Commercial Real Estate Market in Schiller Park, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
83 active listings and 2,179 off-market properties in Schiller Park, IL. Commercial property asks $62/SF to buy and $10.79/SF/Yr to lease.
Market Trends
Schiller Park, IL spans 8.0 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Schiller Park, 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 Schiller Park, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Schiller 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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Schiller Park, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Schiller Park, IL has 29,919 residents in 10,543 households. Density runs 3,752 people per square mile. Median household income here is $72,907 and median gross rent $1,140 a month.
29,919
Population
10,543
Households
2.8
Avg Household Size
39
Median Age
22%
College-Educated
81%
High-School Grad
8 sq mi
ZIP Area
3,752
Density / Sq Mi
$72,907
Median Household Income
$39,896
Median Earnings
$1,140
Median Rent
$267,438
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| River Grove | — | — |
| Bensenville | — | $21.83 |
| Melrose Park | — | — |
| Park Ridge | — | $26.40 |
Commercial property in Schiller Park, IL asks $62/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Schiller Park?
Commercial property in Schiller Park, IL asks an average of $62 per square foot.
How much does it cost to lease commercial space in Schiller Park?
Asking lease rates in Schiller Park, IL average $10.79 per square foot per year.
Where does Realmo's Schiller Park market data come from?
Realmo compiles Schiller Park, IL figures from 7 recent recorded sales, 42 active sale listings, 41 active lease listings, 2,179 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 42 active for-sale and 41 active for-lease listings in Schiller Park, 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.
- 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
