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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

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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Pizza Hut |Absolute NNN Lease | ±13 Years Remaining |1.5% Annual Rent Increases

Larned, KS

Years Remaining On Lease: 12.6

Cap Rate: 7.50%

Listing Price: $910,841

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Sunrise Social Café - Trader Joe's Outparcel

Algonquin, IL

Years Remaining On Lease: 9.5

Cap Rate: 8.00%

Listing Price: $2,431,400

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T-Mobile

Lansing, IL

Years Remaining On Lease: 1.9

Cap Rate: 7.50%

Listing Price: $1,666,893

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Walgreens

Kalamazoo, MI

Years Remaining On Lease: 7.8

Cap Rate: 9.00%

Listing Price: $4,167,000

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Taco Bell

Chicago, IL

Years Remaining On Lease: 24.2

Cap Rate: 5.85%

Listing Price: $2,290,598

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Retail

Oakside Plaza

Schererville, IN

Price/Gross SF: $138.79

Cap Rate: 8.50%

Listing Price: $3,920,000

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Taco Bell (#1 Franchisee)

Lebanon, IN

Years Remaining On Lease: 5.0

Cap Rate: 6.75%

Listing Price: $1,680,000

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Pop Craft Studio

Chicago, IL

Years Remaining On Lease: 4.9

Cap Rate: 8.50%

Listing Price: $649,412

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Retail

VA Outpatient Clinic (Medical Office)

Harrisburg, IL

Price/Gross SF: $201.68

Cap Rate: 10.02%

Listing Price: $2,400,000

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Retail

Salem Shopping Center

Salem, IL

Price/Gross SF: $153.87

Cap Rate: 9.00%

Listing Price: $4,231,500

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CVS

Iowa City, IA

Years Remaining On Lease: 5.6

Cap Rate: 8.25%

Listing Price: $3,188,315

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Retail

Sherwin Williams Plaza

Coldwater, MI

Price/Gross SF: $53.05

Cap Rate: 9.05%

Listing Price: $550,000

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Apartments

Marquette Multifamily Portfolio

Milwaukee, WI

Number of Units: 8

Cap Rate: 8.95%

Listing Price: $1,200,000

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Walgreens | Lafayette, IN

Lafayette, IN

Years Remaining On Lease: 6.6

Cap Rate: 10.50%

Listing Price: $3,133,330

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Walgreens | Kendallville, IN

Kendallville, IN

Years Remaining On Lease: 6.6

Cap Rate: 10.50%

Listing Price: $3,028,500

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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

Research Video

How Stronger Hiring and Rising Inflation Could Shape CRE

June 12, 2026

GDP

Research Brief

Inflation

June 2026

Employment

Research Brief

Employment

June 2026

Research Video

Inflation vs. Summer Travel — Hospitality Outlook

June 5, 2026

Research Video

The Forces Driving Interest Rates

May 29, 2026

Research Video

The Forces Driving the Industrial Real Estate Outlook

May 22, 2026

Employment

Research Brief

Retail Sales

May 2026

GDP

Research Brief

Inflation

May 2026

Research Video

What Is Fueling Retail Investment Momentum?

May 15, 2026

Employment

Research Brief

Employment

May 2026

Research Video

Three Trends Shaping the Multifamily Outlook

May 8, 2026

mm industrial

Market Report

2026 U.S. Industrial Investment Outlook Midyear

2026 Outlook

GDP

Research Brief

Financial Markets

May 2026

GDP

Research Brief

Gross Domestic Product

May 2026

Housing

Research Brief

Housing

May 2026

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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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935-937 West Armitage Avenue

Press Releases

Marcus & Millichap Arranges $6.6M Sale of Mixed-Use Property in Chicago’s Lincoln Park Neighborhood

Marcus & Millichap announced today the sale of 935-937 W. Armitage Ave., a mixed-use multifamily and retail property in Chicago's Lincoln Park neighborhood.

June 18, 2026

1316 Bond St

Press Releases

Marcus & Millichap Arranges $3.7M Sale of Single-Tenant Professional Flex Building in Naperville, Illinois

Marcus & Millichap announced today the sale of 1316 Bond St., a 22,178-square-foot office property occupied by Weaver Consulting Group, in Naperville, Illinois.

June 18, 2026

Chipotle & Scout Vet

Press Releases

Marcus & Millichap Brokers Sale of Chipotle-Anchored Retail Property in Wheaton, Illinois

Marcus & Millichap announced today the sale of a two-tenant retail center occupied by Chipotle and Scout Veterinarian Urgent Care in Wheaton, Illinois.

June 18, 2026

Grand Plaza East

Press Releases

Marcus & Millichap Brokers $2.85M Sale of Five-Suite Retail Center in Waukegan, Illinois

Marcus & Millichap announced today the sale of Grand Plaza East, a five-suite retail center located in Waukegan, Illinois.

June 18, 2026

Marcus & Millichap

Press Releases

Marcus & Millichap Names Brown & Brown Preferred Partner for Insurance and Risk Management

Providing commercial real estate investors greater visibility into insurance costs and risk

June 18, 2026

North Clark Medical Office Portfolio

Press Releases

Marcus & Millichap Arranges Sale Leaseback of Three Building Medical Office Portfolio in Jeffersonville, Indiana

Marcus & Millichap announced today the sale-leaseback of a three-building, 34,313-square-foot medical office portfolio in the Louisville MSA.

June 17, 2026

Airport Technology Park Flex Center

Press Releases

Marcus & Millichap Arranges $2.1M Sale of Single-Tenant Industrial Property Near Indianapolis International Airport

Marcus & Millichap announced today the sale of 7770 W. New York St., a 16,000-square-foot single-tenant industrial property in Indianapolis.

June 16, 2026

Cedar Springs

Press Releases

Marcus & Millichap Announces Sale of 10-Suite Retail Strip Property in Cedar Springs, Michigan

Marcus & Millichap announced today the sale of Cedar Springs Retail Center, a 10-suite strip center in Cedar Springs, Michigan.

June 15, 2026

IL-SSA Great Lakes Owners Summit & Expo
Industry Events

IL-SSA Great Lakes Owners Summit & Expo

Union League Club of Chicago, Chicago, IL
June 23 – June 24, 2026
Grand Marquis Waterpark Hotel & Suites

Press Releases

Marcus & Millichap Arranges Sale of Grand Marquis Waterpark Hotel & Suites in Wisconsin Dells

Marcus & Millichap announced today the sale of Grand Marquis Waterpark Hotel & Suites, a 93-room hotel with an expansive indoor and outdoor waterpark, located in Wisconsin Dells.

June 09, 2026

Atlanta Autism Center

Press Releases

Marcus & Millichap Brokers $7.2M Sale of Medical Office Property Leased to the Atlanta Autism Center

Marcus & Millichap announced today the sale of 4170 Tanners Creek Drive, a 20,000-square-foot medical office property, occupied by Atlanta Autism Center, in Flowery Branch, Georgia.

June 09, 2026

Clark Properties Alton Center Business Park

Press Releases

Marcus & Millichap Arranges $15M Sale and Financing of 450,400-Square-Foot Industrial Property in Alton, Illinois

Marcus & Millichap announced today the sale of Alton Center Business Park, a 450,400-square-foot industrial property located in the St. Louis MSA.

June 08, 2026

Marcus & Millichap

Press Releases

Marcus & Millichap Launches Preferred Partner Program

New initiative expands access to trusted service providers that support commercial real estate investors throughout the ownership lifecycle.

June 04, 2026

Orchard Courts Apartments

Press Releases

Marcus & Millichap Facilitates Sale of 160-Unit Multifamily Property in Kenosha, Wisconsin

Marcus & Millichap announced today the sale of Orchard Courts Apartments, a 160-unit multifamily property in Kenosha, Wisconsin.

June 03, 2026

1503 North Wieland St

Press Releases

Marcus & Millichap Arranges $2.5M Sale of Eight-Unit Multifamily Property in Chicago

Marcus & Millichap announced today the sale of 1503 North Wieland Street, an eight-unit multifamily property located in Chicago’s Old Town neighborhood.

June 02, 2026

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News & Events