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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
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

Wendy's - 2024 Construction | 380+ Unit Franchisee | 20-Yr Abs. NNN

Richmond, MI

Cap Rate: 6.00%

Listing Price: $2,400,000

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Apartments

7600 South South Shore Drive

Chicago, IL

Number of Units: 39

Cap Rate: 10.57%

Listing Price: $2,645,000

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Medical Office

Dover Medical Arts Building

Dover, OH

Gross SF: 34,658

Cap Rate: 8.60%

Listing Price: $4,389,000

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Biaggi's Ristorante Italiano

Bloomington, IL

Cap Rate: 6.80%

Listing Price: $5,000,000

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Hospitality/Golf

Super 8 Marshall

Marshall, MN

Price/Room: $36,170

Cap Rate: 9.80%

Listing Price: $1,700,000

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Office

127 W Wayne St

Fort Wayne, IN

Price/Gross SF: $173.17

Cap Rate: 9.00%

Listing Price: $4,450,000

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Retail

University Plaza

Anderson, IN

Price/Gross SF: $217.88

Cap Rate: 8.00%

Listing Price: $2,625,000

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IHOP - Part of Zona Rosa Lifestyle Center (5.3M Ann. Visits)

Kansas City, MO

Cap Rate: 6.50%

Listing Price: $2,615,000

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Retail

Lighthouse Village

Lorain, OH

Price/Gross SF: $244.29

Cap Rate: 7.50%

Listing Price: $6,415,000

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Apartments

Sheridan Apartments

Pekin, IL

Number of Units: 24

Cap Rate: 8.20%

Listing Price: $1,495,000

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Retail

Brew Kettle & Jimmy John’s

Hudson, OH

Price/Gross SF: $415.73

Cap Rate: 7.25%

Listing Price: $2,632,000

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Dollar General

Springfield, IL

Years Remaining On Lease: 2.4

Cap Rate: 7.11%

Listing Price: $1,260,000

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Heartland Dental | Corporate Absolute NNN Lease

Evansville, IN

Years Remaining On Lease: 9.6

Cap Rate: 5.50%

Listing Price: $2,356,345

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Heartland Dental | Corporate Absolute NNN Lease

Germantown, WI

Years Remaining On Lease: 9.6

Cap Rate: 5.50%

Listing Price: $2,830,909

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Heartland Dental | Corporate Absolute NNN Lease

Shelby Township, MI

Years Remaining On Lease: 9.6

Cap Rate: 5.50%

Listing Price: $3,496,000

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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
Economy

Research Brief

Retail Sales

July 2025

Research Video

Will Office Recovery Influence the Broader CRE Market?

July 21, 2025

GDP

Research Brief

Inflation

July 2025

mm industrial

Market Report

2025 U.S. Industrial Investment Outlook Midyear

2025 Outlook

Research Video

New Tax Laws Ease Uncertainty: Implications For CRE Investors

July 14, 2025

mm self storage

Market Report

2025 U.S. Self-Storage Investment Outlook Midyear

2025 Outlook

Employment

Research Brief

Employment

July 2025

Research Video

The Eye of the Storm? Interest Rates, Tariffs and Uncertainty

July 7, 2025

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

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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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Randy's and Street Portfolio

Press Releases

Marcus & Millichap Arranges $3.7M Sale of 49-Unit Multifamily Portfolio in Muncie, Indiana

Marcus & Millichap announced today the sale of a 49-unit multifamily property in Muncie, Indiana for $3.7 million.

July 24, 2025

Frankfort Portfolio

Press Releases

Marcus & Millichap Arranges Sale of 73-Unit Multifamily Portfolio in Frankfort, Kentucky

Marcus & Millichap announced today the sale of a 73-unit, 9-building multifamily portfolio in Frankfort, Kentucky.

July 21, 2025

Service Partners

Press Releases

Marcus & Millichap Brokers $2.5M Sale of Columbus Industrial Property

Marcus & Millichap announced today the sale of a 25,360-square-foot industrial property, occupied by Service Partners, in Columbus, Ohio for $2,525,000.

July 10, 2025

Gentry Manor

Press Releases

Marcus & Millichap Brokers Sale of 88-Unit Multifamily Property in Glen Ellyn, Illinois

Marcus & Millichap announced today the sale of Gentry Manor, an 88-unit multifamily property in Glen Ellyn, Illinois.

July 08, 2025

Medical Office St Louis

Press Releases

Marcus & Millichap Arranges $6.3M Sale of St. Louis Medical Office Property

Marcus & Millichap announced today the sale of 5500 S. Broadway St., a 62,856-square-foot medical office property in St. Louis, Missouri, for $6.3 million.

July 07, 2025

Wave Point Hotel

Press Releases

Marcus & Millichap Arranges Sale of 24-Room Hotel and Marina Property in Sturgeon Bay, Wisconsin

Marcus & Millichap announced today the sale of Wave Pointe Hotel and Marina, a 24-room resort property in Sturgeon Bay, Wisconsin.

July 07, 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

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

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

AAHOA Upper Midwest Hotel Owners Conference and Trade Show
Industry Events

AAHOA Upper Midwest Hotel Owners Conference and Trade Show

Marriott Oakbrook, Oak Brook, IL
August 14, 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

AAHOA North Central Hotel Owners Conference and Trade Show
Industry Events

AAHOA North Central Hotel Owners Conference and Trade Show

Holiday Inn West Chester, West Chester, OH
August 21, 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

Keep Exploring

News & Events