Commercial Real Estate Market in Orland Park, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
89 active listings and 1,210 off-market properties in Orland Park, IL. Commercial property asks $203/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Orland Park, IL spans 30.7 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Orland Park, IL has a median asking sale price of $196/SF (based on 8 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Orland Park, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Orland Park, 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%.
Multifamily
Multifamily vacancy in Orland Park, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Market overview
Demographics & Economy
Orland Park, IL has 66,637 residents in 27,390 households. Density runs 2,167 people per square mile. Median household income here is $101,675 and median gross rent $1,710 a month.
Tools
Lease vs Buy Breakeven
At $17.00/SF/Yr lease vs $203/SF buy → buying wins if held > 2 years.
At a 8.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Frankfort | $153 | $12.00 |
| Lemont | $219 | — |
| Tinley Park | $109 | $19.00 |
Commercial property in Orland Park, IL asks $203/SF. The 3 bordering markets run from $109/SF in Tinley Park to $219/SF in Lemont, and the city sits above their $153/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Orland Park?
How much does it cost to lease commercial space in Orland Park?
Is it cheaper to lease or buy commercial space in Orland Park?
How does Orland Park compare to nearby markets on price?
Where does Realmo's Orland Park market data come from?
Methodology & data sources
- Asking prices and medians
- There are 34 active for-sale and 55 active for-lease listings in Orland Park, IL. The medians are based on 11 of the for-sale and 16 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
