What are the different types of commercial real estate?

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 Downers Grove commercial real estate market incorporates 6,571,248 square feet of office space across 49 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 Downers Grove, the coworking segment of the commercial real estate market incorporates about 2,715 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 Downers Grove commercial real estate market includes 3,053,298 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 Downers Grove market, there is a total of 2,180,710 square feet of industrial property.

What types of commercial real estate are available in Downers Grove, IL?

The largest share of commercial real estate space for lease in Downers Grove is represented by Office space , which accounts for 1,008,937 square feet of available listings. Retail space available in Downers Grove adds up to 664,249 square feet.

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

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.

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

The average rent for commercial real estate space listed for lease in Downers Grove is $32.04 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 Downers Grove 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 are the best areas for commercial real estate in Downers Grove, IL?

The best choice of location for commercial space depends on the factors that are most relevant to your business. 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 Downers Grove, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Downers Grove is in the Innisbrook neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Lyman Woods County Forest Preserve area . Meanwhile, retail space opportunities are most abundant in the Dunham Place submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Innisbrook . 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.

How do I find a good commercial real estate broker?

Whether or not 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!

What is the most profitable commercial real estate?

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 $32.82 per square foot. In particular, the property type commanding the highest lease rates in Downers Grove was Office space. Conversely, the highest sale price last year was $51,500,000 that is located at 3025 Highland Pkwy.

What is the average size of a commercial property in Downers Grove, IL?

The average size of a commercial property in Downers Grove 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 Downers Grove, the average size of an office property is 142,853 square feet. Retail properties here incorporate an average of 113,085 square feet. Industrial space in Downers Grove is in buildings that are, on average 145,381 square feet in size.

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108 Commercial Real Estate Listings in Downers Grove, IL

CRE Market Stats

Strip Center -Downers Grove, IL

2241 Maple Ave, Villas of Maple Woods, Lisle Township, IL
For Sale

$6,032,720
Property

Other

31,203 SF
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11,886 SF Available for Sale in Downers Grove

2051 Ogden Ave, Downtown Downers Grove, Lisle Township, IL
For Sale

$1,250,000
Property

Office

11,886 SF
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2300 Warrenville Road

2300 Warrenville Road, Fairway Grove, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

155,961 SF
Availability

2 Spaces

27,265 SF
Year Built

1963
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Esplanade I

2001 Butterfield Road, Morton Arboretum, Downers Grove, IL
For Lease

$31.82/SF/YR
Property

Office

536,322 SF
Availability

24 Spaces

138,558 SF
Year Built

1990
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Esplanade R&D

3131 Woodcreek Drive, Morton Arboretum, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

72,929 SF
Availability

1 Space

72,929 SF
Year Built

1991
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Corridors II

2655 Warrenville Road, Fairway Grove, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

149,896 SF
Availability

1 Space

20,769 SF
Year Built

1999
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#1201289 - General Dentistry Practice for Sale - Downers Grove

#1201289 - General Dentistry Practice for Sale - Downers Grove, Shady Lane Estates, Downers Grove, IL
For Sale

$300,000
Property

Other

725 SF
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Highland Landmark IV

3050 Highland Parkway, Lyman Woods County Forest Preserve, Downers Grove, IL
For Lease

$19.50/SF/YR
Property

Office

260,852 SF
Availability

8 Spaces

254,900 SF
Year Built

2002
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Downers Park Plaza

7349 Lemont Road, Grandview Estates, Downers Grove, IL
For Lease

Contact for pricing
Property

Retail

141,702 SF
Availability Contact for availability
Year Built

1979
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Highland Landmark II

3025 Highland Pkwy, Lyman Woods County Forest Preserve, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

277,814 SF
Availability

5 Spaces

31,156 SF
Year Built

1998
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Finley Point

3333 Finley Road , Innisbrook, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

223,771 SF
Availability

7 Spaces

43,108 SF
Year Built

1998
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Esplanade at Locust Point II

3500 Lacey Road, Morton Arboretum, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

584,000 SF
Availability

4 Spaces

51,078 SF
Year Built

1992
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Esplanade IV

1901 Butterfield Road, Morton Arboretum, Downers Grove, IL
For Lease

$32.26/SF/YR
Property

Office

278,285 SF
Availability

9 Spaces

83,955 SF
Year Built

1999
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Highland Landmark III

3010 Highland Parkway, Lyman Woods County Forest Preserve, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

276,766 SF
Availability

1 Space

5,024 SF
Year Built

2000
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Ellsworth Industrial Park - 5300 Katrine Avenue

5300 Katrine Avenue, Cameo, Downers Grove, IL
For Lease

Contact for pricing
Property

Industrial

109,000 SF
Availability

1 Space

109,000 SF
Year Built

1961
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Executive Towers West II

1411 Opus Place, Innisbrook, Downers Grove, IL
For Lease

$18.00/SF/YR
Property

Office

232,488 SF
Availability

1 Space

4,592 SF
Year Built

1984
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2300 Warrenville Road

2300 Warrenville Road, Fairway Grove, Downers Grove, IL
For Lease

Contact for pricing
Property

Office

155,961 SF
Availability

1 Space

12,930 SF
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Corridors III

2650 Warrenville Road, Fairway Grove, Downers Grove, IL
For Lease

$18.25/SF/YR
Property

Office

221,940 SF
Availability

5 Spaces

56,509 SF
Year Built

2001
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1401-1425 & 2800-2818 Centre Circle & 1400-1436 Brook Drive

1401 Centre Circle, Innisbrook, Downers Grove, IL
For Lease

Contact for pricing
Property

Industrial

137,751 SF
Availability

1 Space

4,116 SF
Year Built

1975
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Esplanade V

3250 Lacey Road, Morton Arboretum, Downers Grove, IL
For Lease

$32.82/SF/YR
Property

Office

163,624 SF
Availability

5 Spaces

65,775 SF
Year Built

2002
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425 Burlington Ave., Downers Grove, IL 60515 (Net Leased Investment)

425 Burlington Ave, Randall Park, Downers Grove, IL
For Sale

$1,409,669
Property

Retail

3,146 SF
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2777 Finley Rd

2777 Finley Rd, Innisbrook, Downers Grove, IL
For Lease

$15.50/SF/YR
Property

Office

1,220 SF
Availability

1 Space

1,220 SF
Year Built

1978
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2516 Wisconsin Street

2516 Wisconsin Street, Bending Oaks, Downers Grove, IL
For Lease

$11.00/SF/YR
Property

Industrial

46,000 SF
Availability

1 Space

5,000 SF
Year Built

1979
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Highland Landmark V

3005 Highland Pkwy, Lyman Woods County Forest Preserve, Downers Grove, IL
For Lease

$18.00/SF/YR
Property

Office

251,235 SF
Availability

5 Spaces

167,981 SF
Year Built

2008
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5200 Katrine Ave

5200 Katrine Ave, Cameo, Downers Grove, IL
For Lease

Contact for pricing
Property

Industrial

40,520 SF
Availability

1 Space

12,000 SF
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Executive Towers West
Regus
1431 Opus Place Suite 110, Downers Grove, IL
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business lounge

Cleaning services

Complimentary coffee & tea

High-speed internet

High-speed wifi

Kitchen

Mail services

Money-back guarantee
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