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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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Connect With Our Team

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
Direct: (312) 327-5460
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

New Chipotle in the Outside of Downtown Louisville

New Albany, IN

Years Remaining On Lease: 12.7

Cap Rate: 5.50%

Listing Price: $2,451,818

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Industrial

7721 S Ashland Ave

Chicago, IL

Price/Gross SF: $59.09

Listing Price: $1,299,900

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Industrial

I-70 Industrial Building | Located Along I-70 Industrial Corridor | High Quality Construction

New Castle (Indianapolis MSA), IN

Price/Gross SF: $129.90

Listing Price: $3,300,000

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Bidding Starts: Aug 11, 2025
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Industrial

AUCTION - Island Circle

Grand Island, NE

Price/Gross SF: $19.63

Bidding Ends: Aug 13, 2025

Starting Bid: $1,500,000

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Hospitality/Golf

Quality Inn Coralville

Coralville, IA

Price/Room: $53,636

Cap Rate: 6.70%

Listing Price: $2,950,000

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Medical Office

Capital Health Plaza - Turn-Key ASC with CON

Battle Creek, MI

Gross SF: 13,554

Cap Rate: 0.45%

Listing Price: $2,700,000

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Newly Constructed Panera Bread in the Louisville MSA

New Albany, IN

Years Remaining On Lease: 7.9

Cap Rate: 5.75%

Listing Price: $2,833,826

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Retail

University Plaza

Anderson, IN

Price/Gross SF: $240.70

Cap Rate: 7.25%

Listing Price: $2,900,000

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New Bank of America Net Lease | Louisville MSA

New Albany, IN

Years Remaining On Lease: 13.6

Cap Rate: 5.35%

Listing Price: $3,879,701

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Retail

Fulton East Center

Canal Fulton, OH

Price/Gross SF: $95.05

Cap Rate: 8.00%

Listing Price: $3,120,000

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Hospitality/Golf

Hampton Inn

Youngstown, OH

Cap Rate: 11.74%

Listing Price: $7,750,000

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Apartments

2247 W 119th St

Blue Island, IL

Number of Units: 8

Cap Rate: 7.35%

Listing Price: $725,000

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Apartments

Rivendell Apartments

Bettendorf, IA

Number of Units: 28

Cap Rate: 7.72%

Listing Price: $1,600,000

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Retail

Grocery Anchored Infill Retail Center

Des Plaines, IL

Price/Gross SF: $133.58

Cap Rate: 8.01%

Listing Price: $14,079,000

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Net Lease

Frontgate & Ballard Designs - Premier NN Leased Offering - Easton Town Center

Columbus, OH

Years Remaining On Lease: 8.2

Cap Rate: 7.00%

Listing Price: $11,620,000

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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.

VIEW ALL MIDWEST RESEARCH VIEW ALL U.S. & CANADA RESEARCH

Research Video

Local Rent Gains and The Big Picture

June 30, 2025

Research Video

Flat Fed, Inflation Risks & Durability of Retail Sales

June 23, 2025

Economy

Research Brief

Financial Markets

June 2025

Research Video

Have Tariffs Increased Inflation? Not Yet…

June 16, 2025

GDP

Research Brief

Inflation

June 2025

Research Video

Emerging Cap Rate Spreads and Trends

June 9, 2025

Employment

Research Brief

Employment

June 2025

Research Video

New Tax Bill May Bolster CRE Investment Climate

June 2, 2025

Research Video

Interest Rates on the Rise?

May 27, 2025

GDP

Research Brief

Inflation

May 2025

Employment

Research Brief

Retail Sales

May 2025

Research Video

Understanding Today’s CRE Distress Landscape

May 19, 2025

Research Video

Can the Office Market Regain Its Footing in 2025?

May 5, 2025

Employment

Research Brief

Employment

April 2025

Research Video

Retail CRE Positioned to Withstand Potential Headwinds

May 5, 2025

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Research

RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

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

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GlobeSt.com

Media

Data Centers Fuel Record Spending on U.S. Energy Infrastructure

AI demands have ignited a new wave of data center development.

July 02, 2025

BMO Bank

Press Releases

Marcus & Millichap Brokers Sale of BMO Bank Property in Evanston, Illinois for $1.68M

Marcus & Millichap announced today the sale of a BMO Bank property in Evanston, Illinois, for $1,675,000.

July 02, 2025

Holiday Center

Press Releases

Marcus & Millichap Arranges $4.6M Sale of 26-Unit Retail Property in Columbus, Indiana

Marcus & Millichap announced today the sale of Holiday Center, a four parcel, 26-unit retail strip property in Columbus, Indiana, for $4.6 million.

July 01, 2025

Holiday Inn Prospect Heights

Press Releases

Marcus & Millichap Arranges Sale of 108-Room Holiday Inn Express & Suites in Prospect Heights, Illinois

Marcus & Millichap announced today the sale of a Holiday Inn Express & Suites hotel property in Prospect Heights, Illinois.

July 01, 2025

11th Annual National Net Lease Summit
Industry Events

11th Annual National Net Lease Summit

University Club, Chicago, IL
July 24, 2025
Centre Square

Press Releases

Marcus & Millichap Brokers $4.1M Sale of 10-Suite Retail Property in Portage, Michigan

Marcus & Millichap announced today the sale of Centre Square, a two-building retail property in Portage, Michigan for $4.1 million.

June 30, 2025

Wells ME Storage

Press Releases

Marcus & Millichap Arranges Sale of Fully Entitled Self-Storage Development Site in Wells, Maine

Marcus & Millichap announced today the sale of an entitled self-storage development site at 71 Spencer Drive in Wells, Maine.

June 26, 2025

Master Crab

Press Releases

Marcus & Millichap Arranges Sale of Net-Leased Restaurant Property in Cape Coral, Fla.

Marcus & Millichap announced today the sale of a net-leased restaurant property occupied by Master Crab in Cape Coral, Florida.

June 25, 2025

Coolwood Plaza

Press Releases

Marcus & Millichap Brokers $12.4M Sale of Grocery-Anchored Retail Center in Valparaiso, Indiana

Marcus & Millichap announced today the sale of Coolwood Plaza, a grocery anchored retail center in Valparaiso, Indiana, for $12.4 million.

June 25, 2025

Tyler Carlisle Hudson

Press Releases

Marcus & Millichap Brokers $6.33M Sale of 38-Unit Multifamily Portfolio in Hudson, Wisconsin

Marcus & Millichap announced today the sale of a 38-unit multifamily portfolio in Hudson, Wisconsin.

June 24, 2025

Storage Solutions USA and Bay Wash

Press Releases

Marcus & Millichap Brokers Sale of Middletown, N.Y., Storage and Car Wash Property

Marcus & Millichap announced today the sale of Storage Solutions USA and Bay Wash Car Wash, a 288-unit storage property and self-service car wash property in Middletown, New York.

June 24, 2025

AmericInn Sleepy Eye

Press Releases

Marcus & Millichap Brokers Sale of 38-Room AmericInn Hotel in Sleepy Eye, Minnesota

Marcus & Millichap announced today the sale of a 38-room AmericInn hotel property in Sleepy Eye, Minnesota.

June 24, 2025

Heartland Dental

Press Releases

Marcus & Millichap Brokers Sale of Net-Leased Dental Office Property in Ormond Beach, Florida

Marcus & Millichap announced today the sale of a net-leased office property occupied by Heartland Dental in Ormond Beach, Florida.

June 18, 2025

Best Western Plus Blaine

Press Releases

Marcus & Millichap Arranges Sale of 98-Room Best Western Plus in Blaine, Minnesota

Marcus & Millichap announced today the sale of a 98-room Best Western Plus in Blaine, Minnesota.

June 17, 2025

Better Buzz

Press Releases

Marcus & Millichap Brokers Sale of Better Buzz Coffee Property in Avondale, Arizona

Marcus & Millichap announced today the sale of a net-leased Better Buzz Coffee property in Avondale, Arizona, for $3,225,000.

June 17, 2025

Keep Exploring

News & Events