Commercial Real Estate Market in Lemont, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 757 off-market properties in Lemont, IL. Commercial property asks $126/SF to buy and $26.00/SF/Yr to lease.
Market Trends
Lemont, IL spans 29.7 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lemont, 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 Lemont, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lemont, 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 Lemont, 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 63.6%
- Commercial 19.1%
- Industrial 13.6%
- Civic 2.1%
Largest Zones share of zoned land by district
Single Family Detached Residential District
Commercial Recreation
Heavy Manufacturing District
Single Family Detached Residential District
Single Family Attached Residential District
Lemont, IL zones 5,998 acres across 17 districts. Commercial zoning covers 19.1% of zoned land, residential 63.6% and industrial 13.6%. The largest single district is Single Family Detached Residential District at 36%. For commercial buyers the practical constraint is that only 32.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lemont, IL has 24,327 residents in 8,962 households. Density runs 819 people per square mile. Median household income here is $132,511 and median gross rent $1,046 a month.
24,327
Population
8,962
Households
2.7
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
29.7 sq mi
ZIP Area
819
Density / Sq Mi
$132,511
Median Household Income
$60,561
Median Earnings
$1,046
Median Rent
$466,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Romeoville | — | $20.92 |
| Homer Glen | — | — |
| Lockport | — | — |
| Orland Park | — | $20.03 |
Commercial property in Lemont, IL asks $126/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lemont?
Commercial property in Lemont, IL asks an average of $126 per square foot.
How much does it cost to lease commercial space in Lemont?
Asking lease rates in Lemont, IL average $26.00 per square foot per year.
What zoning applies to commercial property in Lemont?
Lemont, IL zones 5,998 acres across 17 districts, of which 19.1% is commercial and 13.6% industrial. The largest single district is Single Family Detached Residential District at 36% of zoned land. Residential zoning covers 63.6% and open space 0%.
Where does Realmo's Lemont market data come from?
Realmo compiles Lemont, IL figures from 7 recent recorded sales, 43 active sale listings, 15 active lease listings, 757 tracked off-market properties, the current Lemont zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 43 active for-sale and 15 active for-lease listings in Lemont, 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: 5,998 zoned acres across 17 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
