Commercial Real Estate Market in Grant Park, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 84 off-market properties in Grant Park, IL.
Market Trends
Grant Park, IL spans 76.7 square miles in Kankakee County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grant Park, 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 Grant Park, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Grant Park, 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 Grant Park, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Grant Park, IL has 3,246 residents in 1,173 households. Density runs 42 people per square mile. Median household income here is $97,778 and median gross rent $1,201 a month.
3,246
Population
1,173
Households
2.8
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
76.7 sq mi
ZIP Area
42
Density / Sq Mi
$97,778
Median Household Income
$50,493
Median Earnings
$1,201
Median Rent
$244,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sollitt | — | — |
| Momence | — | — |
| Beecher | — | — |
| Sun River Terrace | — | — |
Commercial property in Grant Park, IL asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grant Park?
Commercial property in Grant Park, IL asks an average of $38 per square foot.
Where does Realmo's Grant Park market data come from?
Realmo compiles Grant Park, IL figures from 3 recent recorded sales, 4 active sale listings, 84 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Grant Park, 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 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
