Commercial Real Estate Market in Steger, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
120 active listings and 3,323 off-market properties in Steger, IL. Commercial property asks $52/SF to buy and $11.00/SF/Yr to lease.
Market Trends
Steger, IL spans 4.8 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Steger, 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 Steger, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Steger, 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 Steger, 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 88.8%
- Commercial 6.4%
- Industrial 1.9%
- Planned_development 0.4%
Largest Zones share of zoned land by district
One Family Dwelling District
One Family Dwelling District
One Family Dwelling District
One Family Dwelling District
Business District Limited Retail
Steger, IL zones 1,772 acres across 11 districts. Commercial zoning covers 6.4% of zoned land, residential 88.8% and industrial 1.9%. The largest single district is One Family Dwelling District at 37.8%. For commercial buyers the practical constraint is that only 8.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Steger, IL has 9,969 residents in 4,790 households. Density runs 2,069 people per square mile. Median household income here is $61,222 and median gross rent $1,032 a month.
9,969
Population
4,790
Households
2.1
Avg Household Size
38
Median Age
16%
College-Educated
88%
High-School Grad
4.8 sq mi
ZIP Area
2,069
Density / Sq Mi
$61,222
Median Household Income
$38,837
Median Earnings
$1,032
Median Rent
$137,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Crete | — | — |
| Chicago Heights | — | $11.00 |
| University Park | — | — |
| Olympia Fields | — | $15.00 |
Commercial property in Steger, IL asks $52/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Steger?
Commercial property in Steger, IL asks an average of $52 per square foot.
How much does it cost to lease commercial space in Steger?
Asking lease rates in Steger, IL average $11.00 per square foot per year.
What zoning applies to commercial property in Steger?
Steger, IL zones 1,772 acres across 11 districts, of which 6.4% is commercial and 1.9% industrial. The largest single district is One Family Dwelling District at 37.8% of zoned land. Residential zoning covers 88.8% and open space 0%.
Where does Realmo's Steger market data come from?
Realmo compiles Steger, IL figures from 3 recent recorded sales, 99 active sale listings, 21 active lease listings, 3,323 tracked off-market properties, the current Steger zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 99 active for-sale and 21 active for-lease listings in Steger, 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: 1,772 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
