5214 Shapland Avenue — Lease in Chicago, IL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Chicago, IL 60656
  • Size: 4,867 SF

Photos

5214 Shapland Avenue — Lease in Chicago, IL, photo 1 of 2
5214 Shapland Avenue — Lease in Chicago, IL, photo 2 of 2

Description

10,951 SF Building with 4,867 SF Industrial Space for Lease.

Market Context

This industrial in Chicago, IL is listed for lease across 4,867 SF. 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

Estimated total for 4,867 SF: $3,018 per month

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

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