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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

Managing Director, Market Leader - Chicago
Direct: (312) 327-5460
Clayton Isacson

Clayton Isacson

Director, Sales Manager- Chicago
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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Office

South Hills Building I

Broadview Heights, OH

Price/Gross SF: $28.91

Cap Rate: 1.00%

Listing Price: $5,975,000

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Net Lease

Walgreens | Lafayette, IN

Lafayette, IN

Years Remaining On Lease: 6.8

Cap Rate: 10.00%

Listing Price: $3,290,000

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Walgreens | Kendallville, IN

Kendallville, IN

Years Remaining On Lease: 6.8

Cap Rate: 10.00%

Listing Price: $3,180,000

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Sunrise Social Café - Trader Joe's Outparcel

Algonquin, IL

Years Remaining On Lease: 9.7

Cap Rate: 7.25%

Listing Price: $2,683,000

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Single Tenant Hard Corner Walter E Smithe

Merrillville, IN

Years Remaining On Lease: 10.0

Listing Price: $6,474,757

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7 Year Dollar General

Lakota, ND

Years Remaining On Lease: 6.6

Cap Rate: 7.60%

Listing Price: $995,000

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KFC - Absolute Net (NNN) - 15+ Years Remaining - Cleveland MSA

Painesville, OH

Years Remaining On Lease: 15.2

Cap Rate: 6.25%

Listing Price: $1,438,000

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Medical Office

Meridian Health Services

Markle, IN

Gross SF: 6,014

Cap Rate: 8.50%

Listing Price: $1,130,000

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Freestanding Commercial Building | Springfield, IL

Springfield, IL

Listing Price: $975,000

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Retail

Midtowne Plaza

Lincoln, IL

Price/Gross SF: $237.93

Cap Rate: 7.75%

Listing Price: $1,380,000

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T-Mobile

Lansing, IL

Years Remaining On Lease: 2.0

Cap Rate: 7.14%

Listing Price: $1,750,000

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Apartments

2315 10th Avenue, South Milwaukee

South Milwaukee, WI

Number of Units: 11

Cap Rate: 7.35%

Listing Price: $3,850,000

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Office

Woodfield Grove Office Center

Schaumburg, IL

Cap Rate: 10.20%

Listing Price: $4,500,000

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Avis/Budget Rental Car

Royal Oak, MI

Years Remaining On Lease: 1.9

Cap Rate: 8.29%

Listing Price: $2,000,000

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Central Illinois Urgent Care Center

Forsyth, IL

Years Remaining On Lease: 5.5

Cap Rate: 7.75%

Listing Price: $1,065,000

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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

Inflation

April 2026

Research Video

Will Slowing Job Creation Weigh on CRE Space Demand?

April 9, 2026

Employment

Research Brief

Employment

April 2026

Research Video

Will Surging Home Mortgage Rates Influence CRE?

April 3, 2026

Housing

Research Brief

Housing

April 2026

Self-Storage

Market Report

2026 U.S. Self-Storage National Investment Outlook

2026 Outlook

Research Video

Key Trends Driving the 2026 Hospitality Outlook

March 27, 2026

GDP

Research Brief

Financial Markets

March 2026

Research Video

Four Trends CRE Investors Should Track

March 20, 2026

mm hospitality

Market Report

2026 Hospitality Investment Outlook

2026 Outlook

Research Video

How Iran Conflict Is Impacting The Economy and CRE

March 16, 2026

GDP

Research Brief

Inflation

March 2026

Research Video

CRE Retail Trends and Outlook for Top Markets

March 9, 2026

Employment

Research Brief

Employment

March 2026

mm retail

Market Report

2026 U.S. Retail Investment Forecast

2026 Outlook

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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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Midwest & Chicago Multifamily Forum
Marcus & Millichap Events

Midwest & Chicago Multifamily Forum

Radisson Blu Aqua Hotel, Chicago, IL
April 15, 2026
U.S. 30 Storage

Press Releases

Marcus & Millichap Arranges Sale of 500-Unit Self-Storage Property in Montgomery, Ill.

Marcus & Millichap announced today the sale of U.S. 30 Storage, a 500-unit self-storage property on Montgomery, Illinois.

April 15, 2026

Clay Town Center

Press Releases

Marcus & Millichap Arranges $8.4M Sale of 8-Suite Retail Property in Middleburg, Florida

Marcus & Millichap announced today the sale of a 17,400-square-foot, eight-suite retail center in Middleburg, Florida.

April 15, 2026

Former Hampton Inn

Press Releases

Marcus & Millichap Arranges Sale of 117-Room Former Hampton Inn in Lakeville, Minn.

Marcus & Millichap announced today the sale of a 117-room Former Hampton Inn hotel in Lakeville, Minnesota.

April 14, 2026

Oakwood Plaza

Press Releases

Marcus & Millichap Arranges $9.3M Sale of 16-Suite Retail Property in Alton, Illinois

Marcus & Millichap announced today the sale of Oakwood Plaza, a 16-suite retail property located in Alton, Illinois, for $9.3 million.

April 14, 2026

7 Brew & Chipotle

Press Releases

Marcus & Millichap Arranges $4.25M Sale of Chipotle and 7 Brew Properties in Valparaiso, Indiana

Marcus & Millichap announced today the sale of adjacent Chipotle and 7 Brew properties in Valparaiso, Indiana.

April 13, 2026

Marcus & Millichap

Press Releases

Marcus & Millichap Releases Information Regarding Cybersecurity Incident

We recently identified unauthorized access to one of our systems through a phishing attack targeting an employee’s credentials.

April 12, 2026

Middle East Conflict: Implications for U.S. Economy and CRE
Marcus & Millichap Events

Middle East Conflict: Implications for U.S. Economy and CRE

Live Webcast
April 20, 2026
Starbucks Joliet

Press Releases

Marcus & Millichap Arranges $2.9M Sale and Financing of Starbucks Property in Joliet, Illinois

Marcus & Millichap announced today the sale of a net-leased Starbucks property in Joliet, Illinois, for $2,904,000.

April 07, 2026

Chipotle Wasau

Press Releases

Marcus & Millichap Arranges Sale and Financing of Chipotle Property in Wausau, Wis.

Marcus & Millichap announced today the sale of a net-leased Chipotle property located in Wausau, Wisconsin, for $2,475,893.

April 06, 2026

NAIOP National Forums Symposium 2026
Industry Events

NAIOP National Forums Symposium

The Hyatt Regency Salt Lake City and Salt Palace Convention Center, Salt Lake City, Utah
April 28 – April 30, 2026
BisNow3

Media

Fed Reforms Would Give Banks More Liquidity, But Murky Outlook Could Slow The Flow

The Federal Reserve's proposal to loosen the handcuffs placed on banks in the wake of the Global Financial Crisis marks a major shift in oversight that could unlock up to $175B in new capital for commercial real estate — should lenders choose to spend it. 

April 02, 2026

Everbrook Ostego

Press Releases

Marcus & Millichap Brokers $6.29M sale of Everbrook Academy Childcare Facility in Otsego, Minnesota

Marcus & Millichap announced today the sale of a net-leased childcare facility occupied by Everbrook Academy in Otsego, Minnesota.

March 31, 2026

Evergreen Townhomes

Press Releases

Marcus & Millichap Arranges $12.3M Sale of 76-Unit Townhome Community in Manitowoc, Wisconsin

Marcus & Millichap announced today the sale of Evergreen Townhomes, a 76-unit multifamily property in Manitowoc, Wisconsin.

March 31, 2026

Panera

Press Releases

Marcus & Millichap Arranges $2.45M Sale of Panera Property in Milwaukee

Marcus & Millichap announced today the sale of a net-leased Panera property located in Milwaukee, Wisconsin, for $2.45 million.

March 30, 2026

Keep Exploring

News & Events