Commercial Real Estate Market in Lansing, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
49 active listings and 1,107 off-market properties in Lansing, IL. Commercial property asks $10/SF to buy and $16.13/SF/Yr to lease.
Market Trends
Lansing, IL spans 8.1 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lansing, 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 Lansing, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lansing, 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 Lansing, 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 69.1%
- Industrial 16.4%
- Commercial 14.6%
Largest Zones share of zoned land by district
Single Family Residential 7150 Square Feet Lot
Single Family Residential 8450 Square Feet Lot
Limited Manufacturing
Community Retail And Service
General Business
Lansing, IL zones 4,151 acres across 15 districts. Commercial zoning covers 14.6% of zoned land, residential 69.1% and industrial 16.4%. The largest single district is Single Family Residential 7150 Square Feet Lot at 32.1%. For commercial buyers the practical constraint is that only 30.9% of land carries a commercial or industrial designation.
Single Family Residential 7150 Square Feet Lot (R2)
The purpose of the R2 single-family residential district is to provide for, and preserve, single-family detached residential development on lots that are a minimum of 7,150 square feet in area within the village
Market overview
Demographics & Economy
Lansing, IL has 29,661 residents in 12,230 households. Density runs 3,679 people per square mile. Median household income here is $72,043 and median gross rent $1,271 a month.
29,661
Population
12,230
Households
2.4
Avg Household Size
40
Median Age
28%
College-Educated
93%
High-School Grad
8.1 sq mi
ZIP Area
3,679
Density / Sq Mi
$72,043
Median Household Income
$44,632
Median Earnings
$1,271
Median Rent
$168,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Thornton | — | — |
| Hammond | — | $16.46 |
| Calumet City | — | $16.20 |
| Glenwood | — | — |
Commercial property in Lansing, IL asks $10/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lansing?
Commercial property in Lansing, IL asks an average of $10 per square foot.
How much does it cost to lease commercial space in Lansing?
Asking lease rates in Lansing, IL average $16.13 per square foot per year.
What zoning applies to commercial property in Lansing?
Lansing, IL zones 4,151 acres across 15 districts, of which 14.6% is commercial and 16.4% industrial. The largest single district is Single Family Residential 7150 Square Feet Lot at 32.1% of zoned land. The purpose of the R2 single-family residential district is to provide for, and preserve, single-family detached residential development on lots that are a minimum of 7,150 square feet in area within the village Residential zoning covers 69.1% and open space 0%.
Where does Realmo's Lansing market data come from?
Realmo compiles Lansing, IL figures from 8 recent recorded sales, 39 active sale listings, 10 active lease listings, 1,107 tracked off-market properties, the current Lansing zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 39 active for-sale and 10 active for-lease listings in Lansing, 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: 4,151 zoned acres across 15 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 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
