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Chicago, Illinois

Commercial Real Estate in Chicago Downtown

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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

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.

VIEW AVAILABLE MIDWEST LISTINGS VIEW AVAILABLE U.S. & CANADA LISTINGS
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Industrial

8338 Austin Ave

Morton Grove, IL

Price/Gross SF: $54.26

Cap Rate: 7.48%

Listing Price: $8,250,000

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Hospitality/Golf

Proposed Holiday Inn Express and Candlewood Suites Bloomington (Land Development Site)

Bloomington, IL

Price/Room: $9,643

Cap Rate: 1.00%

Listing Price: $1,350,000

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Industrial

Vacant Industrial | Winnebago County

Rockford, IL

Price/Gross SF: $34.72

Cap Rate: 12.29%

Listing Price: $850,000

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Net Lease

Regions Bank

Fenton, MO

Years Remaining On Lease: 5.3

Cap Rate: 7.00%

Listing Price: $833,500

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Hospitality/Golf

Quality Inn Redgranite

Redgranite, WI

Price/Room: $40,000

Cap Rate: 8.76%

Listing Price: $1,600,000

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Apartments

Underhill Apartments

Peoria, IL

Number of Units: 20

Cap Rate: 8.66%

Listing Price: $1,600,000

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Hospitality/Golf

Staybridge Suites Omaha 80th & Dodge

Omaha, NE

Price/Room: $127,451

Cap Rate: 6.40%

Listing Price: $13,000,000

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Net Lease

Sinclair

Duluth, MN

Years Remaining On Lease: 19.8

Cap Rate: 8.00%

Listing Price: $1,900,000

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Net Lease

The Learning Experience

Strongsville, OH

Years Remaining On Lease: 20.7

Cap Rate: 7.35%

Listing Price: $5,714,000

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Self-Storage

Heartland Storage

Lafayette, IN

Year Built: 1959

Cap Rate: 6.62%

Listing Price: $10,600,000

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Land

Former Denny's - Redevelopment Opportunity

Mattoon, IL

Lot Size: 1.22 acres

Listing Price: $700,000

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Net Lease

LA Fitness | Carmel, IL

Carmel, IN

Years Remaining On Lease: 16.6

Cap Rate: 6.75%

Listing Price: $13,155,556

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Net Lease

VASA Fitness | Lafayette, IN

Lafayette, IN

Years Remaining On Lease: 9.3

Cap Rate: 8.00%

Listing Price: $9,256,238

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Net Lease

VASA Fitness | 2,580+ Check-Ins Per Day (Placer.ai) | Freestanding Abs. NNN Lease | Milwaukee MSA

New Berlin, WI

Years Remaining On Lease: 11.8

Cap Rate: 7.25%

Listing Price: $11,747,578

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Apartments

Hammond North

Cincinnati, OH

Number of Units: 180

Listing Price: Request For Offer

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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
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

Research Video

The Forces Driving Interest Rates Lower – Will They Last?

August 11, 2025

Research Video

CRE Space Demand Trends for 2Q

August 4, 2025

Employment

Research Brief

Employment

August 2025

GDP

Research Brief

Gross Domestic Product

August 2025

Research Video

Why CRE Fundamentals Are Poised To Improve

July 28, 2025

Economy

Research Brief

Retail Sales

July 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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CRE.Converge
Industry Events

NAIOP CRE.Converge

Sheraton Centre Toronto, Toronto, Ontario
September 8 – September 10, 2025
SSA 2025 Fall Conference & Trade Show
Industry Events

SSA 2025 Fall Conference & Trade Show

Aria Resort & Casino, Las Vegas, NV
September 2 – September 5, 2025
2025 NIC Fall Conference
Industry Events

2025 NIC Fall Conference

JW Marriott, Austin, TX
September 8 – September 10, 2025
Former Auto Dealership

Press Releases

Marcus & Millichap Arranges Sale of Former Auto Dealership Property in Madison Heights, Michigan

Marcus & Millichap announced today the sale of 101 W. 14 Mile Rd., a former auto dealership property, in Madison Heights, Michigan.

August 26, 2025

Eola Crossing

Press Releases

Marcus & Millichap Arranges $2.8M Sale of 9-Suite Retail Strip in Aurora, Illinois

Marcus & Millichap announced today the sale of Eola Crossing, a 9-suite retail strip in Aurora, Illinois, for $2,825,000.

August 26, 2025

Noble Square Portfolio

Press Releases

Marcus & Millichap Brokers $7.9M Sale of 38-Unit Multifamily Portfolio in Chicago

Marcus & Millichap announced today the sale of a six-property, 38-unit multifamily property portfolio in the Noble Square neighborhood of Chicago, Illinois.

August 26, 2025

Bloomington Commons

Press Releases

Marcus & Millichap Arranges $13.4M Sale of Schnucks-Anchored Shopping Center in Bloomington, Illinois

Marcus & Millichap announced today the sale of Bloomington Commons, a 15-suite shopping center anchored by Schnucks in Bloomington, Illinois.

August 20, 2025

1813 Park Ave

Press Releases

Marcus & Millichap Arranges Sale and Financing of Two-Suite Retail Property in Plover, Wisconsin

Marcus & Millichap announced today the sale and financing of 1813-1819 Park Ave., a two-suite retail property in Plover, Wisconsin.

August 20, 2025

KDC Portfolio

Press Releases

Marcus & Millichap Arranges $7.4M Sale of Multifamily Portfolio in Indiana

Marcus & Millichap announced today the sale of a portfolio including 76 apartment units and three retail units in Hartford City, Spiceland, Knightstown and Rushville, Indiana.

August 19, 2025

Park Forest Apartments

Press Releases

Marcus & Millichap Facilitates $4.85M Sale of 64-Unit Multifamily Property in Marion, Indiana

Marcus & Millichap announced today the sale of Park Forest Apartments, a 64-unit multifamily property in Marion, Indiana, for $4.85 million.

August 19, 2025

Busy Bees El Mirage

Press Releases

Marcus & Millichap Arranges $3.35M Sale of Busy Bees Child Care Center in El Mirage, Arizona

Marcus & Millichap announced today the sale of a net-leased childcare facility occupied by Busy Bees Child Care Center in El Mirage, Arizona, for $3,350,000.

August 18, 2025

Planet Fitness.DollarTree.Dillons

Press Releases

Marcus & Millichap Brokers $3.4M Sale of Five-Suite Retail Strip in Hutchinson, Kansas

Marcus & Millichap announced today the sale of 401 E. 4th Ave., a four-suite retail strip and a Dillon’s Fuel Station Ground Lease in Hutchinson, Kansas.

August 18, 2025

Forefront Dermatology

Press Releases

Marcus & Millichap Arranges $2.5M Sale of Medical Office Property in Libertyville, Ill.

Marcus & Millichap announced today the sale of 1234 N Milwaukee Ave., a net-leased medical office occupied by Forefront Dermatology in Libertyville, Illinois.

August 14, 2025

AmericInn Detroit Lakes

Press Releases

Marcus & Millichap Brokers Sale of 46-Room AmericInn Hotel in Detroit Lakes, Minn.

Marcus & Millichap announced today the sale of a 46-room AmericInn hotel property in Detroit Lakes, Minnesota.

August 14, 2025

8220 Fulton St E, Ada, MI 49301

Press Releases

Marcus & Millichap Arranges Sale of 342-Unit Self-Storage Facility Near Grand Rapids

Marcus & Millichap announced today the sale of Ada Attic Self-Storage, a 342-unit self-storage facility in Ada, Michigan

August 12, 2025

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News & Events