Chicago, IL Commercial Real Estate for Lease and Sale

Explore 1,644 listings of Chicago commercial real estate to find the best space for your business.

327 N Aberdeen

327 North Aberdeen Street, Fulton Market, Chicago, IL
Property

Office

27,900 SF
Availability

1 Space

8,023 SF
Year Built

1920
For Lease Contact for pricing
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350 North Orleans

350 North Orleans Street, River North, Chicago, IL
Property

Office

1,308,156 SF
Availability

7 Spaces

237,500 SF
Year Built

1977
For Lease

$28.00 - $31.00/SF/YR
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7900 S Drexel Ave

7900 South Drexel Avenue, East Chatham, Chicago, IL
Property

Other

9,952 SF
Year Built

1940
For Sale

$865,000
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71 South Wacker Drive

71 South Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

1,490,825 SF
Availability

12 Spaces

168,812 SF
Year Built

2005
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
1965 W Pershing Rd, Chicago, IL

1965 W Pershing Rd, Back of the Yards, Chicago, IL
Property

Industrial

326,566 SF
Availability

1 Space

326,566 SF
For Lease

$6.50/SF/YR
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Chicago Mercantile Exchange Center

10 South Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

1,162,356 SF
Availability

1 Space

9,228 SF
Year Built

1983
For Lease Contact for pricing
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118 S. Clinton Street

118 S Clinton St, West Loop, Chicago, IL
Property

Retail

72,018 SF
Availability

1 Space

1,500 SF
Year Built

1903
For Lease Contact for pricing
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333 North Michigan Avenue

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

Office

303,306 SF
Availability

1 Space

4,839 SF
Year Built

1928
For Lease Contact for pricing
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2470 N Lincoln Avenue

2470 N Lincoln Avenue, Wrightwood, Chicago, IL
Property

Retail
Availability

1 Space

3,450 SF
For Lease Contact for pricing
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2949 N Broadway St

2949 N Broadway St, Lakeview, Chicago, IL
Property

Retail

18,825 SF
Availability

1 Space

1,000 SF
Year Built

1911
For Lease

$42.00/SF/YR
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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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2950 W 26th St

2950 West 26th Street, Little Village, Chicago, IL
Property

Office

8,000 SF
For Sale

$2,100,000
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2nd Generation Restaurant For Lease

306 S Halsted St, Greektown, Chicago, IL
Property

Retail

20,400 SF
Availability

1 Space

4,200 SF
Year Built

1926
For Lease

$26.00/SF/YR
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Medinah Temple

600 North Wabash Street, Near North Side Chicago, Chicago, IL
Property

Retail

135,000 SF
Availability

2 Spaces

136,000 SF
Year Built

1912
For Lease Contact for pricing
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401 N. Paulina

401 N. Paulina, West Town, Chicago, IL
Property

Industrial

20,000 SF
Availability

1 Space

20,000 SF
Year Built

1909
For Lease

$18.00/SF/YR
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111th & Kedzie

3152 W 111th St, Mount Greenwood, Chicago, IL
Property

Retail

3,615 SF
Availability

1 Space

2,500 SF
Year Built

1995
For Lease

$27.00/SF/YR
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The Franklin - 227 West Monroe Street

227 West Monroe Street, Chicago Loop, Chicago, IL
Property

Office

1,583,900 SF
Availability

15 Spaces

220,877 SF
Year Built

1989
For Lease Contact for pricing
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151 North Franklin

151 North Franklin Street, Chicago Loop, Chicago, IL
Property

Office

807,130 SF
Availability

5 Spaces

116,368 SF
Year Built

2018
For Lease Contact for pricing
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Lakeview | Retail Storefront For LEASE

1613 W. Belmont Avenue, Lakeview, Chicago, IL
Property

Retail

14,425 SF
Availability

1 Space

1,483 SF
Year Built

2024
For Lease

$4,900.00/SF/MO
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5050 N Cicero Chicago

5050 N Cicero Chicago, Jefferson Park, Chicago, IL
Property

Retail

4,519 SF
Availability

1 Space

2,000 SF
For Lease Contact for pricing
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200 West Monroe

200 W. Monroe Street, Chicago Loop, Chicago, IL
Property

Office

634,847 SF
Availability

22 Spaces

202,735 SF
For Lease Contact for pricing
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112 S Sangamon St

112 S Sangamon St, Near West Side, Chicago, IL
Property

Office

31,250 SF
Availability

3 Spaces

12,400 SF
For Lease

$22.00/SF/YR
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3044 W Peterson Ave

3044 W Peterson Ave, West Rogers Park, Chicago, IL
Property

Retail

3,400 SF
Availability Contact for availability
Year Built

1981
For Lease Contact for pricing
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1132 South Wabash Avenue

1132 South Wabash Avenue, South Loop, Chicago, IL
Property

Office

37,100 SF
Availability

5 Spaces

10,362 SF
Year Built

1878
For Lease

$25.00 - $40.00/SF/YR
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The Bell

225 West Randolph Street, Chicago Loop, Chicago, IL
Property

Office

850,000 SF
Availability

1 Space

4,842 SF
Year Built

1967
For Lease Contact for pricing
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440 West Diversey Parkway

440 West Diversey Parkway, Lakeview, Chicago, IL
Property

Retail

10,000 SF
Availability

1 Space

1,400 SF
Year Built

1948
For Lease

$30.00/SF/YR
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North Center | Fully-Built Medical / Retail Condo

3807 N Lincoln Ave., North Center, Chicago, IL
Property

Retail

1,833 SF
For Sale

$399,000
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225 West Wacker Drive

225 West Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

650,812 SF
Availability

1 Space

9,481 SF
Year Built

1988
For Lease Contact for pricing
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1502-1510 E 74th St

1502-1510 E 74th St, Greater Grand Crossing, Chicago, IL
Property

Multi-Family

10,700 SF
For Sale

$950,000
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330 N Wabash Ave

330 N Wabash Ave, Near North Side Chicago, Chicago, IL
Property

Retail

1,182,454 SF
Availability

1 Space

231 SF
Year Built

1971
For Lease

$1,500.00/MO
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660 W Lake

660 W Lake, Fulton River District, Chicago, IL
Property

Office

14,530 SF
Availability

3 Spaces

8,408 SF
Year Built

1902
For Lease

$19.00 - $22.00/SF/YR
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4747 West Peterson Avenue

4747 West Peterson Avenue, Sauganash, Chicago, IL
Property

Office

50,000 SF
Availability

8 Spaces

11,041 SF
Year Built

1971
For Lease

$8.00 - $49.00/SF/YR
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41,237 SF Warehouse Space for Sale or Lease at 2155 S. Carpenter Street, Chicago

2155 S Carpenter Street, Pilsen, Chicago, IL
Property

Industrial

41,237 SF
Availability

1 Space

41,237 SF
For Lease Contact for pricing
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1767 N Milwaukee Ave

1767 N Milwaukee Ave, Bucktown, Chicago, IL
Property

Retail
Availability

1 Space

4,543 SF
For Lease Contact for pricing
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Lincoln Square | Foster-Western Office Available

5214 N. Western Avenue, Budlong Woods, Chicago, IL
Property

Office

9,000 SF
Year Built

1961
For Sale

$1,250,000
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701 North Michigan Ave

701 North Michigan Ave, Streeterville, Chicago, IL
Property

Retail

22,900 SF
Availability

4 Spaces

17,966 SF
For Lease Contact for pricing
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101,900 SF with Yard for Sale | 4401 W. Ogden Ave., Chicago, IL

4401 W Ogden Ave, North Lawndale, Chicago, IL
Property

Industrial

101,900 SF
Year Built

1915
For Sale

$4,955,000
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4256 W Diversey Ave

4256 W Diversey Ave, Belmont Gardens, Chicago, IL
Property

Industrial

13,000 SF
Availability

2 Spaces

6,000 SF
For Lease

$21.00 - $28.00/SF/YR
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Archer Medical Arts Building

4900 S Archer Ave, Archer Heights, Chicago, IL
Property

Office

10,701 SF
Availability

1 Space

1,950 SF
For Lease

$22.00/SF/YR
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River North Retail Condo

416 W Ontario Street, River North, Chicago, IL
Property

Retail

2,797 SF
Year Built

1923
For Sale

$675,000
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1921Coworking & 1921 Incubator
1921 Coworking
11001 South Michigan Avenue, Chicago, IL
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office
Amenities

High-speed wifi

Parking
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125 South Wacker Drive

125 South Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

576,780 SF
Availability

1 Space

4,932 SF
Year Built

1974
For Lease Contact for pricing
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769-775 W. Jackson

769-775 W Jackson Street, Greektown, Chicago, IL
Property

Retail

11,522 SF
Year Built

1911
For Sale

Subject To Offer
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10142 South Western Avenue, Chicago ( Dental Office )

10142 South Western Avenue, West Beverly, Chicago, IL
Property

Industrial

4,000 SF
Availability

1 Space

3,000 SF
For Lease

$28.00/SF/YR
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2110 W. Division Street

2110 W Division St, Wicker Park, Chicago, IL
Property

Retail

6,259 SF
Availability

1 Space

950 SF
Year Built

1901
For Lease Contact for pricing
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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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63rd & Ashland

1537-1547 W 63rd St, West Englewood, Chicago, IL
Property

VacantLand
For Sale

$199,000
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West Lakeview Commercial Condo

3043 N Ashland Ave, Lakeview, Chicago, IL
Property

Office

6,858 SF
Availability

1 Space

1,400 SF
Year Built

1966
For Lease

$25.00/SF/YR
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600 S Clark Street - Parking Garage

600 S Clark St, South Loop, Chicago, IL
Property

Other

59,884 SF
Year Built

1961
For Sale

Subject To Offer
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Gateway Centre

SEC Clark Street & Howard Street, Rogers Park, Chicago, IL
Property

Retail
Availability

3 Spaces

12,721 SF
For Lease Contact for pricing
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Edison Park Office

6780 N Northwest Hwy, Edison Park, Chicago, IL
Property

Office

3,800 SF
Availability

1 Space

1,000 SF
Year Built

1955
For Lease

$18.00/SF/YR
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5127-5131 W Devon Ave, Chicago, IL

5127-5131 W Devon Ave, Edgebrook, Chicago, IL
Property

Office

4,180 SF
Year Built

1950
For Sale

$1,000,000
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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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