Commercial Real Estate Market in Burnham, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,495 active listings and 204,077 off-market properties in Burnham, IL. Commercial property asks $150/SF to buy and $25.56/SF/Yr to lease.
Market Trends
Burnham, IL spans 9.7 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Burnham, 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 Burnham, IL asks $29.09/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 Burnham, 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 Burnham, 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 53.8%
- Open space 27.7%
- Residential 14.2%
- Commercial 4.3%
Largest Zones share of zoned land by district
Industrial
Forest Preserve
Residential
Commercial
Burnham, IL zones 1,083 acres across 4 districts. Commercial zoning covers 4.3% of zoned land, residential 14.2%, open space 27.7% and industrial 53.8%. The largest single district is Industrial at 53.8%. For commercial buyers the practical constraint is that only 58.1% of land carries a commercial or industrial designation.
Industrial (I)
The intent of this district is to promote Industrial district and manufacturing district
Market overview
Demographics & Economy
Burnham, IL has 13,359 residents in 5,713 households. Density runs 1,370 people per square mile. Median household income here is $56,875 and median gross rent $1,166 a month.
13,359
Population
5,713
Households
2.3
Avg Household Size
39
Median Age
14%
College-Educated
84%
High-School Grad
9.7 sq mi
ZIP Area
1,370
Density / Sq Mi
$56,875
Median Household Income
$42,471
Median Earnings
$1,166
Median Rent
$182,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Calumet City | — | $16.20 |
| Dolton | — | — |
| Hammond | — | $17.01 |
| South Holland | — | $25.20 |
Commercial property in Burnham, IL asks $150/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Burnham?
Commercial property in Burnham, IL asks an average of $150 per square foot.
How much does it cost to lease commercial space in Burnham?
Asking lease rates in Burnham, IL average $25.56 per square foot per year. Office asks $23.41/SF/Yr as of Q2 26, down from $26.55/SF/Yr in Q1 26.
What zoning applies to commercial property in Burnham?
Burnham, IL zones 1,083 acres across 4 districts, of which 4.3% is commercial and 53.8% industrial. The largest single district is Industrial at 53.8% of zoned land. The intent of this district is to promote Industrial district and manufacturing district Residential zoning covers 14.2% and open space 27.7%.
Where does Realmo's Burnham market data come from?
Realmo compiles Burnham, IL figures from 8 recent recorded sales, 4,490 active sale listings, 2,005 active lease listings, 204,077 tracked off-market properties, the current Burnham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,490 active for-sale and 2,005 active for-lease listings in Burnham, 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: 1,083 zoned acres across 4 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 · How Realmo checks market page data · Report a data issue
