Chicago, IL
Commercial Real Estate Market Trends & Data

$212 Avg asking sale price
$419 Avg asking lease rate
44,078 SF Avg unit lease size
34,851 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%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Chicago, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Chicago $186 26,153 SF 12.50%
Berwyn $310 8,310 SF 9.04%
Nearby Retail Markets Avg Cost/SF Typical Size
Chicago $287 12,381 SF
Cicero $199 10,625 SF
Stickney $197 59,009 SF
Berwyn $220 13,834 SF
Chicago Lawn $252 15,292 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Chicago $186 39,694 SF 25.00%
Cicero $86 19,915 SF 9.83%
Berwyn $112 20,768 SF 9.83%
Chicago Lawn $113 204,215 SF 9.30%
Oak Park $131 17,339 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

Dual-Tenant Retail with Stable Cash Flow

Chicago, IL

  • Retail Building
  • Auction Sale
For Sale

11608 Copenhagen Ct

Franklin Park, IL 60131

  • 88,158 SF Industrial Building
  • $7,052,640
For Sale

Patriot Development of Chicago

Chicago, IL

  • Price Upon Request
For Sale

O’Hare Offices

Des Plaines, IL 60018

  • 151,189 SF Office Building
  • Price Upon Request
For Sale

Loeb Lofts

Chicago, IL 60653

  • 54,124 SF Industrial Building
  • $2,250,000
For Sale

Former Bank Branch | Full-Acre Chatham Corner

Chicago, IL 60619

  • 8,000 SF Retail Building
  • $875,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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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 $212 34,854 SF
Cicero $132 39,273 SF
Stickney $120 174,477 SF
Forest View $44 100,000 SF
Berwyn $186 14,803 SF

Multifamily Properties For Sale in Chicago

For Sale

1528 E 74th Pl

Chicago, IL 60619

  • 7,992 SF Multifamily
  • 8.37% Cap Rate
  • $680,000
For Sale

818-824 W 71st St

Chicago, IL 60621

  • 24,608 SF Multifamily
  • $495,000
For Sale

6610-6618 S Kenwood Ave

Chicago, IL 60637

  • 27,600 SF Multifamily
  • 7.27% Cap Rate
  • $6,950,000
For Sale

Washington Plaza

Chicago, IL 60644

  • 105,000 SF Multifamily
  • $12,000,000
For Sale

4420-4428 N Clark St

Chicago, IL 60640

  • 77,449 SF Multifamily
  • $1,195,000
For Sale

Ivy at Carlson

Chicago, IL 60615

  • 35,219 SF Multifamily
  • 6.01% Cap Rate
  • $8,150,000
For Sale

8138 S Calumet Ave

Chicago, IL 60619

  • 9,030 SF Multifamily
  • $575,000
For Sale

1609 W Greenleaf Ave

Chicago, IL 60626

  • 7,275 SF Multifamily
  • 5.43% Cap Rate
  • $2,245,000

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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