Marcus & Millichap

Stephen Lieberman


Stephen Lieberman has an established Office & Industrial investment product focus and is an active member of the National Office & Industrial Properties Group and Net Leased Properties Group.

For every client, Stephen demonstrates a full-service ability to ensure the creation and preservation of client investor wealth. He is committed to maximizing value for his clients while providing an unmatched level of service. As he works with you to evaluate your short and long term investment objectives, he is skilled to identify areas to increase value, mitigate risk, enhance cash flow revenues, and advise real-time financing availability and transactional solution options.

His team offers consistency in their property valuations and the deliverability of every investment property exclusively represented by his group. Stephen’s market research and local market expertise help investors make informed decisions with the advantage of the latest market statistics and broker knowledge.

Stephen graduated with a Bachelor of Science in Finance from the University of Illinois at Urbana-Champaign. 
"Stephen has a dedicated work ethic to provide his clients the very best results and service.  He is one of our top Sales Agents and is a consistent leader at Marcus & Millichap with a proven ability to maximize value for his clients." - John Przybyla, First Vice President/Regional Manager Chicago Office.

Chicago Downtown
Stephen Lieberman

Stephen Lieberman

First Vice President Investments
Tel: (312) 327-5400
Fax: (312) 327-5410

License:  IL  475.144282

National Association of Industrial & Office Properties

Member - National Office and Industrial Properties Group
Member - Net Leased Properties Group
Associate Director - National Office and Industrial Properties Group

Promoted to Senior Associate in November, 2013
Promoted to Vice President Investments in January, 2017
Promoted to First Vice President Investments in January, 2017

National Achievement Award - 2016, 2014
Sales Recognition Award - 2016, 2014, 2013

Transactions Closed




    Chicago, IL
    Price: $9,500,000

  • Bank of America Building | Value-Add Reposition

    Bank of America Building | Value-Add Reposition


    Chicago, IL
    Price: $2,820,000




    Gurnee, IL
    Price: $8,650,000

  • Olde English Manor Apartments

    Olde English Manor Apartments


    Wichita, KS
    Price: $9,800,000
    Size: 225,192 sqft
    Size: 264 units

  • ExpressMed Gahanna

    ExpressMed Gahanna

    Single Tenant Office Medical

    Gahanna, OH
    Price: $1,480,000
    Size: 6,000 sqft

  • 1941-2019 Johns Drive

    1941-2019 Johns Drive

    Industrial Office Warehouse

    Glenview, IL
    Price: $4,100,000

  • 1455 West Hubbard Street - Owner/User Offering

    1455 West Hubbard Street - Owner/User Offering


    Chicago, IL
    Price: $2,800,000



    Office Medical

    Des Plaines, IL
    Price: $10,050,000

  • Forever 21

    Forever 21

    Net Leased Miscellaneous

    Chicago, IL
    Price: $14,750,000
    Size: 16,000 sqft

  • 153-157 WEST OHIO STREET

    153-157 WEST OHIO STREET


    Price: $8,100,000

  • 111 East Algonquin Road

    111 East Algonquin Road

    Retail Vacant/User

    Arlington Heights, IL
    Price: $1,360,000
    Size: 5,522 sqft

  • 700-728 South Milwaukee Avenue

    700-728 South Milwaukee Avenue


    Wheeling, IL
    Price: $950,000

  • 100-180 Touhy Court

    100-180 Touhy Court

    Industrial Office Warehouse

    Des Plaines, IL
    Price: $1,665,000

  • Naperville Financial Center

    Naperville Financial Center


    Naperville, IL
    Price: $7,100,000



    Net Leased Miscellaneous

    Franklin Park, IL
    Price: $8,000,000
    Size: 252,654 sqft

  • Northbrook Flex/Industrial

    Northbrook Flex/Industrial

    Industrial Office Warehouse

    Northbrook, IL
    Price: $2,500,000

  • 1 East Algonquin Road

    1 East Algonquin Road


    Arlington Heights, IL
    Price: $1,100,000



    Shopping Neighborhood

    Bettendorf, IA
    Price: $5,150,215
    Size: 14,490 sqft

  • Evanston Enterprise Center

    Evanston Enterprise Center


    Evanston, IL
    Price: $5,040,000

  • 650 Anthony Trail

    650 Anthony Trail

    Industrial Warehouse

    Northbrook, IL
    Price: $4,600,000

  • 1st Bank Plaza Executive And Business Center

    1st Bank Plaza Executive And Business Center


    Lake Zurich, IL
    Price: $3,500,000
    Size: 50,536 sqft

  • Affinity Healthcare Center

    Affinity Healthcare Center

    Office Medical

    Arlington Heights, IL
    Price: $2,755,000

  • Emerson Mixed Use

    Emerson Mixed Use


    Evanston, IL
    Price: $2,660,000

  • 386 North York Road

    386 North York Road

    Office Medical

    Elmhurst, IL
    Price: $2,437,000

  • Single-Tenant Net Lease Coldwell Banker (NRT)

    Single-Tenant Net Lease Coldwell Banker (NRT)

    Single-Tenant Office

    Schaumburg, IL
    Price: $1,250,000
    Size: 5,037 sqft

  • 855 West Blackhawk Street

    855 West Blackhawk Street


    Chicago, IL
    Price: $5,575,000
    Size: 40,653 sqft
    Cap Rate: 5.01%

In The News

  • The Chandler's Building

    Represented the seller, in the sale of The Chandler's Building located at 630 Davis Street in Evanston, Illinois. The mixed-use office space and 23,929 square feet of ground-floor retail space sold...

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    855 West Blackhawk St.

    Represented the seller, in the sale of the three-story building in Clybourn corridor for $5.6 million.

    Read More

    400 North Wells | River North

    Represented the seller, owner of the anchored Kinzie Chophouse Restaurant, in the sale of the four-story building in River North for $9.5 million.

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  • Johns Drive Industrial Building

    Represented the seller and buyer of a 68,075-square-foot industrial building located in Glenview, Illinois.

    Read More

    100-180 Touhy Court

    Represented the seller of the two flex/industrial properties that totaled 48,101 rentable square feet in Des Plaines, IL

    Read More

    Forever 21 Lincoln Park

    Represented Acadia Realty Trust in acquiring the two-story, 16,000-square foot trophy asset on 865 W. North Avenue in the Lincoln Park neighborhood of Chicago

    Read More
  • Applebee's in Arlington Heights

    Represented the buyer of a 5,500 square foot former Applebee's at 111 E. Algonquin Road in Arlington Heights, IL

    Read More

    153-157 West Ohio Street

    Represented the seller of a five-story, 40,000-square foot, timber loft office located in the River North neighborhood of Chicago

    Read More

    1455 West Hubbard Street

    Represented the seller of a two story, 24,000-square foot modernized loft office building in the West Town neighborhood of Chicago

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  • ExpressMed Gahanna

    Represented the buyer of a 6,000-square-foot net-leased medical office in Gahanna, Ohio

    Read More

    Crown Corporate Center

    Four-building single-story office portfolio located at 1275-1425 Tri State Parkway in Gurnee, Illinois

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    4752-4760 North Broadway Street

    Represented the seller of a three-story mixed-use commercial building in the Uptown neighborhood of Chicago

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  • Evanston Enterprise Center

    50,564-square-foot-office building located at 1840 Oak Avenue in downtown Evanston

    Read More