Commercial Broker Salary in Chicago, Illinois

How much does a Commercial Broker make in Chicago, IL?

As of March 01, 2025, the average annual salary for a Commercial Broker in Chicago, IL is $100,960. Salary.com reports that pay typically ranges from $87,047 to $123,324, with most professionals earning between $74,379 and $143,686.

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Salary range for an Commercial Broker

$87,047 to $123,324

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Commercial Broker

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Job Openings for Commercial Broker in Chicago, IL

What does a Commercial Broker do?

Common responsibilities of a Commercial Broker

Prepare and ensure the professional quality of insurance underwriting submissions, prospect and client proposals and presentations, sales reports, professional communications .

October 17, 2022

Gather research information and complete market surveys, including gathering building information, maps and pictures, CoStar data, and creating building tour books.

December 13, 2022

Assist with building correspondence, file maintenance and management, meeting planning and scheduling, and report preparation.

January 31, 2023

Participate in Brokerage Team Meetings and weekly sales meetings to update colleagues on leasing activity, market information, new business generating efforts, prospects and market knowledge and trends.

February 11, 2023

Provide an excellent customer experience by overseeing the loan process from origination to closing and proactively communicating with the customer throughout the entire process.

March 24, 2023

Understand broad spectrum of commercial lines business not limited to GL, Property, Management Liability, WC and Excess/Umbrella.

March 24, 2023

Develops on-going relationships with agents, monitor profitability and quality of submissions along with the marketing team to keep agent up-to-date with underwriting and/or product changes, efficiently and profitably.

April 18, 2023

Create commercial energy proposals for clients with an array of competitive offers for commercial clients.

April 20, 2023

Review sizing workbooks to develop stronger understanding of deal sizing.

April 27, 2023

Manage property tours with industry colleagues and prospects, creating a professional and engaging tour experience that features the benefits and appeal of our portfolio assets.

May 03, 2023

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Commercial Broker Salary By Experience Levels in Chicago, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Commercial Broker Salary By Level of Education in Chicago, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Commercial Broker in Chicago, IL

Average Base Salary

Core compensation

87047

123324

100960

Average Total Cash Compensation

Includes base and annual incentives

90344

132067

106224

What is the average salary for Commercial Broker in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Commercial Broker in Chicago, IL. The base salary for Commercial Broker ranges from $87,047 to $123,324 with the average base salary of $100,960. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $90,344 to $132,067 with the average total cash compensation of $106,224.

View Average Salary for Commercial Broker as table

	Average Salary	Average Salary Range
Base Salary	$100,960	$87,047 - $123,324
Bonus	$5,264	$3,297 - $8,743
Total Pay	$106,224	$90,344 - $132,067

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Commercial Broker Salary Near Chicago, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Chicago, IL
CITY, STATE Cicero, IL	AVERAGE SALARY RANGE $87,536 - $124,018	COMPARE TO Chicago, IL
CITY, STATE Oak Park, IL	AVERAGE SALARY RANGE $87,536 - $124,018	COMPARE TO Chicago, IL
CITY, STATE Oak Lawn, IL	AVERAGE SALARY RANGE $87,437 - $123,877	COMPARE TO Chicago, IL
CITY, STATE Evanston, IL	AVERAGE SALARY RANGE $87,503 - $123,971	COMPARE TO Chicago, IL
CITY, STATE Skokie, IL	AVERAGE SALARY RANGE $87,503 - $123,971	COMPARE TO Chicago, IL
CITY, STATE Arlington Heights, IL	AVERAGE SALARY RANGE $85,544 - $121,195	COMPARE TO Chicago, IL

See salaries for Commercial Broker in locations close to Chicago, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Chicago, Illinois

Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third most populous city in the United States. With an estimated population of 2,716,450 (2017), it is the most populous city in the Midwest. Chicago is the principal city of the Chicago metropolitan area, often referred to as Chicagoland, and the county seat of Cook County, the second most populous county in the United States. The metropolitan area, at nearly 10 million people, is the third-largest in the United States, and the fourth largest in North A...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Commercial Broker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Chicago, IL that might be a good fit for the type of job and salary you are looking for.

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