Commercial Real Estate Market in Cicero, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
103 active listings and 6,581 off-market properties in Cicero, IL. Commercial property asks $59/SF to buy and $12.73/SF/Yr to lease.
Market Trends
Cicero, IL spans 7.1 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cicero, 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 Cicero, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cicero, 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 Cicero, 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 18.5%
- Commercial 12%
- Civic 8.5%
- Mixed use 1.6%
- Residential 1.2%
Largest Zones share of zoned land by district
Traditional Neighborhood
Light Industrial
Transportation
Institutional And Open Space
Traditional Neighborhood Infill
Traditional Neighborhood (N-1)
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Market overview
Demographics & Economy
Cicero, IL has 85,673 residents in 26,738 households. Density runs 12,040 people per square mile. Median household income here is $68,548 and median gross rent $1,121 a month.
85,673
Population
26,738
Households
3.2
Avg Household Size
32
Median Age
11%
College-Educated
68%
High-School Grad
7.1 sq mi
ZIP Area
12,040
Density / Sq Mi
$68,548
Median Household Income
$36,786
Median Earnings
$1,121
Median Rent
$236,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Berwyn | — | $25.67 |
| Forest View | — | — |
| North Riverside | — | — |
| Lyons | — | — |
Commercial property in Cicero, IL asks $59/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cicero?
Commercial property in Cicero, IL asks an average of $59 per square foot.
How much does it cost to lease commercial space in Cicero?
Asking lease rates in Cicero, IL average $12.73 per square foot per year.
Where does Realmo's Cicero market data come from?
Realmo compiles Cicero, IL figures from 6 recent recorded sales, 83 active sale listings, 20 active lease listings, 6,581 tracked off-market properties, the current Cicero zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 83 active for-sale and 20 active for-lease listings in Cicero, 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: 3,753 zoned acres across 13 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 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
