Commercial Real Estate Market in Thornton, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 148 off-market properties in Thornton, IL.
Market Trends
Thornton, IL spans 3.3 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Thornton, 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 Thornton, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Thornton, 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 Thornton, 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 74.3%
- Residential 17%
- Open space 6.8%
- Commercial 1.9%
Largest Zones share of zoned land by district
Industrial
Residential
Forest
General Business And Services
Limited Retail And Services
Thornton, IL zones 1,558 acres across 5 districts. Commercial zoning covers 1.9% of zoned land, residential 17%, open space 6.8% and industrial 74.3%. The largest single district is Industrial at 74.3%. For commercial buyers the practical constraint is that only 76.2% of land carries a commercial or industrial designation.
Residential (R)
To promote the best use and development of residential land in accordance with a comprehensive land use plan, to promote stability of residential development and protect the character and desirable development and to protect the value of land and improvements and so strengthen the economic base of the Village.
Market overview
Demographics & Economy
Thornton, IL has 2,388 residents in 849 households. Density runs 721 people per square mile. Median household income here is $61,111 and median gross rent $1,099 a month.
2,388
Population
849
Households
2.8
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
3.3 sq mi
ZIP Area
721
Density / Sq Mi
$61,111
Median Household Income
$35,750
Median Earnings
$1,099
Median Rent
$146,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glenwood | — | — |
| East Hazel Crest | — | $33.39 |
| South Holland | — | — |
| Lansing | — | — |
Commercial property in Thornton, IL asks $24/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Thornton?
Commercial property in Thornton, IL asks an average of $24 per square foot.
What zoning applies to commercial property in Thornton?
Thornton, IL zones 1,558 acres across 5 districts, of which 1.9% is commercial and 74.3% industrial. The largest single district is Industrial at 74.3% of zoned land. Residential zoning covers 17% and open space 6.8%.
Where does Realmo's Thornton market data come from?
Realmo compiles Thornton, IL figures from 3 recent recorded sales, 2 active sale listings, 148 tracked off-market properties, the current Thornton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Thornton, 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: 1,558 zoned acres across 5 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 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
