Commercial Real Estate Market in Crete, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 349 off-market properties in Crete, IL.
Market Trends
Crete, IL spans 37.1 square miles in Will County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Crete, 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 Crete, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Crete, 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 Crete, 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 45.1%
- Industrial 30.8%
- Agricultural 17.2%
- Commercial 4.3%
Largest Zones share of zoned land by district
Single Family Residential District
Intermodal Terminal
Agriculture District
Limited Industrial District
Residential Estate Single Family District
Crete, IL zones 6,181 acres across 18 districts. Commercial zoning covers 4.3% of zoned land, residential 45.1% and industrial 30.8%. The largest single district is Single Family Residential District at 26.4%. For commercial buyers the practical constraint is that only 35.1% of land carries a commercial or industrial designation.
Intermodal Terminal (I-T)
Sec. 28-313. - I-T intermodal terminal district/P.U.D. industrial. (a) Purpose: The purpose of an intermodal terminal district/P.U.D. industrial (hereafter "I-T District") is to permit: 1. Intermodal terminal facilities and other industrial/commercial uses that would not be possible under the strict application of the other sections of this section. 2. A cre…
Market overview
Demographics & Economy
Crete, IL has 15,342 residents in 6,356 households. Density runs 414 people per square mile. Median household income here is $93,346 and median gross rent $1,362 a month.
15,342
Population
6,356
Households
2.4
Avg Household Size
48
Median Age
31%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
414
Density / Sq Mi
$93,346
Median Household Income
$46,211
Median Earnings
$1,362
Median Rent
$225,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| University Park | — | — |
| Chicago Heights | — | $11.00 |
| Olympia Fields | — | — |
| Matteson | — | — |
Commercial property in Crete, IL asks $404/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Crete?
Commercial property in Crete, IL asks an average of $404 per square foot. The 3 most recent recorded sales traded at a median of $117/SF, so asking sits 246% above the achieved median.
What zoning applies to commercial property in Crete?
Crete, IL zones 6,181 acres across 18 districts, of which 4.3% is commercial and 30.8% industrial. The largest single district is Single Family Residential District at 26.4% of zoned land. Residential zoning covers 45.1% and open space 0%.
Where does Realmo's Crete market data come from?
Realmo compiles Crete, IL figures from 7 recent recorded sales, 38 active sale listings, 2 active lease listings, 349 tracked off-market properties, the current Crete zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 2 active for-lease listings in Crete, 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: 6,181 zoned acres across 18 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
