Chicago, IL Retail Space for Lease

Search 497 retail listings in Chicago, IL and find helpful local stats in the Market Overview section below.

70 West Madison

70 West Madison Street, Chicago Loop, Chicago, IL
Property

Office

1,439,369 SF
Availability

4 Spaces

78,181 SF
Year Built

1981
For Lease Contact for pricing
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SEC Broadway & Berwyn

SEC Broadway & Berwyn, Lakewood - Balmoral, Chicago, IL
Property

Retail
Availability

1 Space

9,220 SF
For Lease Contact for pricing
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511 W Division

511 W Division, Cabrini - Green, Chicago, IL
Property

Retail

1,250 SF
Availability

1 Space

1,250 SF
Year Built

2008
For Lease

$24.00/SF/YR
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500 North Michigan Avenue

500 North Michigan Avenue, Near North Side Chicago, Chicago, IL
Property

Office

322,443 SF
Availability

2 Spaces

11,944 SF
Year Built

1967
For Lease Contact for pricing
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4455 N Harlem

4455 N Harlem, Norridge, IL
Property

Retail

12,543 SF
Availability

1 Space

9,323 SF
For Lease

$25.00/SF/YR
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900 W Randolph Street

900 W Randolph Street, Fulton Market, Chicago, IL
Property

Retail
Availability

1 Space

2,658 SF
For Lease Contact for pricing
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Kimball Arts Center | 2nd Generation Restaurant Space

1757 N Kimball Ave, Humboldt Park, Chicago, IL
Property

Retail

48,000 SF
Availability

2 Spaces

3,788 SF
Year Built

1938
For Lease

$22.07 - $26.00/SF/YR
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Roosevelt Galleria

627 W Roosevelt Road, South Loop, Chicago, IL
Property

Retail
Availability

1 Space

3,917 SF
For Lease Contact for pricing
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535 N Michigan Avenue

535 N Michigan Avenue, Streeterville, Chicago, IL
Property

Retail
Availability

1 Space

1,076 SF
For Lease Contact for pricing
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175 West Jackson Blvd

175 West Jackson Blvd, Chicago Loop, Chicago, IL
Property

Office

1,452,390 SF
Availability

3 Spaces

39,441 SF
Year Built

1911
For Lease

$33.00/SF/YR
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1800-1806 W. Chicago Ave.

1800-1806 W. Chicago Ave., East Village, Chicago, IL
Property

Retail

7,139 SF
Availability

3 Spaces

14,478 SF
For Lease

$25.00 - $45.00/SF/YR
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North Center Office Sublease

3843 N Lincoln Avenue , North Center, Chicago, IL
Property

Office

6,000 SF
Availability

1 Space

1,000 SF
For Lease

$2,352.00/MO
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1925 North Clybourn Avenue

1925 North Clybourn Avenue, Ranch Triangle, Chicago, IL
Property

Retail

38,640 SF
Availability

1 Space

5,000 SF
For Lease Contact for pricing
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1700 W Cortland

1700 West Cortland, Bucktown, Chicago, IL
Property

Office

44,000 SF
Availability

3 Spaces

5,049 SF
Year Built

1940
For Lease

$15.00 - $35.00/SF/YR
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One of a Kind Restaurant/Hospitality Spaces at The Lofts at River East

401-465 East Illinois St., Streeterville, Chicago, IL
Property

Retail

33,000 SF
Availability

1 Space

33,000 SF
Year Built

2017
For Lease Contact for pricing
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1719 N. Damen

1719 N. Damen, Bucktown, Chicago, IL
Property

Retail

5,088 SF
Availability

1 Space

1,470 SF
For Lease Contact for pricing
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8600 S Pulaski Rd

8600 S Pulaski Rd, Scottsdale, Chicago, IL
Property

Retail

29,336 SF
Availability

2 Spaces

6,100 SF
For Lease

$25.00/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
Availability

1 Space

1,833 SF
For Lease

$4,500.00/MO
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3126 W 26th Street

3126 W 26th Street, Little Village, Chicago, IL
Property

Retail

950 SF
Availability

1 Space

950 SF
For Lease

$4,000.00/MO
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855 West Belmont Avenue

855 West Belmont Avenue, Lakeview, Chicago, IL
Property

Office

25,000 SF
Availability

1 Space

3,800 SF
Year Built

2003
For Lease

$30.00/SF/YR
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Retail Space Rents in Chicago, IL

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Chicago asks $26.38 per square foot.

Retail Space Lease Types in Chicago, IL

The most common type of lease agreement you’ll find here is NNN, with 197 space(s) available under this type of arrangement. The local market is also home to 57 retail space(s) offered under a Modified Gross lease agreement type, and 32 Full Service listing(s).

Most Common Type of Lease for Retail Buildings in Chicago, IL

NNN 197
Modified Gross 57
Full Service 32

Average Size of Retail Space for Lease in Chicago, IL

The average size for this type of rental opportunity in Chicago is 1,000 sqft to 2,500 sqft. Currently, the local market offers 274 listing(s) within that size range. You can also search 212 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Chicago, IL

Retail space in Chicago comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Street Retail and you can find 90 such space(s) available.  

Street Retail spaces listed for rent here have an average size of 2,730 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

The local market is also home to 26 space(s) listed as Restaurant. The average size you can expect to find for this category is 4,788 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

What’s more, you can find 9 listing(s) in the Freestanding category, currently available in the average size of 6,546 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

Number of Retail Spaces for Lease in Chicago, IL, by Use Type

Street Retail

90

Restaurant

26

Freestanding

9

Average Retail Listing Size in Chicago, IL, by Use Type

Street Retail

2,730 sq. ft.

Restaurant

4,788 sq. ft.

Freestanding

6,546 sq. ft.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Chicago, IL

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Chicago Loop is your top choice for lease opportunities, as it is currently home to the highest number of listings — 79 retail space(s). The most popular space type here is Street Retail. You can find 3 such listing(s) here.

Chicago’s second most popular area is Ford City, where you can find 50 retail listing(s).

Lakeview is also among the best areas to search for your next commercial space. Here you can find 47 retail space(s) available for consideration by prospective tenants, of which 6 are Street Retail.

Top Locations to Lease Retail Space in Chicago, IL

Chicago Loop

79

Ford City

50

Lakeview

47

South Loop

46

Streeterville

35

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.

Some properties also go the extra mile to become more environmentally friendly, which is often indicated by a LEED certification. The Chicago real estate market is home to 1 LEED-certified retail building(s). This kind of space represents 0.17% of the city’s total retail real estate.

Distribution of LEED-Certified Retail Properties in Chicago, IL

LEED Gold

1

Data based on retail spaces listed for rent on CommercialSearch.com

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Recent Retail Market News

DRA Advisors Sells Chicago-Area Retail Asset

Northpond Partners acquired the value-add property.

Core Acquisitions Pays $34M for Chicago-Area Shopping Center

Grosvenor sold the suburban nine-building property.

Wayfair Makes Foray Into Brick-and-Mortar Retail

The e-commerce specialist is expanding its multi-channel play with the opening of a 150,000-square-foot store.

FNRP Buys Grocery-Anchored Retail Asset Near Chicago

This was the company’s fourth off-market transaction this year.

NewMark Merrill Buys Chicago Shopping Center

This property is part of DRA Advisors’ recent selling streak.

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