Commercial Real Estate Market in Matteson, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 320 off-market properties in Matteson, IL.
Market Trends
Matteson, IL spans 11.3 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Matteson, 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 Matteson, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Matteson, 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 Matteson, 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 48%
- Industrial 21.8%
- Mixed use 20.3%
- Commercial 7.3%
Largest Zones share of zoned land by district
Residential Low To Moderate Density
Commercial Mixed Use
Industrial Service
Highway Commercial
Planned Industrial
Matteson, IL zones 4,982 acres across 18 districts. Commercial zoning covers 7.3% of zoned land, residential 48% and industrial 21.8%. The largest single district is Residential Low To Moderate Density at 34.5%. For commercial buyers the practical constraint is that only 29.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Matteson, IL has 21,309 residents in 8,672 households. Density runs 1,893 people per square mile. Median household income here is $93,941 and median gross rent $1,377 a month.
21,309
Population
8,672
Households
2.5
Avg Household Size
43
Median Age
38%
College-Educated
93%
High-School Grad
11.3 sq mi
ZIP Area
1,893
Density / Sq Mi
$93,941
Median Household Income
$57,463
Median Earnings
$1,377
Median Rent
$229,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Olympia Fields | — | — |
| Richton Park | — | — |
| Homewood | — | $19.83 |
| Chicago Heights | — | $11.00 |
Commercial property in Matteson, IL asks $342/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Matteson?
Commercial property in Matteson, IL asks an average of $342 per square foot.
What zoning applies to commercial property in Matteson?
Matteson, IL zones 4,982 acres across 18 districts, of which 7.3% is commercial and 21.8% industrial. The largest single district is Residential Low To Moderate Density at 34.5% of zoned land. Residential zoning covers 48% and open space 0%.
Where does Realmo's Matteson market data come from?
Realmo compiles Matteson, IL figures from 8 recent recorded sales, 31 active sale listings, 7 active lease listings, 320 tracked off-market properties, the current Matteson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 31 active for-sale and 7 active for-lease listings in Matteson, 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: 4,982 zoned acres across 18 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
