Village, IL Commercial Real Estate Market Overview

Location Photo

Located 20 miles northwest of Chicago along the Golden Corridor, this city is an unassuming global business destination. Commercial real estate in Elk Grove Village (EGV) includes the largest consolidated industrial park in the United States, which encompasses more than 62 million square feet of industrial space. A location at the EGV Business Park comes with fast access to domestic and global freight networks, as well as a diverse, talent-ready hiring network.

Bordering both the city of Chicago and O’Hare International Airport, availability of industrial property here is quite limited, as businesses in the area naturally compete for commercial space adjacent to O’Hare. Even so, through business-friendly policies and incentives — such as tax credit programs, industrial revenue bonds, workforce training programs and property tax abatements — Elk Grove Village has proactively and consistently created value for its business residents by investing in its business infrastructure.

Elk Grove Village, IL Commercial Inventory Breakdown

In 2022 the Elk Grove Village, IL commercial real estate market totaled 1,377,500 square feet of office spaces, 304,743 square feet of office spaces with retail, and 25,336,368 square feet of industrial space.

Office Spaces

Total: 1,377,500 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 170,030 SqFt 12.34% of total office
100k to 500k SqFt 1,207,470 SqFt 87.66% of total office
By class:
Class A 684,818 SqFt 49.71% of total office
Class B 590,352 SqFt 42.86% of total office
Class C 102,330 SqFt 7.43% of total office


Class A office space holds a 49.71% share of the overall Elk Grove Village, IL office market, while Class B office assets make up approximately 42.86%.

Industrial

Total: 25,336,368 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 5,852,238 SqFt 23.1% of total industrial
100k to 500k SqFt 16,295,602 SqFt 64.32% of total industrial
500k to 1M SqFt 3,188,528 SqFt 12.58% of total industrial
By class:
Class A 6,450,073 SqFt 25.46% of total industrial
Class B 18,678,395 SqFt 73.72% of total industrial
There are 16,295,602 square feet of commercial real estate properties between 100k to 500k square feet, representing 64.32% of the Elk Grove Village, IL industrial inventory.

Office Spaces with Retail

Total: 304,743 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 157,447 SqFt 51.67% of total office with retail
100k to 500k SqFt 147,296 SqFt 48.33% of total office with retail

Elk Grove Village, IL Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Elk Grove Village, IL Office 10 124,337
Elk Grove Village, IL Retail 8 78,074
Elk Grove Village, IL Industrial 47 1,989,715
Elk Grove Village, IL Other 62 2,192,126
Ofice Icon

10

Office

Industrial Icon

47

Industrial

Retail Icon

8

Retail

Current local active listing encompass 4,384,252 square feet of commercial space for lease in Elk Grove Village. There are 10 active office listings, which amount to 124,337 square feet and account for 7% of commercial spaces on the market. Local retail availability includes 78,074 square feet across 8 listings. Current industrial offerings on the market amount to 1,989,715 square feet across a total of 47.

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