Commercial Real Estate Market in Summit-Argo, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
133 active listings and 4,055 off-market properties in Summit-Argo, IL. Commercial property asks $112/SF to buy and $24.74/SF/Yr to lease.
Market Trends
Summit-Argo, IL spans 4.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Summit-Argo, 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 Summit-Argo, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Summit-Argo, 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 Summit-Argo, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Summit-Argo, IL has 11,746 residents in 4,134 households. Density runs 2,697 people per square mile. Median household income here is $62,110 and median gross rent $1,017 a month.
11,746
Population
4,134
Households
2.8
Avg Household Size
34
Median Age
13%
College-Educated
69%
High-School Grad
4.4 sq mi
ZIP Area
2,697
Density / Sq Mi
$62,110
Median Household Income
$34,728
Median Earnings
$1,017
Median Rent
$227,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Summit-Argo?
Commercial property in Summit-Argo, IL asks an average of $112 per square foot.
How much does it cost to lease commercial space in Summit-Argo?
Asking lease rates in Summit-Argo, IL average $24.74 per square foot per year.
Where does Realmo's Summit-Argo market data come from?
Realmo compiles Summit-Argo, IL figures from 8 recent recorded sales, 72 active sale listings, 61 active lease listings, 4,055 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 72 active for-sale and 61 active for-lease listings in Summit-Argo, 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 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 · How Realmo checks market page data · Report a data issue
