Northfield, IL Commercial Real Estate for Lease and Sale

Explore 12 listings of Northfield commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

Willow Hill Executive Center

540 West Frontage Road, Northfield, IL
Property

Office

150,000 SF
Availability

35 Spaces

40,592 SF
Year Built

1969
For Lease

$16.00 - $19.50/SF/YR
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Northfield Plaza

570 Frontage Road, Northfield, IL
Property

Office

138,514 SF
Availability

12 Spaces

29,062 SF
Year Built

1980
For Lease

$29.50 - $31.00/SF/YR
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181 Waukegan Road

181 Waukegan Road, Northfield, IL
Property

Office

25,730 SF
Availability

1 Space

1,000 SF
Year Built

1982
For Lease

$20.00/SF/YR
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540-550 West Frontage Road

540-550 Frontage Rd, Northfield, IL
Property

Office

152,907 SF
Availability

139 Spaces

88,088 SF
Year Built

1969
For Lease

$22.00/SF/YR
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480 Central Avenue

480 Central Avenue, Northfield, IL
Property

Office

8,000 SF
Availability

1 Space

8,000 SF
Year Built

1970
For Lease Contact for pricing
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191 Waukegan Road

191 Waukegan Road, Northfield, IL
Property

Office

61,245 SF
Availability

1 Space

2,054 SF
Year Built

1983
For Lease

$25.00/SF/YR
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1845 Oak Street Northfield

1845 Oak Street Northfield, Northfield, IL
Property

Office

21,175 SF
Availability

4 Spaces

5,235 SF
For Lease

$20.50/SF/YR
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1 Northfield Plaza
ExecuSpace
1 Northfield Plaza #300, Northfield, IL
Services

Meeting Room

Private Office
Amenities

Catering

Complimentary coffee & tea

Fitness center

Free water

High-speed wifi

Kitchen

On-site café

Parking

Personal care professionals

Printer
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790 Frontage Road
Business Network Center
790 Frontage Road, Northfield, IL
Services

Meeting Room

Private Office
Amenities

Cleaning services

Complimentary coffee & tea

Concierge

Free water

High-speed wifi

Mail services

Parking

Printer

Receptionist/Secretarial services
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Northfield Village Square

301 Happ Road, Northfield, IL
Property

Retail

45,000 SF
Availability

1 Space

2,457 SF
For Lease Contact for pricing
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436 Frontage Rd., Northfield, IL 60093 (Medical Office)

436 Frontage Rd , Northfield, IL
Property

Office

8,548 SF
Availability

1 Space

2,879 SF
Year Built

1958
For Lease

$25.00/SF/YR
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464-466 Central

464-466 Central, Northfield, IL
Property

Office

3,625 SF
Availability

7 Spaces

2,520 SF
For Lease

$150.00 - $950.00/MO
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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 Northfield commercial real estate market incorporates 569,744 square feet of office space across 9 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 Northfield commercial real estate market includes 45,000 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.

The listing inventory in Northfield 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 Northfield is represented by Office space, which accounts for 152,101 square feet of available listings. Retail space available in Northfield adds up to 2,457 square feet.

Meanwhile, most of the listings of commercial property for sale in Northfield are in the Office 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 Northfield is $22 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 Northfield 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 Northfield, 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 $22 per square foot. In particular, the property type commanding the highest lease rates in Northfield was Office space.

The average size of a commercial property in Northfield 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 Northfield, the average size of an office property is 63,305 square feet.
Retail properties here incorporate an average of 45,000 square feet.

Northfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Northfield currently add up to 151,679 square feet. The market offers 8 active office listing(s), which amount to 149,222 square feet and account for 88% of commercial spaces on the market. Local retail availability includes 2,457 square feet across 1 retail space(s).

Property Type	Count of Listings	Total SF
Office	8	149,222
Retail	1	2,457

Northfield, IL Commercial Real Estate for Lease and Sale

Willow Hill Executive Center

Northfield Plaza

181 Waukegan Road

540-550 West Frontage Road

480 Central Avenue

191 Waukegan Road

1845 Oak Street Northfield

1 Northfield Plaza

790 Frontage Road

Northfield Village Square

436 Frontage Rd., Northfield, IL 60093 (Medical Office)

464-466 Central

Frequently Asked Questions

Northfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

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Northfield, 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 Northfield, IL?

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

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

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

Northfield, IL Currently Available Listings

Commercial Space for Lease Breakdown

Other Popular Searches

Popular Coworking Searches

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Popular Industrial Searches

About us