5114 Main Street — Lease in Downers Grove, IL
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Downers Grove, IL 60515
Photos
Description
3,480 SF AVAILABLE 3,480 SF AVAILABLE FULLY BUILT-OUT OFFICE SPACE LOCATED IN THE HEART OF VIBRANT DOWNTOWN DOWNERS GROVE RARE OPPORTUNITY ON THE MAIN STREET CORRIDOR WELL POSITIONED WITH UNMATCHED CO-TENANCY JUST STEPS AWAY FROM THE DOWNERS GROVE METRA STOP
Market Context
This retail in Downers Grove, IL is listed for lease. Compare it against other retail listings for lease in Downers Grove, IL — view the full market.
As of Q4 2025, the Chicago retail market showed a 5.1% vacancy rate, average asking rents near $19.00/SF/yr, rents up 2.4% year over year, and cap rates around 7.9%. Source: multiple brokerage reports, Q4 2025.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Chicago?
- About 7.9% as of Q4 2025, per multiple brokerage reports.
- Is the Chicago retail market tightening or softening?
- Vacancy is around 5.1%, with asking rents rising year over year (Q4 2025).
Contact
- Jimmy Danaher · 312 540 4601 · Jimmy.Danaher@cbre.com
- JACOB DELL · JACOB.DELL@CBRE.COM
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