Commercial Real Estate Market in Northfield, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 374 off-market properties in Northfield, IL. Commercial property asks $8,016/SF to buy and $40.00/SF/Yr to lease.
Market Trends
Northfield, IL spans 8.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Northfield, 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 Northfield, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northfield, 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 Northfield, 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 86.4%
- Commercial 8.4%
- Industrial 2.3%
- Mixed use 2%
- Planned_development 0.9%
Largest Zones share of zoned land by district
Countryside Residential
Single Family Dwelling
Single Family Dwelling
Office And Research District
Village Center District
Northfield, IL zones 2,009 acres across 12 districts. Commercial zoning covers 8.4% of zoned land, residential 86.4% and industrial 2.3%. The largest single district is Countryside Residential at 54.6%. For commercial buyers the practical constraint is that only 10.7% of land carries a commercial or industrial designation.
Village Center District (V/C)
VC VILLAGE CENTER DISTRICT Sec. 13-1. PURPOSE. The regulations set forth in this Article or set forth elsewhere in this Appendix A when referred to in this Article, are the district regulations for the VC Village Center District. The VC District is the main civic, business and mixed use core of the Village. It includes a wide range of retail, service, office…
Market overview
Demographics & Economy
Northfield, IL has 20,691 residents in 7,833 households. Density runs 2,471 people per square mile. Median household income here is $230,777 and median gross rent $1,840 a month.
20,691
Population
7,833
Households
2.6
Avg Household Size
42
Median Age
82%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,471
Density / Sq Mi
$230,777
Median Household Income
$90,290
Median Earnings
$1,840
Median Rent
$1,073,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Techny | — | — |
| Hubbard Woods | — | — |
| Glencoe | — | — |
| Glenview | — | $19.88 |
Commercial property in Northfield, IL asks $8,016/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northfield?
Commercial property in Northfield, IL asks an average of $8,016 per square foot.
How much does it cost to lease commercial space in Northfield?
Asking lease rates in Northfield, IL average $40.00 per square foot per year.
What zoning applies to commercial property in Northfield?
Northfield, IL zones 2,009 acres across 12 districts, of which 8.4% is commercial and 2.3% industrial. The largest single district is Countryside Residential at 54.6% of zoned land. Residential zoning covers 86.4% and open space 0%.
Where does Realmo's Northfield market data come from?
Realmo compiles Northfield, IL figures from 8 recent recorded sales, 13 active sale listings, 6 active lease listings, 374 tracked off-market properties, the current Northfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 6 active for-lease listings in Northfield, 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: 2,009 zoned acres across 12 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
