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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.

VIEW AVAILABLE MIDWEST LISTINGS VIEW AVAILABLE U.S. & CANADA LISTINGS
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Medical Office

AMSURG Endoscopy Surgery & LiveWell

Shawnee, KS

Cap Rate: 7.74%

Listing Price: $2,015,000

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Net Lease

Chipotle Drive-Thru | New 15-Yr. Absolute NNN

Avon (Indianapolis MSA), IN

Years Remaining On Lease: 15.4

Listing Price: $3,627,000

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Apartments

The Birch

Des Moines, IA

Number of Units: 74

Cap Rate: 7.05%

Listing Price: $6,125,000

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Net Lease

Class "A" Building - Naperville

Naperville, IL

Listing Price: $13,500,000

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Net Lease

Newly Constructed Panera Bread in the Louisville MSA

New Albany, IN

Years Remaining On Lease: 8.1

Cap Rate: 5.50%

Listing Price: $2,962,636

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Office

AMA Medical - 20-Year Sale Leaseback - Kennett MO

Kennett, MO

Price/Gross SF: $303.88

Cap Rate: 8.50%

Listing Price: $3,670,000

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Net Lease

Starbucks w/ Dr-Thru | Rare 15 Yr NNN Ground Lease | Chicago MSA | 2025 Construction | Strong Demos

Elgin (Chicago MSA), IL

Years Remaining On Lease: 15.2

Cap Rate: 5.75%

Listing Price: $3,573,913

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Net Lease

Family Dollar | Brand New 2024 Construction | Corporate Guarantee (NASDAQ: DLTR) | 8.25% Cap Rate

Lakefield, MN

Years Remaining On Lease: 9.3

Cap Rate: 8.50%

Listing Price: $1,477,000

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Family Dollar & Dollar Tree | Brand New 2024 Construction | Corporate Guarantee (NASDAQ: DLTR)

Hoyt Lakes, MN

Years Remaining On Lease: 8.8

Cap Rate: 8.50%

Listing Price: $1,606,000

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Walgreens | +/-10 Years Left on Lease | 8.50% Cap Rate | Major Retail Corridor

Bonner Springs, KS

Years Remaining On Lease: 9.8

Cap Rate: 8.50%

Listing Price: $4,800,000

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Family Dollar

Indianapolis, IN

Years Remaining On Lease: 3.4

Cap Rate: 9.00%

Listing Price: $577,990

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Industrial

Brew City Industrial Hub

Milwaukee, WI

Price/Gross SF: $71.56

Cap Rate: 9.74%

Listing Price: $2,950,000

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Retail

Fresenius Retail Center in a College Town

Normal, IL

Price/Gross SF: $250.00

Cap Rate: 7.75%

Listing Price: $2,280,000

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Net Lease

Wendy’s NNN Lease $130K Avg Household Income Annual Rent Increases

Caledonia, MI

Years Remaining On Lease: 13.4

Cap Rate: 5.60%

Listing Price: $2,533,500

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Walgreens Absolute NNN Lease (No ROFR)

Bettendorf, IA

Years Remaining On Lease: 1.8

Cap Rate: 7.50%

Listing Price: $4,584,080

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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.

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Research Video

Multifamily Well Positioned to Face Economic Headwinds

April 28, 2025

mm hospitality

Market Report

2025 Hospitality Investment Outlook

2025 Outlook

Research Video

Emerging Signals in the Office Investment Market

April 23, 2025

Research Video

Private Investors Taking the Lead in CRE Investment?

April 21, 2025

Research Video

How Consumer Sentiment Could Shape Multifamily Demand

April 18, 2025

GDP

Research Brief

Inflation

April 2025

Research Video

Financial Market Whiplash vs CRE Investment Durability

April 14, 2025

Research Video

Market Reacts to Tariffs – Implications for CRE?

April 7, 2025

Employment

Research Brief

Employment

April 2025

Research Video

Rising Above Uncertainty: A Five-Year Perspective

March 31, 2025

Research Video

The Forces Driving Long-Term Rental Housing Demand

March 24, 2025

Retail

Market Report

2025 U.S. Retail Investment Forecast

2025 Outlook

Research Video

High-Speed Cycles Require Long-Term Thinking

March 17, 2025

whats-in-store-for-investors-in-2023

Research Video

Economic Uncertainty To Favor Real Estate?

March 10, 2025

Employment

Research Brief

Employment

March 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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Choice Hotels 69th Annual Convention
Industry Events

Choice Hotels 69th Annual Convention

Mandalay Bay, Las Vegas, NV
April 29 – May 1, 2025
Dobbs Tire Wentzville

Press Releases

Marcus & Millichap Arranges $3.87M Sale-Leaseback of Dobbs Tire & Auto Property in Wentzville, Missouri

Marcus & Millichap announced today the sale of a net-leased Dobbs Tire & Auto property in Wentzville, Missouri for $3,872,000.

April 23, 2025

The Liberty

Press Releases

Marcus & Millichap Brokers $59 Million Luxury Multifamily Asset Sale in Suburban Minneapolis

Marcus & Millichap announced today the sale of The Liberty, a 242-unit multifamily property in Golden Valley, Minnesota.

April 22, 2025

Walmart Shadow Center Wisconsin

Press Releases

Marcus & Millichap Arranges $2.87M Sale of Wisconsin Rapids Retail Center

Marcus & Millichap announced today the sale of a two-building, six-suite retail center in Wisconsin Rapids, Wisconsin for $2,875,000.

April 22, 2025

Goddard School

Press Releases

Marcus & Millichap Announces Sale of Net-Lease Childcare Facility in Keller, Texas

Marcus & Millichap announced today the sale of a net-leased childcare facility occupied by The Goddard School.

April 22, 2025

Starbucks Shops Arizona

Press Releases

Marcus & Millichap Arranges $6.65 Million Sale of Starbucks-Anchored Retail Strip in Chandler, Arizona

Marcus & Millichap announced today the sale of a three-suite retail strip property in Chandler, Arizona for $6.65 million.

April 21, 2025

NM Self Storage

Press Releases

Marcus & Millichap Arranges Sale of 292-Unit Self-Storage Portfolio in Clovis, N.M.

Marcus & Millichap announced today the sale of a two property, 292-unit self-storage portfolio in Clovis, New Mexico.

April 21, 2025

Oasis Hotel

Press Releases

Marcus & Millichap Announces Sale of 45-Room Oasis Hotel Property in Sheboygan Falls, Wisconsin

Marcus & Millichap announced today the sale of the 45-room Oasis Hotel in Sheboygan Falls, Wisconsin for $2.5 million.

April 09, 2025

Busy Bees Cactus

Press Releases

Marcus & Millichap Arranges $3.3M Sale of Net-Leased Childcare Facility in Phoenix

Marcus & Millichap announced today the sale of a net-leased childcare facility occupied by Busy Bees in Phoenix for $3.3 million.

April 09, 2025

Trevor's

Press Releases

Marcus & Millichap Arranges $6.2M Sale of Net-Leased Restaurant Property in Phoenix

Marcus & Millichap announced today the sale of a Trevor’s, a triple net leased restaurant property located in Phoenix, Arizona.

April 09, 2025

Hampton Inn Caryville

Press Releases

Marcus & Millichap Arranges Sale of 62-Room Hampton Inn in Caryville, Tennessee

Marcus & Millichap announced today the sale of a 62-room Hampton Inn hotel property in Caryville, Tennessee for $5,875,000.

April 03, 2025

Five Star Store It

Press Releases

Marcus & Millichap Arranges Sale of 1,103-Unit Self-Storage Property in Detroit MSA

Marcus & Millichap announced today the sale of Five Star Store It, a 1,103-unit self-storage property located in Westland, Michigan.

April 02, 2025

Busy Bees Chandler

Press Releases

Marcus & Millichap Brokers $3.35M Sale of Busy Bees Childcare Property in Chandler, Arizona

Marcus & Millichap announced today the sale of a net-leased childcare facility occupied by Busy Bees in Chandler, Arizona for $3.35 million.

April 02, 2025

MHI 2025 Congress & Expo
Industry Events

MHI 2025 Congress & Expo

Rosen Shingle Creek, Orlando, FL
May 5 – May 7, 2025
ICSC LAS VEGAS
Industry Events

ICSC LAS VEGAS

Las Vegas Convention Center, Las Vegas, NV
May 18 – May 20, 2025

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News & Events