Commercial Real Estate Market in Elk Grove Village, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
115 active listings and 1,713 off-market properties in Elk Grove Village, IL. Commercial property asks $44/SF to buy and $12.76/SF/Yr to lease.
Market Trends
Elk Grove Village, IL spans 18.1 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Elk Grove Village, 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 Elk Grove Village, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elk Grove Village, 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 Elk Grove Village, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Elk Grove Village, IL has 33,670 residents in 13,580 households. Density runs 1,859 people per square mile. Median household income here is $95,240 and median gross rent $1,574 a month.
33,670
Population
13,580
Households
2.5
Avg Household Size
45
Median Age
41%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
1,859
Density / Sq Mi
$95,240
Median Household Income
$54,762
Median Earnings
$1,574
Median Rent
$334,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elk Grove Vlg | — | $12.76 |
| Wood Dale | — | $13.20 |
| Itasca | — | — |
| Bensenville | — | $21.38 |
Commercial property in Elk Grove Village, IL asks $44/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elk Grove Village?
Commercial property in Elk Grove Village, IL asks an average of $44 per square foot.
How much does it cost to lease commercial space in Elk Grove Village?
Asking lease rates in Elk Grove Village, IL average $12.76 per square foot per year.
Where does Realmo's Elk Grove Village market data come from?
Realmo compiles Elk Grove Village, IL figures from 7 recent recorded sales, 33 active sale listings, 82 active lease listings, 1,713 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 33 active for-sale and 82 active for-lease listings in Elk Grove Village, 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
