Commercial Real Estate Market in Crestwood, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
51 active listings and 860 off-market properties in Crestwood, IL.
Market Trends
Crestwood, IL spans 7.3 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Crestwood, 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 Crestwood, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Crestwood, 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 Crestwood, 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
- Residential 52.4%
- Industrial 18.8%
- Commercial 17.3%
Largest Zones share of zoned land by district
Residential Single Family
Commercial
Light Industrial
Residential Multifamily
Public Property
Crestwood, IL zones 1,680 acres across 7 districts. Commercial zoning covers 17.3% of zoned land, residential 52.4% and industrial 18.8%. The largest single district is Residential Single Family at 42.1%. For commercial buyers the practical constraint is that only 36.1% of land carries a commercial or industrial designation.
Residential Single Family (R-1)
All territory which may hereafter be annexed to the village shall automatically be classed as lying and being in the R-1 Residential District, until the classifications shall have been changed by an amendment to this chapter, as provided by law. (I) Materials prohibited as fill. Materials that are prohibited for use as fill are those materials that are detri…
Market overview
Demographics & Economy
Crestwood, IL has 25,505 residents in 11,559 households. Density runs 3,517 people per square mile. Median household income here is $68,746 and median gross rent $1,244 a month.
25,505
Population
11,559
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
3,517
Density / Sq Mi
$68,746
Median Household Income
$49,040
Median Earnings
$1,244
Median Rent
$195,722
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Palos Heights | — | — |
| Robbins | — | — |
| Worth | — | — |
| Chicago Ridge | — | — |
Commercial property in Crestwood, IL asks $431/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Crestwood?
Commercial property in Crestwood, IL asks an average of $431 per square foot.
What zoning applies to commercial property in Crestwood?
Crestwood, IL zones 1,680 acres across 7 districts, of which 17.3% is commercial and 18.8% industrial. The largest single district is Residential Single Family at 42.1% of zoned land. All territory which may hereafter be annexed to the village shall automatically be classed as lying and being in the R-1 Residential District, until the classifications shall have been changed by an amendment to this chapter, as provided by law. (I) Materials prohibited as fill. Materials that are prohibited for use as fill are those materials that are detri… Residential zoning covers 52.4% and open space 0%.
Where does Realmo's Crestwood market data come from?
Realmo compiles Crestwood, IL figures from 7 recent recorded sales, 42 active sale listings, 9 active lease listings, 860 tracked off-market properties, the current Crestwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 42 active for-sale and 9 active for-lease listings in Crestwood, 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: 1,680 zoned acres across 7 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
