Commercial Real Estate Market in Northlake, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
72 active listings and 3,025 off-market properties in Northlake, IL. Commercial property asks $64/SF to buy and $15.47/SF/Yr to lease.
Market Trends
Northlake, IL spans 4.9 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Northlake, 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 Northlake, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Northlake, 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 Northlake, 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 56.8%
- Industrial 31.1%
- Open space 6.3%
- Commercial 5%
- Civic 0.8%
Largest Zones share of zoned land by district
Single Family Residence District
General Industrial District
Open Space
Limited Industrial District
Retail And Service Business District
Northlake, IL zones 2,045 acres across 13 districts. Commercial zoning covers 5% of zoned land, residential 56.8%, open space 6.3% and industrial 31.1%. The largest single district is Single Family Residence District at 54.4%. For commercial buyers the practical constraint is that only 36.1% of land carries a commercial or industrial designation.
Single Family Residence District (R-1)
The R-1 District is established to encourage the orderly development of low density residential use; to provide areas well suited as to location and topography, to meet the market demands for large lots; and to prohibit any uses which are incompatible, The principal use of land is for single family dwellings
Market overview
Demographics & Economy
Northlake, IL has 22,367 residents in 7,513 households. Density runs 4,554 people per square mile. Median household income here is $76,483 and median gross rent $1,143 a month.
22,367
Population
7,513
Households
3
Avg Household Size
39
Median Age
14%
College-Educated
77%
High-School Grad
4.9 sq mi
ZIP Area
4,554
Density / Sq Mi
$76,483
Median Household Income
$40,332
Median Earnings
$1,143
Median Rent
$240,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Melrose Park | — | — |
| Hillside | — | $20.33 |
| Elmhurst | — | $20.74 |
Commercial property in Northlake, IL asks $64/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Northlake?
Commercial property in Northlake, IL asks an average of $64 per square foot.
How much does it cost to lease commercial space in Northlake?
Asking lease rates in Northlake, IL average $15.47 per square foot per year.
What zoning applies to commercial property in Northlake?
Northlake, IL zones 2,045 acres across 13 districts, of which 5% is commercial and 31.1% industrial. The largest single district is Single Family Residence District at 54.4% of zoned land. The R-1 District is established to encourage the orderly development of low density residential use; to provide areas well suited as to location and topography, to meet the market demands for large lots; and to prohibit any uses which are incompatible, The principal use of land is for single family dwellings Residential zoning covers 56.8% and open space 6.3%.
Where does Realmo's Northlake market data come from?
Realmo compiles Northlake, IL figures from 6 recent recorded sales, 41 active sale listings, 31 active lease listings, 3,025 tracked off-market properties, the current Northlake zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 41 active for-sale and 31 active for-lease listings in Northlake, 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: 2,045 zoned acres across 13 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 · How Realmo checks market page data · Report a data issue
