Commercial Real Estate Market in Wheaton, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
54 active listings and 821 off-market properties in Wheaton, IL. Commercial property asks $190/SF to buy and $18.33/SF/Yr to lease.
Market Trends
Wheaton, IL spans 17.1 square miles in DuPage County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wheaton, 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 Wheaton, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wheaton, 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 Wheaton, 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 79.5%
- Commercial 12.6%
- Civic 6.8%
- Industrial 1.1%
Largest Zones share of zoned land by district
Residence District
Residence District
Residence District
Residence District
Residence District
Wheaton, IL zones 7,429 acres across 21 districts. Commercial zoning covers 12.6% of zoned land, residential 79.5% and industrial 1.1%. The largest single district is Residence District at 38.5%. For commercial buyers the practical constraint is that only 13.7% of land carries a commercial or industrial designation.
Residence District (R3)
A district designed primarily for single-family dwellings with a lot size of not less than 10000 sq ft per dwelling unit.
Market overview
Demographics & Economy
Wheaton, IL has 60,436 residents in 23,016 households. Density runs 3,541 people per square mile. Median household income here is $121,982 and median gross rent $1,746 a month.
60,436
Population
23,016
Households
2.6
Avg Household Size
39
Median Age
64%
College-Educated
96%
High-School Grad
17.1 sq mi
ZIP Area
3,541
Density / Sq Mi
$121,982
Median Household Income
$57,425
Median Earnings
$1,746
Median Rent
$449,842
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Valley View | — | — |
| Winfield | — | — |
| Glen Ellyn | — | — |
| Lisle | — | $19.78 |
Commercial property in Wheaton, IL asks $190/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wheaton?
Commercial property in Wheaton, IL asks an average of $190 per square foot. The 7 most recent recorded sales traded at a median of $309/SF.
How much does it cost to lease commercial space in Wheaton?
Asking lease rates in Wheaton, IL average $18.33 per square foot per year.
What zoning applies to commercial property in Wheaton?
Wheaton, IL zones 7,429 acres across 21 districts, of which 12.6% is commercial and 1.1% industrial. The largest single district is Residence District at 38.5% of zoned land. A district designed primarily for single-family dwellings with a lot size of not less than 10000 sq ft per dwelling unit. Residential zoning covers 79.5% and open space 0%.
Where does Realmo's Wheaton market data come from?
Realmo compiles Wheaton, IL figures from 7 recent recorded sales, 28 active sale listings, 26 active lease listings, 821 tracked off-market properties, the current Wheaton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 26 active for-lease listings in Wheaton, 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: 7,429 zoned acres across 21 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
