Chicago, IL Retail Space for Lease

Search 522 retail listings in Chicago, IL and find helpful local stats in the Market Overview section below.

Ford City Mall

7601 South Cicero Avenue, Ford City, Chicago, IL
Property

Retail

1,258,480 SF
Availability

48 Spaces

316,250 SF
Year Built

1965
For Lease Contact for pricing
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The Rosie

1461 South Blue Island Avenue, Little Italy, Chicago, IL
Property

Retail

7,000 SF
Availability

2 Spaces

6,948 SF
Year Built

2021
For Lease

$22.00 - $25.00/SF/YR
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Pointe 1900 On State - Retail | Medical

1912 South State Street, South Loop, Chicago, IL
Property

Retail

36,476 SF
Availability

1 Space

1,438 SF
Year Built

2006
For Lease Contact for pricing
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2247 North Milwaukee Avenue

2247 North Milwaukee Avenue, Logan Square, Chicago, IL
Property

Retail

16,000 SF
Availability

1 Space

1,800 SF
Year Built

1961
For Lease Contact for pricing
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Millennium Station - Retail Concourse

151 N. Michigan Avenue, Downtown Chicago, Chicago, IL
Property

Retail

16,072 SF
Availability

3 Spaces

3,710 SF
For Lease Contact for pricing
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Millennium on Lasalle

29 South Lasalle, Chicago Loop, Chicago, IL
Property

Retail

195,432 SF
Availability

3 Spaces

5,184 SF
For Lease

$25.00 - $45.00/SF/YR
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11 East Adams Street

11 East Adams Street, Chicago Loop, Chicago, IL
Property

Office

160,793 SF
Availability

24 Spaces

78,753 SF
Year Built

1960
For Lease

$23.00 - $85.00/SF/YR
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7555 N California Ave

7555 N California Ave, West Rogers Park, Chicago, IL
Property

Retail

1,640 SF
Availability

1 Space

1,640 SF
Year Built

1951
For Lease

$36.59/SF/YR
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Five One Five North State

515 North State Street, Near North Side Chicago, Chicago, IL
Property

Office

664,158 SF
Availability

4 Spaces

66,254 SF
Year Built

1990
For Lease Contact for pricing
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3774 n clark

3774 n clark, Lakeview, Chicago, IL
Property

Retail

10,835 SF
Availability Contact for availability
Year Built

1910
For Lease Contact for pricing
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3244 - 3260 W. 55th St.

3244 - 3260 W. 55th St., Gage Park, Chicago, IL
Property

Retail

9,600 SF
Availability

1 Space

3,000 SF
Year Built

1967
For Lease Contact for pricing
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3239 W Belmont Avenue

3239 W Belmont Avenue, Avondale, Chicago, IL
Property

Retail

11,000 SF
Availability

1 Space

11,000 SF
For Lease Contact for pricing
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964 West Belmont Avenue

964 West Belmont Avenue, Lakeview, Chicago, IL
Property

Retail
Availability

1 Space

2,645 SF
For Lease Contact for pricing
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Woodlawn Retail Center

1500 East 63rd Street, Woodlawn, Chicago, IL
Property

Retail
Availability

1 Space

55,555 SF
For Lease Contact for pricing
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E. Pearson Street

110 E. Pearson Street, Gold Coast, Chicago, IL
Property

Retail

10,051 SF
Availability

2 Spaces

9,463 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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The Jewelers Building

35 East Wacker Drive, Chicago Loop, Chicago, IL
Property

Office

550,000 SF
Availability

20 Spaces

154,786 SF
Year Built

1927
For Lease Contact for pricing
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McKinley Park's Archer Retail

3557 S Archer Avenue, McKinley Park, Chicago, IL
Property

Retail

16,933 SF
Availability

1 Space

850 SF
Year Built

1928
For Lease

$1,500.00/MO
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VCollective - 820 West Jackson Blvd

820 West Jackson Blvd, Greektown, Chicago, IL
Property

Office

175,285 SF
Availability

3 Spaces

11,128 SF
Year Built

1903
For Lease Contact for pricing
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West Loop Corner Restaurant

205 North Morgan Street, Fulton Market, Chicago, IL
Property

Retail

3,010 SF
Availability

1 Space

3,010 SF
Year Built

1920
For Lease

$70.00/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 $28.42 per square foot.

Retail Space Lease Types in Chicago, IL

The most common type of lease agreement you’ll find here is NNN, with 207 space(s) available under this type of arrangement. The local market is also home to 59 retail space(s) offered under a Modified Gross lease agreement type, and 22 Full Service listing(s).

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

NNN 207
Modified Gross 59
Full Service 22

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 272 listing(s) within that size range. You can also search 211 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 80 such space(s) available.  

Street Retail spaces listed for rent here have an average size of 2,737 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 21 space(s) listed as Restaurant. The average size you can expect to find for this category is 5,184 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 4 listing(s) in the Freestanding category, currently available in the average size of 7,800 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

80

Restaurant

21

Freestanding

4

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

Street Retail

2,737 sq. ft.

Restaurant

5,184 sq. ft.

Freestanding

7,800 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 — 97 retail space(s). The most popular space type here is Street Retail. You can find 1 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 45 retail space(s) available for consideration by prospective tenants, of which 5 are Street Retail.

Top Locations to Lease Retail Space in Chicago, IL

Chicago Loop

97

Ford City

50

Lakeview

45

South Loop

41

Goose Island

36

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

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