Elk Grove Village, IL Commercial Real Estate for Lease and Sale

Explore 211 listings of Elk Grove Village commercial real estate for lease and for sale to find the best space for your business.

CRE Market Stats

610 Meacham Road

600 Meacham Rd, Elk Grove Village, IL
For Lease

$8.00 - $18.00/SF/YR
Property

Retail

135,000 SF
Availability

7 Spaces

51,150 SF
Year Built

1995
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Charlestown

286 Devon Ave, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Retail

7,000 SF
Availability Contact for availability
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Prologis Elk Grove Industrial Park - 2301 Lively Blvd

2301 Lively Blvd, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

95,655 SF
Availability

1 Space

95,655 SF
Year Built

1972
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1301-1325 Morse Ave.

1301-1325 Morse Ave., Elk Grove Village, IL
For Lease

$9.25/SF/YR
Property

Industrial

80,314 SF
Availability

1 Space

40,000 SF
Year Built

1960
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2475 - 2485 Devon Avenue

2475 - 2485 Devon Avenue, Elk Grove Village, IL
For Lease

$12.25/SF/YR
Property

Industrial

19,200 SF
Availability

1 Space

3,000 SF
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1281 Brummel Avenue

1281 Brummel Avenue, Elk Grove Village, IL
For Lease

$11.00/SF/YR
Property

Industrial

5,675 SF
Availability

1 Space

2,300 SF
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350-360 Lively Blvd.

350-360 Lively Blvd., Elk Grove Village, IL
For Lease

$12.95/SF/YR
Property

Industrial

17,950 SF
Availability

2 Spaces

7,200 SF
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1800-1872 Brummel Drive

1800-1872 Brummel Drive, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

266,989 SF
Availability

1 Space

40,080 SF
Year Built

1977
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6,794 SF Available for Lease or Sale in Elk Grove Village

1505 Pratt Blvd, Elk Grove Village, IL
For Sale

Contact for pricing
Property

Industrial

6,794 SF
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Prologis Elk Grove Industrial Park - 1100 & 1200-1290 Thorndale Avenue

1200 Thorndale Avenue, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

168,215 SF
Availability

1 Space

28,975 SF
Year Built

1978
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Elk Grove Technology Park - 701 Innovation Drive

701 Innovation Drive, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

122,510 SF
Availability

1 Space

122,510 SF
Year Built

2019
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25 Northwest Point Bldg

25 Northwest Point Blvd, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Office
Availability

1 Space

18,642 SF
Year Built

1989
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Centre 53

1047-1069 Rohlwing Rd, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Retail

12,000 SF
Availability Contact for availability
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25 TURNER AVE

25 Turner Avenue, Elk Grove Village, IL
For Sale

$899,000
Property

Other

16,521 SF
Year Built

1973
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801 Chase Avenue

801 Chase Avenue, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

89,965 SF
Availability

1 Space

21,627 SF
Year Built

1982
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110-124 Turner Avenue

110-124 Turner Avenue, Elk Grove Village, IL
For Sale

$999,000
Property

Retail

6,880 SF
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110-124 Turner Avenue

110-124 Turner Avenue, Elk Grove Village, IL
For Lease

$14.00/SF/YR
Property

Retail

6,880 SF
Availability

2 Spaces

2,240 SF
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Woodland Square Office Center - Buildings I - IV

901 Biesterfield Road, Elk Grove Village, IL
For Lease

$27.50/SF/YR
Property

Office

52,126 SF
Availability

3 Spaces

2,488 SF
Year Built

1988
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870-898 Cambridge Drive

870-898 Cambridge Drive, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

42,725 SF
Availability

1 Space

4,725 SF
Year Built

1979
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6,794 SF Available for Lease or Sale in Elk Grove Village

1505 Pratt Blvd, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial
Availability

1 Space

6,794 SF
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Woodland Square Office Center - Building V

901 Biesterfield Road - Building V, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Office

12,000 SF
Availability

1 Space

12,000 SF
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160 Scott Street

160 Scott Street, Elk Grove Village, IL
For Lease

$9.00/SF/YR
Property

Industrial

23,000 SF
Availability

1 Space

23,000 SF
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312,482 SF Planned Construction Available for Lease in Elk Grove Village, IL

1800 Howard St, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

312,482 SF
Availability

1 Space

312,482 SF
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200 Scott Street

200 Scott Street, Elk Grove Village, IL
For Lease

$9.00/SF/YR
Property

Industrial

18,745 SF
Availability

1 Space

18,745 SF
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Prologis Elk Grove Business Park 38

2781 Katherine Way, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Industrial

108,168 SF
Availability

1 Space

49,583 SF
Year Built

1980
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CRL / Shawnway Plaza

640-674 Meacham Road, Elk Grove Village, IL
For Lease

Contact for pricing
Property

Retail

21,520 SF
Availability

2 Spaces

2,000 SF
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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 Elk Grove Village commercial real estate market incorporates 1,312,700 square feet of office space across 17 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 Elk Grove Village commercial real estate market includes 764,612 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 Elk Grove Village market, there is a total of 22,278,248 square feet of industrial property.

The listing inventory in Elk Grove Village 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 Elk Grove Village is represented by Industrial space, which accounts for 2,113,415 square feet of available listings. Retail space available in Elk Grove Village adds up to 81,808 square feet.

Meanwhile, most of the listings of commercial property for sale in Elk Grove Village are in the Industrial 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 Elk Grove Village is $12.86 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 Elk Grove Village 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.

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 Elk Grove Village, 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 $18 per square foot. In particular, the property type commanding the highest lease rates in Elk Grove Village was Retail space.

Conversely, the highest sale price last year was $4,350,000 that is located at 101 NW Point Blvd.

The average size of a commercial property in Elk Grove Village 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 Elk Grove Village, the average size of an office property is 93,764 square feet.
Retail properties here incorporate an average of 47,788 square feet.
Industrial space in Elk Grove Village is in buildings that are, on average 140,115 square feet in size.

Elk Grove Village, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Elk Grove Village currently add up to 2,237,503 square feet. The market offers 6 active office listing(s), which amount to 42,280 square feet and account for 9% of commercial spaces on the market. Local retail availability includes 81,808 square feet across 10 retail space(s). Industrial space for rent opportunities in Elk Grove Village amount to 2,113,415 square feet across a total of 48 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	6	42,280
Retail	10	81,808
Industrial	48	2,113,415

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 Elk Grove Village, IL. Currently, there is 212,309 square feet of commercial property for sale here , which includes , 2 retail investment opportunity listing(s) , and 6 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Retail	2	9,693
Industrial	6	186,095
Other	1	16,521

Elk Grove Village, IL Commercial Real Estate Market Overview

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 Real Estate for Lease and Sale

610 Meacham Road

Charlestown

Prologis Elk Grove Industrial Park - 2301 Lively Blvd

1301-1325 Morse Ave.

2475 - 2485 Devon Avenue

1281 Brummel Avenue

350-360 Lively Blvd.

1800-1872 Brummel Drive

6,794 SF Available for Lease or Sale in Elk Grove Village

Prologis Elk Grove Industrial Park - 1100 & 1200-1290 Thorndale Avenue

Elk Grove Technology Park - 701 Innovation Drive

25 Northwest Point Bldg

Centre 53

25 TURNER AVE

801 Chase Avenue

110-124 Turner Avenue

110-124 Turner Avenue

Woodland Square Office Center - Buildings I - IV

870-898 Cambridge Drive

6,794 SF Available for Lease or Sale in Elk Grove Village

Woodland Square Office Center - Building V

160 Scott Street

312,482 SF Planned Construction Available for Lease in Elk Grove Village, IL

200 Scott Street

Prologis Elk Grove Business Park 38

CRL / Shawnway Plaza

Frequently Asked Questions

Elk Grove Village, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Elk Grove Village, IL Commercial Real Estate Market Overview

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Elk Grove Village, 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 Elk Grove Village, IL?

What factors affect the price of commercial real estate in Elk Grove Village, IL?

What is the average rent for commercial space in Elk Grove Village, IL?

What are the best areas for commercial real estate in Elk Grove Village, 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 Elk Grove Village, IL?

Elk Grove Village, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Elk Grove Village, IL Commercial Real Estate Market Overview

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

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About us