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Chicago, Illinois

Commercial Real Estate in Chicago Downtown

Contact Our Office

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
Clayton Isacson

Clayton Isacson

Sales Manager
Direct: (312) 327-5471
View Chicago Downtown agents & originators

The Chicago Downtown Office

Marcus & Millichap’s Chicago Downtown office supports real estate investors with brokerage, advisory, and financing services focused on downtown Chicago and surrounding markets. Our Chicago commercial real estate brokers are active in office, retail, multifamily, hospitality, manufactured housing, and medical office asset classes. With deep regional knowledge and access to the firm’s national real estate properties for sale platform, the team delivers tailored guidance backed by Marcus & Millichap Capital Corporation (MMCC) loan origination resources.

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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New Listing
Bidding Starts: Nov 3, 2025
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Apartments

AUCTION - Arlington Apartments

Toledo, OH

Number of Units: 24

Bidding Ends: Nov 5, 2025

Starting Bid: $300,000

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Apartments

18th & 18th Mixed-Use Portfolio

Moline, IL

Number of Units: 14

Cap Rate: 9.52%

Listing Price: $1,005,000

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Retail

North Randall Center

Cleveland, OH

Price/Gross SF: $139.26

Cap Rate: 9.00%

Listing Price: $1,880,000

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Retail

3-Tenant Retail Outparcel

Homewood, IL

Price/Gross SF: $283.25

Cap Rate: 7.75%

Listing Price: $1,395,000

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Self-Storage

Payless Self Storage

Springfield, OH

Year Built: 1996

Cap Rate: 5.05%

Listing Price: $2,900,000

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Apartments

1501 Riverside

Dayton, OH

Number of Units: 14

Listing Price: $535,000

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Industrial

Interior Design Center of Saint Louis

St. Louis, MO

Price/Gross SF: $119.43

Cap Rate: 7.89%

Listing Price: $11,000,000

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Net Lease

AYR Wellness

Parma Heights, OH

Years Remaining On Lease: 10.0

Cap Rate: 10.29%

Listing Price: $1,750,000

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Bidding Starts: Oct 27, 2025
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Apartments

Auction - Olde Towne Apartments | 218 Units | Vacant

Springfield, IL

Number of Units: 218

Bidding Ends: Oct 29, 2025

Starting Bid: $1,250,000

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Net Lease

Chihuaz Auto Repair

Indianapolis, IN

Years Remaining On Lease: 4.4

Cap Rate: 9.00%

Listing Price: $1,448,556

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Net Lease

Bob Evans | Absolute Net Lease | 2% Annual Increases | 11+ Years Remaining | Adjacent To I-72 Exit

Springfield, IL

Years Remaining On Lease: 11.6

Cap Rate: 6.97%

Listing Price: $1,650,000

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Net Lease

Dollar General

Pierpont, OH

Years Remaining On Lease: 9.5

Cap Rate: 7.25%

Listing Price: $1,280,772

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Manufactured Housing

Sunny Terrace

Le Center, MN

Price/Space: $49,762

Cap Rate: 6.43%

Listing Price: $2,090,000

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Manufactured Housing

Radio City

Des Moines, IA

Price/Space: $61,032

Cap Rate: 6.30%

Listing Price: $9,460,000

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Apartments

Sheridan Apartments

Pekin, IL

Number of Units: 24

Cap Rate: 8.79%

Listing Price: $1,395,000

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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
GDP

Research Brief

Financial Markets

September 2025

GDP

Research Brief

Inflation

September 2025

Research Video

CRE at a Crossroads: Jobs, Rates and Market Liquidity

September 15, 2025

Employment

Research Brief

Employment & Rates

September 2025

Employment

Research Brief

Employment

September 2025

Research Video

If The Fed Cuts Interest Rates, Will Cap Rates Follow?

September 8, 2025

US Money

Research Brief

Cap Rates

September 2025

Research Video

Will A Wave Of Distressed CRE Come To Market?

September 2, 2025

mm financial

Research Brief

CRE Distress Update

September 2025

Housing

Research Brief

Housing

August 2025

mm retail

Market Report

Retail National Report

3Q 2025

Research Video

Durable Retail Sales Positive For CRE

August 25, 2025

Economy

Research Brief

Retail Sales

August 2025

Research Video

Inflation Still Looks Tame – Should the Fed Cut Rates?

August 18, 2025

GDP

Research Brief

Inflation

August 2025

Keep Exploring

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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Capital City Storage

Press Releases

Marcus & Millichap Arranges Sale of Two-Property Self-Storage Portfolio in Topeka, Kansas

Marcus & Millichap announced today the sale of a two-property, 580-unit self-storage portfolio in Topeka, Kansas.

September 16, 2025

Children's Courtyard

Press Releases

Marcus & Millichap Facilitates Sale of Net-Leased Childcare Facility in Southlake, Texas

Marcus & Millichap announced today the sale of a net-leased childcare facility, occupied by The Children’s Courtyard, in Southlake, Texas.

September 16, 2025

Holiday Plaza

Press Releases

Marcus & Millichap Arranges Sale of 13-Suite Retail Property in Harwood Heights, Illinois

Marcus & Millichap announced today the sale of Holiday Plaza, a 13-suite retail property in Harwood Heights, Illinois.

September 15, 2025

Crescent Creek Apartments

Press Releases

Marcus & Millichap Arranges $5.53M Sale of 96-Unit Multifamily Property in Peoria, Ill.

Marcus & Millichap announced today the sale of Crescent Creek Apartments, a 96-unit multifamily property in Peoria, Illinois, for $5.53 million.

September 15, 2025

Pacesetter Plaza

Press Releases

Marcus & Millichap Arranges $3.7M Sale of 17-Suite Retail Strip in Chicagoland Suburb

Marcus & Millichap announced today the sale of Pacesetter Plaza, a 17-suite retail strip anchored by Family Dollar in South Holland, Illinois.

September 15, 2025

Bank of America

Press Releases

Marcus & Millichap Arranges Sale of Net-Leased Bank of America Property in Humble, Texas

Marcus & Millichap announced today the sale of a net-leased Bank of America property in Humble, Texas.

September 15, 2025

Whitney Point Apartments

Press Releases

Marcus & Millichap Arranges Sale of Multifamily and Retail Mixed-Use Property in Madison, Wisconsin

Marcus & Millichap announced today the sale of Whitney Point Apartments, a mixed-use property with 48 multifamily units and three retail suites, located in Madison, Wisconsin.

September 10, 2025

Caliber Collision Indiana

Press Releases

Marcus & Millichap Arranges $3.78M Sale of Caliber Collision Property in Greenwood, Indiana

Marcus & Millichap announced today the sale of a net-leased Caliber Collision property in Greenwood, Indiana, for $3,778,000.

September 09, 2025

River Shore Apartments

Press Releases

Marcus & Millichap Arranges $4.3M Sale of 48-Unit Multifamily Property in South Bend, Indiana

Marcus & Millichap announced today the sale of River Shore Apartments, a 48-unit multifamily property in South Bend, Indiana, for $4.3 million.

September 04, 2025

Walmart Shadow Anchored Center

Press Releases

Marcus & Millichap Arranges $3M Sale of 11-Suite Retail Strip in Taylorville, Illinois

Marcus & Millichap announced today the sale of an 11-suite retail strip, shadow-anchored by Walmart, in Taylorville, Illinois.

September 03, 2025

Grocery and Medical Anchored Center

Press Releases

Marcus & Millichap Facilitates $14.6M Sale of 35-Suite Retail Center in Schaumburg, Illinois

Marcus & Millichap announced today the sale of a 35-suite grocery and medical anchored shopping center in Schaumburg, Illinois, for $14,625,000.

September 03, 2025

Highlands of Lombard

Press Releases

Marcus & Millichap Brokers $5.59M Sale of Six-Suite Retail Strip in Lombard, Illinois

Marcus & Millichap announced today the sale of Highlands of Lombard, a six-suite retail strip in Lombard, Illinois, for $5.59 million.

September 03, 2025

The Lodging Conference
Industry Events

The Lodging Conference

JW Marriott Phoenix Desert Ridge Resort & Spa, Phoenix, AZ
October 6 – October 10, 2025
2025 WMA Convention & Expo
Industry Events

2025 WMA Convention & Expo

Peppermill Resort, Reno, NV
October 6 – October 9, 2025
CREW Network Convention
Industry Events

CREW Network Convention

Fairmont Hotel, Austin, TX
October 8 – October 10, 2025

Keep Exploring

News & Events