Commercial Real Estate Market in Dundee, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
457 active listings and 5,315 off-market properties in Dundee, IL. Commercial property asks $31/SF to buy and $17.79/SF/Yr to lease.
Market Trends
Dundee, IL spans 20.9 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Dundee, 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 Dundee, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Dundee, 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 Dundee, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Dundee, IL has 16,342 residents in 6,428 households. Density runs 781 people per square mile. Median household income here is $104,572 and median gross rent $1,532 a month.
16,342
Population
6,428
Households
2.5
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
20.9 sq mi
ZIP Area
781
Density / Sq Mi
$104,572
Median Household Income
$57,622
Median Earnings
$1,532
Median Rent
$340,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pingree Grove | — | $14.00 |
| Algonquin | — | $12.80 |
Commercial property in Dundee, IL asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Dundee?
Commercial property in Dundee, IL asks an average of $31 per square foot. The 3 most recent recorded sales traded at a median of $125/SF.
How much does it cost to lease commercial space in Dundee?
Asking lease rates in Dundee, IL average $17.79 per square foot per year.
Where does Realmo's Dundee market data come from?
Realmo compiles Dundee, IL figures from 8 recent recorded sales, 227 active sale listings, 230 active lease listings, 5,315 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 227 active for-sale and 230 active for-lease listings in Dundee, 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 · How Realmo checks market page data · Report a data issue
