Commercial Real Estate Market in North Riverside, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 470 off-market properties in North Riverside, IL. Commercial property asks $719/SF to buy and $14.70/SF/Yr to lease.
Market Trends
North Riverside, IL spans 4.0 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in North Riverside, 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 North Riverside, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in North Riverside, 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 North Riverside, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
North Riverside, IL has 16,819 residents in 6,913 households. Density runs 4,220 people per square mile. Median household income here is $109,933 and median gross rent $1,331 a month.
16,819
Population
6,913
Households
2.4
Avg Household Size
42
Median Age
57%
College-Educated
96%
High-School Grad
4 sq mi
ZIP Area
4,220
Density / Sq Mi
$109,933
Median Household Income
$66,445
Median Earnings
$1,331
Median Rent
$377,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hines | — | — |
| Berwyn | — | $25.67 |
| Brookfield | — | — |
| Lyons | — | — |
Commercial property in North Riverside, IL asks $719/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Riverside?
Commercial property in North Riverside, IL asks an average of $719 per square foot.
How much does it cost to lease commercial space in North Riverside?
Asking lease rates in North Riverside, IL average $14.70 per square foot per year.
Where does Realmo's North Riverside market data come from?
Realmo compiles North Riverside, IL figures from 7 recent recorded sales, 2 active sale listings, 8 active lease listings, 470 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 8 active for-lease listings in North Riverside, 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.
- 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
