Commercial Real Estate Market in Alsip, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,420 active listings and 204,077 off-market properties in Alsip, IL. Commercial property asks $149/SF to buy and $25.70/SF/Yr to lease.
Market Trends
Alsip, IL spans 7.8 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Alsip, IL asks $23.41/SF/Yr to lease. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Alsip, IL asks $29.27/SF/Yr to lease. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial space in Alsip, IL asks $11.50/SF/Yr to lease. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Alsip, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Industrial 26.3%
- Residential 25.5%
- Commercial 6.4%
- Agricultural 3%
- Planned_development 0.9%
Largest Zones share of zoned land by district
Residential Single Family
Multiple Zone Category
Industrial Medium
Industrial Light
Public Land
Residential Single Family (R1)
The intent of this district is to establish and preserve quiet single family home neighborhoods as desired by large numbers of people, free from other uses except those which are both compatible with and convenient to the residents of such a district
Market overview
Demographics & Economy
Alsip, IL has 22,189 residents in 9,563 households. Density runs 2,861 people per square mile. Median household income here is $66,555 and median gross rent $1,113 a month.
22,189
Population
9,563
Households
2.3
Avg Household Size
40
Median Age
21%
College-Educated
88%
High-School Grad
7.8 sq mi
ZIP Area
2,861
Density / Sq Mi
$66,555
Median Household Income
$42,245
Median Earnings
$1,113
Median Rent
$200,600
Median Home Value
Tools
Nearby Markets
Commercial property in Alsip, IL asks $149/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alsip?
Commercial property in Alsip, IL asks an average of $149 per square foot.
How much does it cost to lease commercial space in Alsip?
Asking lease rates in Alsip, IL average $25.70 per square foot per year. Office asks $23.41/SF/Yr as of Q2 26, down from $26.55/SF/Yr in Q1 26.
Where does Realmo's Alsip market data come from?
Realmo compiles Alsip, IL figures from 8 recent recorded sales, 4,432 active sale listings, 1,988 active lease listings, 204,077 tracked off-market properties, the current Alsip zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,432 active for-sale and 1,988 active for-lease listings in Alsip, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 3,433 zoned acres across 18 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
