- Just 2 miles from the heart of downtown
- 100% occupied multifamily asset
- Starting bid $300,000
- Just 2 miles from the heart of downtown
- 100% occupied multifamily asset
- Starting bid $300,000
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Chicago, Illinois, is home to a large population and presents a strong opportunity for commercial real estate investing. The city benefits from well-developed infrastructure like O'Hare International Airport, one of the world’s busiest airports, and its role as the main railroad hub in the nation, providing a solid foundation for commercial properties. With a GDP of $689 billion, Chicago supports a diverse range of businesses thanks to its varied economy. The presence of top educational institutions such as the University of Chicago and Northwestern University ensures a skilled workforce, enhancing the city’s appeal for commercial real estate investments. Additionally, Chicago’s location on Lake Michigan has historically driven its economic growth, offering businesses distinct geographic benefits. The commercial real estate market in Chicago is supported by excellent infrastructure, strategic positioning, and skilled labor, with 963 listings currently on offer.
Commercial real estate in Chicago is favored by its extensive transportation network and varied economy, making it an ideal place for businesses to grow or establish themselves. With 963 listings available, investors can explore a broad selection of opportunities. Residential buildings serve the city’s large and varied population, offering living spaces that contribute to a lively city life. There is plenty of office space, reflecting Chicago’s status as a leading business and financial hub, while hotels benefit from Chicago’s popularity as a major tourist destination and a center for international meetings and conventions.
The cost of purchasing commercial real estate in Chicago varies, reflecting the diverse market and property options available. The average price per square foot for commercial real estate is $289, and the average size of available properties is 34,626 SF.
Commercial Real Estate Size | Square Feet |
---|---|
Maximum | 1,159,716 SF |
Average | 34,626 SF |
Minimum | 355 SF |
Commercial Real Estate Price | Price Per SF |
---|---|
Maximum | $3,770 Per SF |
Average | $289 Per SF |
Minimum | $1 Per SF |
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