Chris Aiello Law

๐Ÿ“ Villa Park, IL โ€” Serving DuPage & Cook County

Real Estate Law · DuPage County, Illinois

Commercial Deals. Done With Discipline.

Residential and commercial closings handled with care from contract to keys, so the details are covered before you sign.

0Years of counsel
0Practice areas
1990Established

Commercial real estate is residential’s serious older sibling. Larger dollar amounts, longer due diligence, more complex financing, and contracts that actually need negotiating. Whether you’re buying your first investment property, selling a longtime commercial holding, or signing a 10-year lease, the legal review matters disproportionately.

We’ve represented commercial parties across DuPage and Cook County โ€” small investors, professional landlords, business owners buying their building, family-owned operations transitioning property. We bring the same direct attorney access and flat-fee transparency that we use on residential to commercial deals.

Commercial Services

Commercial Transactions We Handle

From small commercial purchases to multi-tenant property sales.

Commercial Purchases

Investment properties, business location purchases, mixed-use buildings, retail spaces.

Commercial Sales

Investor exits, retiring landlord sales, owner-occupant sales, portfolio dispositions.

Commercial Leases

Triple-net, gross, modified-gross leases. Both landlord and tenant representation.

1031 Exchanges

Tax-deferred like-kind exchanges with proper qualified intermediary coordination.

Due Diligence

Title, survey, environmental, zoning, lease audit, financial review โ€” coordinated as a package.

Development Deals

Land acquisition, zoning, financing structure, and construction-period coordination.

The Process

Commercial Transaction Timeline

01

LOI / Term Sheet

Non-binding outline of major terms before drafting full contract.

02

Contract & Due Diligence

Purchase agreement with due diligence period โ€” typically 30-60 days for commercial.

03

Title, Survey, Environmental

Full title commitment review, ALTA survey, Phase I environmental, zoning verification.

04

Closing

Closing typically 60-120 days from contract, depending on financing and complexity.

Why Hire Us

What Sets Our Commercial Work Apart

Right-sized for your deal

We work on deals from $300K small commercial up to multi-million dollar commercial โ€” without big-firm overhead pricing.

Direct attorney access

Chris or John handles every commercial file. No first-year associates learning on your transaction.

Due diligence rigor

Commercial DD is where deals are won or lost. We coordinate environmental, zoning, lease audit, title.

Lease document expertise

30+ years drafting and reviewing commercial leases โ€” we know what the gotchas are.

1031 coordination

Properly structured 1031 exchanges defer capital gains. We coordinate with qualified intermediaries.

Negotiation leverage

Commercial deals get negotiated extensively. We push hard on terms that matter.

Service Area

Serving DuPage & Cook County

From our Villa Park office, we represent clients across DuPage County and the western suburbs of Chicago.

Villa ParkElmhurstLombardWheatonOak BrookDowners GroveAddisonOak ParkGlen EllynBloomingdaleHinsdaleWestmontDuPage CountyCook County
Commercial Real Estate FAQ

Commercial Questions

Larger due diligence (often Phase I environmental, ALTA survey, zoning review, lease audit), longer timelines (60-120 days vs 45-60), and meaningfully negotiated contracts. Commercial buyers typically have more leverage to negotiate terms than residential buyers.

Most commercial deals are quoted flat-fee based on transaction size and complexity. Multi-tenant or development deals may be hourly. We quote upfront at consultation.

Almost always recommended โ€” an ALTA/NSPS Land Title Survey is more detailed than residential and reveals encroachments, easements, and boundary issues. Required by many commercial lenders.

Environmental site assessment that reviews property history, neighboring uses, and visible site conditions for contamination risk. Required by most commercial lenders. Phase II is invasive sampling, ordered only if Phase I raises concerns.

Yes โ€” we handle the legal side of 1031 exchanges and coordinate with qualified intermediaries (we don’t act as QI). Proper 1031 structuring defers capital gains tax indefinitely.

No โ€” we represent one party per deal. Commercial deals have meaningfully different interests on each side; you need your own representation.

Commercial Deal in Progress?

Whether you’re considering an investment, signing a lease, or selling longtime commercial property, we’ll walk you through what to expect.