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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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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
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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Net Lease

Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability

Woodridge (Chicago MSA), IL

Years Remaining On Lease: 8.9

Cap Rate: 5.50%

Listing Price: $3,585,000

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Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability

Downers Grove, IL

Years Remaining On Lease: 9.2

Cap Rate: 5.50%

Listing Price: $3,900,000

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Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability

Bridgeview (Chicago MSA), IL

Years Remaining On Lease: 8.2

Cap Rate: 5.50%

Listing Price: $4,000,000

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Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability

Mount Prospect, IL

Years Remaining On Lease: 8.2

Cap Rate: 5.50%

Listing Price: $3,605,000

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Subway - Part of 3 Location Portfolio

Caledonia, MN

Years Remaining On Lease: 5.2

Cap Rate: 9.85%

Listing Price: $164,500

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Retail

Hillcrest Plaza | 100K SF Shopping Center in St. Joseph, MO

Saint Joseph, MO

Price/Gross SF: $99.45

Cap Rate: 8.55%

Listing Price: $9,950,000

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Net Lease

AT&T

Brooklyn, OH

Years Remaining On Lease: 1.1

Cap Rate: 7.36%

Listing Price: $540,000

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Net Lease

Corporate 7-Eleven w/ Gas - Bonus Depreciation Capability

Arlington Heights, IL

Years Remaining On Lease: 8.7

Cap Rate: 5.50%

Listing Price: $3,815,000

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Low Rent Chick-fil-A Ground Lease

Wausau, WI

Years Remaining On Lease: 14.2

Cap Rate: 5.03%

Listing Price: $2,387,000

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Office

Becker Office Building

Peoria, IL

Price/Gross SF: $61.57

Cap Rate: 9.45%

Listing Price: $10,000,000

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Apartments

Aerie Apartments

Indianapolis, IN

Number of Units: 63

Cap Rate: 7.25%

Listing Price: $3,800,000

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Dark KFC | Painesville OH

Painesville, OH

Years Remaining On Lease: 14.7

Cap Rate: 6.90%

Listing Price: $1,225,000

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Fogo de Chao

Schaumburg, IL

Years Remaining On Lease: 13.0

Cap Rate: 6.75%

Listing Price: $7,777,777

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Net Lease

Take 5 Oil Change | Brand New Construction | Infill Location

Norridge, IL

Years Remaining On Lease: 15.2

Cap Rate: 6.70%

Listing Price: $1,417,910

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Net Lease

QuikTrip

Independence, MO

Years Remaining On Lease: 1.7

Cap Rate: 6.25%

Listing Price: $4,309,120

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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.

Research Video

Headwinds and Tailwinds Shape CRE Vacancy Trends

November 6, 2026

GDP

Research Brief

Gross Domestic Product

November 2026

US Money

Research Brief

Financial Markets

November 2026

Housing

Research Brief

Housing

November 2026

Research Video

The CRE Ripple Effects of Slowing Home Sales

October 30, 2026

Research Video

Do Macro Trends Tell the Real Story?

October 23, 2026

Economy

Research Brief

Inflation

October 2026

Economy

Research Brief

Retail Sales

October 2026

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

Keep Exploring

Research

RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

Stay informed with the news and events impacting your investment strategy.

Brookhaven Manor

Press Releases

Marcus & Millichap Closes Seniors Housing Asset Sale in Southeastern Michigan

Marcus & Millichap announced today the sale of Brookhaven Manor, a 134-bed independent living facility in Ann Arbor, Michigan.

November 06, 2026

DCA Dental Portfolio

Press Releases

Marcus & Millichap Brokers $5.95 Million Sale of Dental Office Portfolio in Western Massachusetts

Marcus & Millichap announced today the sale of a five-property dental office portfolio consisting of dental condominiums and a freestanding dental office building located throughout the Pioneer Valley region of Western Massachusetts.

November 06, 2026

Pleasant View Apartments

Press Releases

Marcus & Millichap Arranges Sale of 34-Unit Multifamily Property in Minneapolis for $3.15M

Marcus & Millichap announced today the sale of Pleasant View Apartments, a 34-unit multifamily property in Minneapolis.

November 06, 2026

2026 Restaurant Finance & Development Conference
Industry Events

Restaurant Finance & Development Conference

Wynn Las Vegas, Las Vegas, NV
November 9 – November 11, 2026
Hampton Inn & Suites Cleveland

Press Releases

Marcus & Millichap Arranges Sale of 114-Room Hampton Inn & Suites in Independence, Ohio

Marcus & Millichap announced today the sale of a 114-room Hampton Inn & Suites property in Independence, Ohio.

November 05, 2026

Directors Row Business Park

Press Releases

Marcus & Millichap Arranges $18.1M Sale of 39-Suite Flex Industrial Campus in Indianapolis

Marcus & Millichap announced today the sale of Directors Row Business Center, an eight-building office and flex-industrial campus in Indianapolis.

November 04, 2026

Gerber Collision Glass

Press Releases

Marcus & Millichap Arranges Sale of Gerber Collision & Glass Property in Houston

Marcus & Millichap announced today the sale of a net-leased Gerber Collison & Glass property in Houston, Texas.

November 04, 2026

Indy Town

Press Releases

Marcus & Millichap Closes Four-Property Multifamily Portfolio Sale in Indianapolis

Marcus & Millichap announced today the sale of Indy Town Apartments, a 412-unit apartment portfolio in Indianapolis, Indiana.

November 03, 2026

AHF Live
Industry Events

AHF Live

Hyatt Regency Chicago, Chicago, IL
November 16 – November 18, 2026
Comfort Inn Whitehall

Press Releases

Marcus & Millichap Brokers Sale of 74-Room Comfort Inn Property in Whitehall, Michigan

Marcus & Millichap announced today the sale of a 74-room Comfort Inn hotel in Whitehall, Michigan.

October 27, 2026

Radisson Red

Press Releases

Marcus & Millichap Arranges Sale of 164-Room Radisson RED Hotel in Minneapolis

Marcus & Millichap announced today the sale of Radisson RED, a 164-room, contemporary lifestyle hotel in Minneapolis' Mill District.

October 27, 2026

Sturgis Crossings at St Johns

Press Releases

Marcus & Millichap Arranges Sale and Financing of 42-Unit Multifamily Property in Saint Johns, Michigan

Marcus & Millichap announced today the sale of Sturgis Crossings, a 42-unit multifamily property in Saint Johns, Michigan.

October 26, 2026

Crosby Avenue Self Storage

Press Releases

Marcus & Millichap Arranges $2.4M Sale of 282-Unit Self-Storage Property in Janesville, Wisconsin

Marcus & Millichap announced today the sale of Crosby Avenue Self Storage, a 282-unit self-storage property in Janesville, Wisconsin, for $2.4 million.

October 26, 2026

Barr Storage & Flex Warehousing

Press Releases

Marcus & Millichap Closes 399,273-Square-Foot Self-Storage and Flex Warehouse Asset Sale in East-Central Wisconsin

Marcus & Millichap announced today the sale of Barr Storage & Flex Warehousing, a 399,273-square-foot self-storage and flex warehouse asset in Oshkosh, Wisconsin.

October 22, 2026

Defease With Ease PR Logo

Press Releases

Marcus & Millichap Names Defease With Ease | Thirty Capital a Preferred Partner for Debt Management Services

Marcus & Millichap announced that Defease With Ease | Thirty Capital has joined the firm’s Preferred Partner Program, providing clients with access to specialized expertise in defeasance, interest rate hedging and yield maintenance.

October 21, 2026

Keep Exploring

News & Events