Commercial Real Estate Market in Lake Bluff, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 494 off-market properties in Lake Bluff, IL.
Market Trends
Lake Bluff, IL spans 6.8 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lake Bluff, 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 Lake Bluff, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lake Bluff, 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 Lake Bluff, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Lake Bluff, IL has 10,244 residents in 4,599 households. Density runs 1,510 people per square mile. Median household income here is $127,546 and median gross rent $1,672 a month.
10,244
Population
4,599
Households
2.2
Avg Household Size
43
Median Age
67%
College-Educated
95%
High-School Grad
6.8 sq mi
ZIP Area
1,510
Density / Sq Mi
$127,546
Median Household Income
$81,694
Median Earnings
$1,672
Median Rent
$568,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Green Oaks | — | — |
| Lake Forest | — | — |
| Knollwood | — | — |
| North Chicago | — | — |
Commercial property in Lake Bluff, IL asks $26/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Bluff?
Commercial property in Lake Bluff, IL asks an average of $26 per square foot. The 4 most recent recorded sales traded at a median of $177/SF.
Where does Realmo's Lake Bluff market data come from?
Realmo compiles Lake Bluff, IL figures from 7 recent recorded sales, 6 active sale listings, 7 active lease listings, 494 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 6 active for-sale and 7 active for-lease listings in Lake Bluff, 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
