Commercial Real Estate Market in Riverdale, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
6,420 active listings and 204,077 off-market properties in Riverdale, IL. Commercial property asks $149/SF to buy and $25.70/SF/Yr to lease.
Market Trends
Riverdale, IL spans 7.0 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Riverdale, IL asks $23.41/SF/Yr to lease. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Riverdale, IL asks $29.27/SF/Yr to lease. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial space in Riverdale, IL asks $11.50/SF/Yr to lease. Vacancy runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Riverdale, 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
- Industrial 42.3%
- Open space 28.1%
- Residential 26.1%
- Commercial 3.1%
- Civic 0.5%
Largest Zones share of zoned land by district
Conservation Recreation
General Industrial
Restricted Industrial
Single Family Residence
Limited General Residence
Riverdale, IL zones 2,366 acres across 11 districts. Commercial zoning covers 3.1% of zoned land, residential 26.1%, open space 28.1% and industrial 42.3%. The largest single district is Conservation Recreation at 28.1%. For commercial buyers the practical constraint is that only 45.3% of land carries a commercial or industrial designation.
General Industrial (I2)
I-2 general industrial district. The I-2 general industrial district is intended to accommodate those industrial activities which may produce moderate nuisances or hazards in areas that are relatively remote from residential and commercial development. A. Uses allowed in the I-2 district are subject to the following conditions: 1. Dwelling units and lodging…
Market overview
Demographics & Economy
Riverdale, IL has 24,936 residents in 11,481 households. Density runs 3,549 people per square mile. Median household income here is $37,648 and median gross rent $1,044 a month.
24,936
Population
11,481
Households
2.2
Avg Household Size
34
Median Age
15%
College-Educated
89%
High-School Grad
7 sq mi
ZIP Area
3,549
Density / Sq Mi
$37,648
Median Household Income
$31,611
Median Earnings
$1,044
Median Rent
$123,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dolton | — | — |
| Dixmoor | — | — |
| South Holland | — | — |
| Posen | — | — |
Commercial property in Riverdale, IL asks $149/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Riverdale?
Commercial property in Riverdale, IL asks an average of $149 per square foot.
How much does it cost to lease commercial space in Riverdale?
Asking lease rates in Riverdale, IL average $25.70 per square foot per year. Office asks $23.41/SF/Yr as of Q2 26, down from $26.55/SF/Yr in Q1 26.
What zoning applies to commercial property in Riverdale?
Riverdale, IL zones 2,366 acres across 11 districts, of which 3.1% is commercial and 42.3% industrial. The largest single district is Conservation Recreation at 28.1% of zoned land. Residential zoning covers 26.1% and open space 28.1%.
Where does Realmo's Riverdale market data come from?
Realmo compiles Riverdale, IL figures from 8 recent recorded sales, 4,432 active sale listings, 1,988 active lease listings, 204,077 tracked off-market properties, the current Riverdale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4,432 active for-sale and 1,988 active for-lease listings in Riverdale, 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: 2,366 zoned acres across 11 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 · report a data issue
