For Sale
Chicago, IL
Commercial Real Estate Market Trends & Data
$214 per SF
Avg asking sale price
$28 per SF
Avg asking lease rate
12,720 SF
Avg unit lease size
33,636 SF
Avg building size for sale
8.20%
Average cap rate
Chicago's Demographic Profile
Chicago has 1,061,002 households and a median income of $69,230, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 2,527,917 |
| # Households | 1,061,002 |
| Median age | 37 |
| Median household income | $69,230 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 627,070 |
| 5-year population change | -5% |
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↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Chicago | $198 | 26,206 SF | 12.50% |
| Berwyn | $267 | 8,500 SF | 9.52% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Chicago | $190 | 40,848 SF | 10.75% |
| Berwyn | $131 | 20,021 SF | 7.68% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Chicago | $280 | 11,951 SF |
| Cicero | $295 | 7,429 SF |
| Stickney | $197 | 59,009 SF |
| Berwyn | $286 | 14,347 SF |
| Chicago Lawn | $226 | 12,496 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Chicago | $178 | 35,550 SF | 25.00% |
| Cicero | $126 | 19,765 SF | 10.09% |
| Berwyn | $125 | 20,219 SF | 10.09% |
| Chicago Lawn | $89 | 166,779 SF | 9.30% |
| Oak Park | $131 | 17,518 SF | 12.74% |
Commercial Properties For Sale in Chicago
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Chicago pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Chicago | $214 | 33,636 SF |
| Cicero | $221 | 37,188 SF |
| Stickney | $120 | 135,018 SF |
| Forest View | $44 | 100,000 SF |
| Berwyn | $189 | 17,619 SF |
Multifamily Properties For Sale in Chicago
Regional Demographic Comparison
This comparison places Chicago alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Chicago or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Chicago | 2,527,917 | 1,061,002 | 37 | $69,230 | 2 | 627,070 | -5% |
| Cicero | 65,761 | 18,416 | 34 | $59,574 | 3 | 9,359 | -11% |
| Stickney | 6,247 | 2,090 | 39 | $66,743 | 3 | 632 | -5% |
| Forest View | 722 | 253 | 41 | $101,515 | 3 | 24 | -4% |
| Berwyn | 50,840 | 17,221 | 38 | $69,215 | 3 | 7,267 | -6% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Chicago, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Chicago
View All Commercial Real Estate For Sale in Chicago
Is Chicago a good market for a first-time commercial real estate investor?
Chicago offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Chicago?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Chicago. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Chicago?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Chicago. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Chicago compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Chicago. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Chicago acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Chicago, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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