Commercial Real Estate Market in Calumet Park, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,414 active listings and 204,077 off-market properties in Calumet Park, IL. Commercial property asks $149/SF to buy and $25.62/SF/Yr to lease.
Market Trends
Calumet Park, IL spans 14.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Calumet Park, 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 Calumet Park, 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 Calumet Park, 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 Calumet Park, 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 Park, IL has 72,767 residents in 31,022 households. Density runs 5,059 people per square mile. Median household income here is $67,469 and median gross rent $1,251 a month.
72,767
Population
31,022
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
92%
High-School Grad
14.4 sq mi
ZIP Area
5,059
Density / Sq Mi
$67,469
Median Household Income
$45,772
Median Earnings
$1,251
Median Rent
$196,171
Median Home Value
Tools
Nearby Markets
Commercial property in Calumet Park, IL asks $149/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Calumet Park?
Commercial property in Calumet Park, IL asks an average of $149 per square foot.
How much does it cost to lease commercial space in Calumet Park?
Asking lease rates in Calumet Park, IL average $25.62 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 Calumet Park market data come from?
Realmo compiles Calumet Park, IL figures from 8 recent recorded sales, 4,430 active sale listings, 1,984 active lease listings, 204,077 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,430 active for-sale and 1,984 active for-lease listings in Calumet Park, 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 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
