Industrial in Chicago, IL — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Chicago, IL 60632
  • Submarket: Chicago South

Photos

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Description

316,550 SF Class A Industrial Space Available - Divisible to 69,396 SF 316,550 SF of Class A industrial space now available for lease in Chicago. The building sits on 19.37 acres and features 14,460 SF north office (can be reduced) and 2,500 SF (new spec office) south office, 36’ clear ceiling, 31 exterior docks (expandable to 52), 7 drive in doors, 50’ x 56’ bays with 65’ speed bay, ESFR sprinkler system, power 3,400 amps easily expandible to 6,000 amps, 229 car parking spots and 85 trailer stalls (expandable to 120). Divisible to 69,396 SF. 6B tax incentive in place ($0.79/PSF).

Market Context

This industrial in Chicago, IL is listed for lease. Compare it against other industrial listings for lease in Chicago, IL — view the full market.

As of Q2 2026, the Chicago industrial market showed a 5.3% vacancy rate, and rents up 7.4% year over year. Source: multiple brokerage reports, Q2 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

Is the Chicago industrial market tightening or softening?
Vacancy is around 5.3%, with asking rents rising year over year (Q2 2026).

Estimated Market Rate

$0.52/SF/mo – $0.71/SF/mo

Mid: $0.62/SF/mo

Based on comparable properties in similar markets rather than local sales.

By our match to nearby addresses in brokers' reports, this property is in the Chicago South submarket, where average warehouse/distribution asking rent was $8.07/SF/yr in Cushman & Wakefield's Q1 2026 report.

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