Melrose Park, IL Commercial Real Estate for Lease - 13 Listings

1502 North 25th Avenue

1502 North 25th Avenue, Melrose Park, IL
Property

Industrial

139,300 SF
Availability

1 Space

52,319 SF
Year Built

2007
For Lease Contact for pricing
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187,063 SF New Speculative Construction Available for Lease in Melrose Park

2100 N 15th Ave, Melrose Park, IL
Property

Industrial

186,063 SF
Availability

1 Space

187,063 SF
For Lease Contact for pricing
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1225 W Lake St

1225 W Lake St, Melrose Park, IL
Property

Healthcare

300,000 SF
Availability Contact for availability
Year Built

1980
For Lease Contact for pricing
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4000 W. Lake Street

4000 W. Lake Street, Melrose Park, IL
Property

Industrial

24,908 SF
Availability

1 Space

25,000 SF
Year Built

1978
For Lease Contact for pricing
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2050 Janice Avenue

2050 Janice Avenue, Melrose Park, IL
Property

Industrial

32,368 SF
Availability

1 Space

32,368 SF
Year Built

2000
For Lease Contact for pricing
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150-152 N Railroad Ave

150-152 N Railroad Ave , Northlake, IL
Property

Industrial

40,590 SF
Availability

1 Space

22,406 SF
Year Built

1970
For Lease Contact for pricing
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1111 Superior Street

1111 Superior Street, Melrose Park, IL
Property

Office

87,483 SF
Availability

17 Spaces

48,366 SF
Year Built

1980
For Lease

$20.00/SF/YR
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1111 Superior Street

1111 Superior Street, Melrose Park, IL
Property

Unassigned

81,000 SF
Availability

32 Spaces

55,695 SF
Year Built

1991
For Lease

$24.00/SF/YR
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2099 North Mannheim Road

2099 North Mannheim Road, Melrose Park, IL
Property

Retail

116,914 SF
Availability

2 Spaces

16,100 SF
Year Built

1986
For Lease Contact for pricing
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Winston Plaza

1254 Winston Plaza, Melrose Park, IL
Property

Retail

467,916 SF
Availability

11 Spaces

121,850 SF
For Lease Contact for pricing
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120 W Lake Street

120 W Lake St, Northlake, IL
Property

Industrial

27,000 SF
Availability

1 Space

4,500 SF
For Lease

$12.00/SF/YR
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Former Autozone

1518 W. North Avenue, Melrose Park, IL
Property

Retail
Availability

1 Space

8,600 SF
For Lease Contact for pricing
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1,200 SF Retail / Office Available for Lease

2136 Division, Chicago, IL
Property

Retail
Availability

1 Space

1,200 SF
For Lease Contact for pricing
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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 Melrose Park commercial real estate market incorporates 87,483 square feet of office space across 1 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 Melrose Park commercial real estate market includes 584,830 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 Melrose Park market, there is a total of 810,304 square feet of industrial property.

The listing inventory in Melrose Park 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 Melrose Park is represented by Industrial space, which accounts for 323,656 square feet of available listings. Retail space available in Melrose Park adds up to 147,750 square feet.

Meanwhile, most of the listings of commercial property for sale in Melrose Park 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 Melrose Park is $24 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 Melrose Park 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 Melrose Park, 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 $24 per square foot. In particular, the property type commanding the highest lease rates in Melrose Park was Office space.

The average size of a commercial property in Melrose Park 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 Melrose Park, the average size of an office property is 87,483 square feet.
Retail properties here incorporate an average of 292,415 square feet.
Industrial space in Melrose Park is in buildings that are, on average 73,664 square feet in size.

Melrose Park, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Melrose Park currently add up to 777,017 square feet. The market offers 1 active office listing(s), which amount to 48,366 square feet and account for 7% of commercial spaces on the market. Local retail availability includes 149,300 square feet across 5 retail space(s). Industrial space for rent opportunities in Melrose Park amount to 523,656 square feet across a total of 6 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	1	48,366
Retail	5	149,300
Industrial	6	523,656
Other	1	55,695

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 Melrose Park, IL. Currently, there is 609,511 square feet of commercial property for sale here , which includes 7 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	7	607,138
Other	2	2,373

Melrose Park, IL Commercial Real Estate for Lease - 13 Listings

1502 North 25th Avenue

187,063 SF New Speculative Construction Available for Lease in Melrose Park

1225 W Lake St

4000 W. Lake Street

2050 Janice Avenue

150-152 N Railroad Ave

1111 Superior Street

1111 Superior Street

2099 North Mannheim Road

Winston Plaza

120 W Lake Street

Former Autozone

1,200 SF Retail / Office Available for Lease

Frequently Asked Questions

Melrose Park, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Melrose Park, IL Commercial Real Estate for Lease - 13 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Melrose Park, IL?

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

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

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

Melrose Park, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

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Popular Industrial Searches

About us