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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.

Joe Powers

Joe Powers

Managing Director, Market Leader - Chicago
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.

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Land

Hotel Development Opportunity

Gwinn, MI

Lot Size: 2.00 acres

Listing Price: $230,000

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Apartments

Downtown Lansing Mixed-Use

Lansing, MI

Number of Units: 12

Cap Rate: 9.11%

Listing Price: $1,800,000

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Net Lease

Broadway Pizza

Rochester, MN

Cap Rate: 8.50%

Listing Price: $2,400,000

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Net Lease

7 Brew | New 15-Yr NNN GL | 37-Unit Guaranty | Walmart Anchor | Rockford, IL

Rockford, IL

Years Remaining On Lease: 14.9

Cap Rate: 6.25%

Listing Price: $1,920,000

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Net Lease

Tutor Time

Dublin, OH

Years Remaining On Lease: 6.2

Cap Rate: 7.35%

Listing Price: $3,685,700

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Land

Redevelopment Forsyth Township Hotel

Gwinn, MI

Lot Size: 2.00 acres

Listing Price: $1,300,000

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Retail

Sherwin Williams Plaza

Coldwater, MI

Price/Gross SF: $48.13

Cap Rate: 9.97%

Listing Price: $499,000

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Chipotle | New 15 Year Walmart Outlot

Montgomery, IL

Years Remaining On Lease: 14.7

Cap Rate: 5.35%

Listing Price: $3,600,000

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7 Brew 15-Year NNN Ground Lease | New Construction

Plainfield, IL

Years Remaining On Lease: 14.8

Cap Rate: 6.00%

Listing Price: $2,500,000

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Apartments

Atkins

Lakewood, OH

Number of Units: 11

Cap Rate: 6.63%

Listing Price: $1,275,000

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Retail

AT&T and FedEx Anchored Medtail Center

Crestwood, IL

Price/Gross SF: $395.65

Cap Rate: 6.75%

Listing Price: $6,256,000

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Dunkin' Donuts

Derby, KS

Years Remaining On Lease: 12.5

Cap Rate: 6.60%

Listing Price: $1,600,000

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Hospitality/Golf

2017 Build Motel 6 Mankato – Deliverable With or Without Flag

Mankato, MN

Price/Room: $57,561

Cap Rate: 8.70%

Listing Price: $3,799,000

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Apartments

Piqua - 701 Wayne

Piqua, OH

Number of Units: 8

Cap Rate: 6.50%

Listing Price: $650,000

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Hospitality/Golf

Econolodge Belle Fourche

Belle Fourche, SD

Cap Rate: 8.40%

Listing Price: $2,350,000

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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.

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Research Video

Slowing Development Key to CRE Outlook

October 16, 2026

Research Video

Job Creation Downshift Reshapes CRE Outlook

October 9, 2026

Housing

Research Brief

Housing

October 2026

Employment

Research Brief

Employment

October 2026

Research Video

Despite Headwinds, Economy Remains Durable

October 2, 2026

Research Video

Strong Retail Sales Reinforce CRE Outlook

September 23, 2026

Economy

Research Brief

Retail Sales

September 2026

Research Video

Fed Rate Hike: Challenge or Opportunity?

September 18, 2026

GDP

Research Brief

Financial Markets

September 2026

mm financial

Research Brief

Inflation

September 2026

Research Video

Three Forces Pushing Interest Rates Higher

September 11, 2026

Employment

Research Brief

Employment

September 2026

Research Video

Investors Increasingly Focus on Smaller Metros

September 4, 2026

Housing

Research Brief

Housing

September 2026

Research Video

The Investors Driving CRE Transaction Velocity

August 28, 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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The Reserve at Greenwood Hills

Press Releases

Marcus & Millichap Arranges $5.53M Sale of Luxury Multifamily Community in Wausau, Wisconsin

Marcus & Millichap announced today the sale of The Reserve at Greenwood Hills, a 16-unit luxury multifamily community in Wausau, Wisconsin.

October 14, 2026

Briggs Flats

Press Releases

Marcus & Millichap Brokers $2.2M Sale of 22-Unit Multifamily Property in Indianapolis

Marcus & Millichap announced today the sale of Briggs Flats, a 22-unit multifamily property in Indianapolis, Indiana.

October 14, 2026

Learning Tree

Press Releases

Marcus & Millichap Arranges $2.97M Sale of The Learning Tree Child-Care Facility in Huntley, Illinois

Marcus & Millichap announced today the sale of a net-leased child-care facility occupied by The Learning Tree, in Huntley, Illinois.

October 13, 2026

Mister Car Wash

Press Releases

Marcus & Millichap Arranges $6.01M Sale of Mister Car Wash in Port Charlotte, Florida

Marcus & Millichap announced today the sale of a net-leased Mister Car Wash property in Port Charlotte, Florida.

October 13, 2026

NIC Fall Conference 2026
Industry Events

NIC Fall Conference

Sheraton Grand Chicago Riverwalk, Chicago, IL
October 21 – October 23, 2026
3720 E State St, Rockford, IL 61108

Press Releases

Marcus & Millichap Brokers Sale of Self-Storage Facility and Retail Center in Rockford, Illinois

Marcus & Millichap announced today the sale of 3720 E. State St., a self-storage facility and retail center in Rockford, Illinois

October 12, 2026

Starbucks Hartselle

Press Releases

Marcus & Millichap Brokers $2.8M Sale of Starbucks Property in Hartselle, Alabama

Marcus & Millichap announced today the sale of a net-leased Starbucks property in Hartselle, Alabama, for $2,794,117.

October 12, 2026

Bloomberg Features Hessam Nadji

Video

Bloomberg Features Marcus & Millichap CEO Hessam Nadji

How Will CRE Investors Adapt? Rising Interest Rates and The CRE Space Demand

October 09, 2026

WMA Convention & Expo 2026
Industry Events

WMA Convention & Expo

M Resort Spa Casino, Henderson, NV
October 26 – October 29, 2026
Canton Manor

Press Releases

Marcus & Millichap Brokers $3.8M Sale of 55-Unit Multifamily Community in Canton, Michigan

Marcus & Millichap announced today the sale of Canton Manor Apartments, an age 55 and older multifamily community in Canton, Michigan.

October 07, 2026

Marcus & Millichap

Awards

Dominic Sulo Recognized by Crain’s Chicago Business 40 Under 40

Dominic Sulo, senior managing director investments in Marcus & Millichap’s Chicago Oak Brook office, was recognized by Crain’s Chicago Business as part of its 2026 40 Under 40 program.

October 06, 2026

Marcus & Millichap

Awards

Seth Haron Recognized by Crain's Detroit as Part of Its 40 Under 40 Program

Seth Haron, Managing Director Investments in Marcus & Millichap's Detroit office, was recognized by Crain's Detroit as part of its 40 Under 40 program.

October 05, 2026

CNBC Features Hessam Nadji

Video

CNBC Features Marcus & Millichap CEO Hessam Nadji

Will Elevated Interest Rates Force CRE Pricing Recalibration?

October 05, 2026

Coldwater Plaza

Press Releases

Marcus & Millichap Arranges $2.58M Sale of Big Red Liquors Anchored Shopping Center in Fort Wayne, Indiana

Marcus & Millichap announced today the sale of Coldwater Plaza, a four tenant retail strip property located in Fort Wayne, Indiana.

October 05, 2026

Southtown Shopping Center

Press Releases

Marcus & Millichap Brokers Sale of 15-Suite Retail Property in West Allis, Wisconsin

Marcus & Millichap announced today the sale of Southtown Shopping Center, a three-property, 15-suite retail portfolio including a Panera Bread outlot and Krispy Kreme ground lease, located in West Allis, Wisconsin.

September 30, 2026

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News & Events