Buying and selling commercial real estate in DuPage County can be extremely complicated, and it is important to work with an experienced real estate attorney who has experience handling complex business transactions. Even if you have sold residential property in the past, and if you have experience buying and selling a home, you should know that the process is different — and much more complicated — when it comes to commercial space.

What Is Commercial Real Estate in Illinois?

Under Illinois law (770 ILCS 15/5), commercial real estate is defined as “any real estate located in Illinois other than (i) real estate containing one to 6 residential units, (ii) real estate on which no buildings or structures are located, or (iii) real estate classified as farmland.” To be clear, commercial real estate cannot be any of the following: