Commercial Real Estate Market in Riverside, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
10 active listings and 470 off-market properties in Riverside, IL. Commercial property asks $719/SF to buy and $14.70/SF/Yr to lease.
Market Trends
Riverside, IL spans 4.0 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in 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 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 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 Riverside, 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 95.4%
- Commercial 3.4%
- Mixed use 1.2%
Largest Zones share of zoned land by district
Single Family Residence Area District A
Single Family Residence Area District Aa
Mixed Residence District
Single And Two Family Residence District
Central Business Subdistrict Retail Core
Riverside, IL zones 1,083 acres across 11 districts. Commercial zoning covers 3.4% of zoned land, residential 95.4%. The largest single district is Single Family Residence Area District A at 67.1%. For commercial buyers the practical constraint is that only 3.4% of land carries a commercial or industrial designation.
Single Family Residence Area District A (R1-A)
The purpose and intent of the R1-A single-family residence district is to preserve single-family residential areas in the village with lots that are at least seven thousand (7,000) square feet in area
Market overview
Demographics & Economy
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 |
|---|---|---|
| North Riverside | — | — |
| Lyons | — | — |
| Brookfield | — | — |
| Berwyn | — | $25.43 |
Commercial property in Riverside, IL asks $719/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Riverside?
Commercial property in Riverside, IL asks an average of $719 per square foot.
How much does it cost to lease commercial space in Riverside?
Asking lease rates in Riverside, IL average $14.70 per square foot per year.
What zoning applies to commercial property in Riverside?
Riverside, IL zones 1,083 acres across 11 districts, of which 3.4% is commercial and 0% industrial. The largest single district is Single Family Residence Area District A at 67.1% of zoned land. The purpose and intent of the R1-A single-family residence district is to preserve single-family residential areas in the village with lots that are at least seven thousand (7,000) square feet in area Residential zoning covers 95.4% and open space 0%.
Where does Realmo's Riverside market data come from?
Realmo compiles Riverside, IL figures from 7 recent recorded sales, 2 active sale listings, 8 active lease listings, 470 tracked off-market properties, the current Riverside zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 8 active for-lease listings in 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.
- Zoning and land use
- The current municipal zoning release: 1,083 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
