Commercial Real Estate Market in Calumet City, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
78 active listings and 2,018 off-market properties in Calumet City, IL. Commercial property asks $100/SF to buy and $16.20/SF/Yr to lease.
Market Trends
Calumet City, IL spans 7.7 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Calumet City, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Calumet City, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Calumet City, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Calumet City, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Calumet City, IL has 36,045 residents in 16,868 households. Density runs 4,653 people per square mile. Median household income here is $53,991 and median gross rent $1,138 a month.
36,045
Population
16,868
Households
2.1
Avg Household Size
39
Median Age
20%
College-Educated
88%
High-School Grad
7.7 sq mi
ZIP Area
4,653
Density / Sq Mi
$53,991
Median Household Income
$37,389
Median Earnings
$1,138
Median Rent
$133,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hammond | — | $16.46 |
| Lansing | — | — |
| South Holland | — | — |
| Dolton | — | — |
Commercial property in Calumet City, IL asks $100/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Calumet City?
Commercial property in Calumet City, IL asks an average of $100 per square foot.
How much does it cost to lease commercial space in Calumet City?
Asking lease rates in Calumet City, IL average $16.20 per square foot per year.
Where does Realmo's Calumet City market data come from?
Realmo compiles Calumet City, IL figures from 8 recent recorded sales, 59 active sale listings, 19 active lease listings, 2,018 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 59 active for-sale and 19 active for-lease listings in Calumet City, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 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 31 August 2026 · report a data issue
