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Chicago, Illinois

Chicago Downtown Office

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333 West Wacker Drive, Suite 200
Chicago, IL 60606
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Phone: (312) 327-5400
Fax: (312) 327-5410

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In 1971, Marcus & Millichap was founded on a unique set of principles to maximize value for real estate investors and, in the process, revolutionized the brokerage industry.

Joseph Powers

Joseph Powers

Vice President/Regional Manager
View Chicago Downtown agents & originators

The Chicago Downtown Office

The Chicago Downtown office of Marcus & Millichap provides buyers and sellers of commercial real estate with investment brokerage and financing services focused on the Chicago MSA, Illinois and throughout markets in the Midwest. Agents in the Chicago Downtown office represent investors in transactions involving but not limited to office, industrial, multifamily, retail, single-tenant net leased, manufactured housing, medical office and hospitality properties. Investment professionals in the Chicago Downtown office also leverage Marcus & Millichap’s industry-leading research to offer investment real estate advisory services on individual properties and portfolios. Commercial real estate financing services are offered by loan originators with Marcus & Millichap Capital Corporation (MMCC).

CURRENT MIDWEST LISTINGS

Your Property Search Starts Here

Finding the right investment opportunity is easy when choosing from the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start your search now.

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Net Lease

Walgreens | Below Market Rent PSF & Rare 11% Rental Bump | Major Metro Location

Indianapolis, IN

Years Remaining On Lease: 7.1

Cap Rate: 7.00%

Listing Price: $2,385,000

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Net Lease

Starbucks w/ Drive-Thru | Ohio | 2023 Construction | Directly Across from University of Findlay

Findlay (Northwest Ohio), OH

Years Remaining On Lease: 9.8

Cap Rate: 6.00%

Listing Price: $2,366,717

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Hospitality/Golf

Hampton Inn St. Charles St. Louis

Saint Charles, MO

Price/Room: $79,918

Cap Rate: 8.84%

Listing Price: $9,750,000

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Hospitality/Golf

Days Inn New Philadelphia

New Philadelphia, OH

Price/Room: $23,494

Listing Price: $1,950,000

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Net Lease

Hooters | Corporate Operator & Guaranty | 15 Years Remaining

Mason, OH

Years Remaining On Lease: 14.9

Cap Rate: 6.75%

Listing Price: $2,475,000

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Industrial

225 S Highland Ave

Aurora, IL

Price/Gross SF: $52.93

Cap Rate: 7.79%

Listing Price: $22,500,000

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Net Lease

Avis Car Rental

Orland Park, IL

Years Remaining On Lease: 3.7

Cap Rate: 6.20%

Listing Price: $1,800,000

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Net Lease

7-Eleven w/ Gas Station | Infill Chicago: 877k+ People w/in 5-Mile Radius | 15 Year Abs. Net Lease

Chicago, IL

Years Remaining On Lease: 14.7

Cap Rate: 5.50%

Listing Price: $7,012,727

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Net Lease

Portillo's Ground Lease with Drive-Thru | (NASDAQ: PTLO)

Cicero (Chicago MSA), IL

Years Remaining On Lease: 12.0

Listing Price: $5,972,000

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Net Lease

Denny's | North Branch

North Branch, MN

Cap Rate: 6.25%

Listing Price: $1,584,000

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Medical Office

Multi-Tenant Medical Office Building

Vernon Hills, IL

Gross SF: 10,099

Cap Rate: 8.04%

Listing Price: $2,250,000

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Land

Developable Lot

North Branch, MN

Lot Size: 0.54 acres

Listing Price: $250,000

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Retail

Target Shadowed Spectrum Strip

Rochester, MN

Price/Gross SF: $547.72

Cap Rate: 7.00%

Listing Price: $4,809,000

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Net Lease

Caliber Collision | 7.42% Blended Cap | NN 8+ Yrs | $400k in Renovations | Quad Cities Metro (IL)

East Moline, IL

Years Remaining On Lease: 8.8

Cap Rate: 6.85%

Listing Price: $2,858,978

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Net Lease

Cheddar’s Scratch Kitchen (Darden Restaurants, Inc. Corporate Guarantee)

Evansville, IN

Years Remaining On Lease: 10.3

Cap Rate: 6.00%

Listing Price: $3,349,617

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Properties

RECENT MIDWEST RESEARCH

Essential Market Insights

Marcus & Millichap’s research services division is dedicated to providing our clients with cutting-edge market research and innovative insights. Browse our recent reports and videos focused on your areas of interest.

Research Video

5 Potential Risks That Could Derail a Soft Landing

October 2, 2023

US Money

Research Brief

Financial Markets

September 2023

Research Video

Finding Opportunities in Self-Storage

September 28, 2023

Housing

Research Brief

Housing

September 2023

Special Report

Natural Disasters and Insurance Risk

September 2023

Research Video

What the Sept. Fed Meeting Means for CRE

September 25, 2023

Research Video

Capitalizing on Hotel Investment Opportunities

September 21, 2023

GDP

Research Brief

Inflation

September 2023

Research Video

Will the 2024 Election Impact Interest Rates?

September 18, 2023

Retail

Research Brief

Retail Sales

September 2023

Office

Special Report

Office Outlook Special Report

3Q 2023

Research Video

Two Forces Driving the CRE Outlook

September 11, 2023

Research Video

Riding the Industrial Investment Wave

September 7, 2023

Research Video

How Natural Disasters Impact CRE Investors

September 5, 2023

Employment

Research Brief

Employment

September 2023

Keep Exploring

Research

RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

Stay informed with the news and events impacting your investment strategy.

Maine Three Property Portfolio

Press Releases

Marcus & Millichap Announces the Sale of a Three Property Portfolio in Chelsea, Maine

Marcus & Millichap announced today the sale of Maine Three Property Portfolio, a 45,690-square-foot self-storage portfolio located in Chelsea, Maine.

October 02, 2023

ICSC@CENTRAL
Industry Events

ICSC@CENTRAL

Hilton, Chicago, IL
October 10, 2023
15th Annual Interface Net Lease Conference
Industry Events

15th Annual Interface Net Lease Conference

New York City Bar Association, New York, NY
October 11, 2023
GlobeSt Multifamily Fall
Industry Events

GlobeSt. Multifamily Fall

JW Marriott at LA Live, Los Angeles, CA
October 16 – October 17, 2023
Globe St. Net Lease Fall Conference
Industry Events

Globe St. Net Lease Fall Conference

JW Marriott at LA Live, Los Angeles, CA
October 16 – October 17, 2023
CRE.Converge
Industry Events

CRE.Converge

Hyatt Regency, Seattle, WA
October 18 – October 20, 2023
2023 NIC Fall Conference
Industry Events

2023 NIC Fall Conference

Sheraton Grand Chicago Riverwalk, Chicago, IL
October 23 – October 25, 2023
2023 WMA Convention & Expo
Industry Events

2023 WMA Convention & Expo

Peppermill, Reno, NV
October 23 – October 26, 2023
Dollar General IA

Press Releases

Marcus & Millichap Announces the Sale of Dollar General, a 9,100-Square-Foot Net-Leased Property in Iowa

Marcus & Millichap announced today the sale of Dollar General, a 9,100-square-foot net-leased property located in Muscatine, Iowa.

September 28, 2023

Holiday Inn Express East Indianapolis

Press Releases

Marcus & Millichap Arranges the Sale of a 90-Guest Room Hospitality Property in Indianapolis, Indiana

Marcus & Millichap announced today the sale of Holiday Inn Express East Indianapolis, a 90-guest room hospitality property located in Indianapolis, Indiana, according to Steven Ross Chaben, Regional Manager of the firm’s Detroit office.

September 26, 2023

9-26 53 Units 985 Ivy Avenue E

Press Releases

Marcus & Millichap Closes Saint Paul Apartment Asset

Marcus & Millichap announced today the sale of 985 Ivy Avenue E, a 53-unit multifamily property in the City of Saint Paul, MN, according to Todd E. Lindblom, regional manager of the Minneapolis office

September 26, 2023

Popeyes

Press Releases

Marcus & Millichap Arranges the Sale of a 10-Year Triple-Net Lease Popeyes, Raytown, Missouri

Marcus & Millichap announced today the sale of a triple-net lease Popeyes, a 2,882-square-foot net-leased property located in Raytown, Missouri, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office.

September 26, 2023

Best Western Plus

Press Releases

Marcus & Millichap Arranges the Sale of a 83-Room Hospitality Property in Wisconsin

Marcus & Millichap announced today the sale of Best Western Plus Wausau-Rothschild Hotel, a 83-room hospitality property located in Rothschild, Wisconsin, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office.

September 26, 2023

o2b

Press Releases

Marcus & Millichap Arranges the Sale of a Net-Leased Child Care Property in Wesley Chapel, Florida

Marcus & Millichap announced today the sale of o2b Kids, a net-leased child care property located in Wesley Chapel, Florida, according to Steven D. Weinstock, Regional Manager and Senior Vice President of the firm’s Chicago Oak Brook office.

September 26, 2023

Heartland Dental

Press Releases

Marcus & Millichap Announces the Sale of Heartland Dental and Apex Physical Therapy, a 7,200-Square-Foot Retail Property in Arizona

Marcus & Millichap announced today the sale of Heartland Dental & Apex Physical Therapy, a 7,200-square-foot retail property located in Goodyear, Arizona.

September 26, 2023

Keep Exploring

News & Events