Commercial Real Estate Market in Lynwood, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
120 active listings and 3,323 off-market properties in Lynwood, IL. Commercial property asks $52/SF to buy and $11.00/SF/Yr to lease.
Market Trends
Lynwood, IL spans 30.7 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lynwood, 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 Lynwood, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lynwood, 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 Lynwood, 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 78.6%
- Commercial 11.2%
- Industrial 10.2%
Largest Zones share of zoned land by district
One Family Dwelling
Light Manufacturing
Regional Commercial Business
Multifamily Dwelling
Neighborhood Commercial Business
Lynwood, IL zones 3,410 acres across 7 districts. Commercial zoning covers 11.2% of zoned land, residential 78.6% and industrial 10.2%. The largest single district is One Family Dwelling at 74.2%. For commercial buyers the practical constraint is that only 21.4% of land carries a commercial or industrial designation.
One Family Dwelling (R-1A)
The purpose of this district is to promote one family dwellings
Market overview
Demographics & Economy
Lynwood, IL has 53,515 residents in 21,382 households. Density runs 1,744 people per square mile. Median household income here is $56,627 and median gross rent $1,156 a month.
53,515
Population
21,382
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
30.7 sq mi
ZIP Area
1,744
Density / Sq Mi
$56,627
Median Household Income
$35,995
Median Earnings
$1,156
Median Rent
$148,200
Median Home Value
Tools
Nearby Markets
Commercial property in Lynwood, IL asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lynwood?
Commercial property in Lynwood, IL asks an average of $52 per square foot.
How much does it cost to lease commercial space in Lynwood?
Asking lease rates in Lynwood, IL average $11.00 per square foot per year.
What zoning applies to commercial property in Lynwood?
Lynwood, IL zones 3,410 acres across 7 districts, of which 11.2% is commercial and 10.2% industrial. The largest single district is One Family Dwelling at 74.2% of zoned land. The purpose of this district is to promote one family dwellings Residential zoning covers 78.6% and open space 0%.
Where does Realmo's Lynwood market data come from?
Realmo compiles Lynwood, IL figures from 3 recent recorded sales, 99 active sale listings, 21 active lease listings, 3,323 tracked off-market properties, the current Lynwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 99 active for-sale and 21 active for-lease listings in Lynwood, 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: 3,410 zoned acres across 7 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 30 September 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 30 September 2026 · report a data issue
