Commercial Real Estate Market in Lockport, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
68 active listings and 892 off-market properties in Lockport, IL. Commercial property asks $234/SF to buy and $23.50/SF/Yr to lease.
Market Trends
Lockport, IL spans 73.2 square miles in Will County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lockport, 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 Lockport, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lockport, 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 Lockport, 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 66.8%
- Industrial 15.2%
- Commercial 8.7%
- Agricultural 2.1%
Largest Zones share of zoned land by district
Single Family Residential
General Manufacturing
Single Family Residential
General Office
Limited Manufacturing
Lockport, IL zones 7,050 acres across 15 districts. Commercial zoning covers 8.7% of zoned land, residential 66.8% and industrial 15.2%. The largest single district is Single Family Residential at 50.9%. For commercial buyers the practical constraint is that only 23.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Lockport, IL has 100,557 residents in 35,081 households. Density runs 1,373 people per square mile. Median household income here is $108,858 and median gross rent $1,678 a month.
100,557
Population
35,081
Households
2.9
Avg Household Size
39
Median Age
31%
College-Educated
89%
High-School Grad
73.2 sq mi
ZIP Area
1,373
Density / Sq Mi
$108,858
Median Household Income
$50,928
Median Earnings
$1,678
Median Rent
$297,119
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Crest Hill | — | — |
| Lemont | — | — |
| Romeoville | — | $20.92 |
| Joliet | — | $18.08 |
Commercial property in Lockport, IL asks $234/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lockport?
Commercial property in Lockport, IL asks an average of $234 per square foot.
How much does it cost to lease commercial space in Lockport?
Asking lease rates in Lockport, IL average $23.50 per square foot per year.
What zoning applies to commercial property in Lockport?
Lockport, IL zones 7,050 acres across 15 districts, of which 8.7% is commercial and 15.2% industrial. The largest single district is Single Family Residential at 50.9% of zoned land. Residential zoning covers 66.8% and open space 0%.
Where does Realmo's Lockport market data come from?
Realmo compiles Lockport, IL figures from 6 recent recorded sales, 56 active sale listings, 12 active lease listings, 892 tracked off-market properties, the current Lockport zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 56 active for-sale and 12 active for-lease listings in Lockport, 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: 7,050 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
