Commercial Real Estate Market in Wilmette, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
81 active listings and 1,440 off-market properties in Wilmette, IL. Commercial property asks $59/SF to buy and $20.30/SF/Yr to lease.
Market Trends
Wilmette, IL spans 5.3 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Wilmette, 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 Wilmette, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Wilmette, 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 Wilmette, 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 82.2%
- Civic 12.8%
- Mixed use 3.6%
- Industrial 0.9%
- Commercial 0.5%
Largest Zones share of zoned land by district
Residential Sub District
Residential Sub District
Residential Sub District
Residential Sub District
Single Family Detached Residence
Wilmette, IL zones 3,475 acres across 23 districts. Commercial zoning covers 0.5% of zoned land, residential 82.2% and industrial 0.9%. The largest single district is Residential Sub District at 35.2%. For commercial buyers the practical constraint is that only 1.4% of land carries a commercial or industrial designation.
Residential Sub District (R1-A)
The R1-A Sub-district contains predominantly single story and split-level homes developed since the 1950s. (2) The R1-B Sub-district contains residential development of a relatively low scale character having height and land coverage characteristics smaller than other areas. (3) The R1-C Sub-district contains a set of relatively uniform lots that tend to con…
Market overview
Demographics & Economy
Wilmette, IL has 28,053 residents in 10,673 households. Density runs 5,251 people per square mile. Median household income here is $190,250 and median gross rent $1,968 a month.
28,053
Population
10,673
Households
2.6
Avg Household Size
44
Median Age
85%
College-Educated
99%
High-School Grad
5.3 sq mi
ZIP Area
5,251
Density / Sq Mi
$190,250
Median Household Income
$98,414
Median Earnings
$1,968
Median Rent
$800,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Evanston | — | $24.45 |
| Skokie | — | $21.64 |
| Northfield | — | $50.00 |
| Morton Grove | — | $10.25 |
Commercial property in Wilmette, IL asks $59/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wilmette?
Commercial property in Wilmette, IL asks an average of $59 per square foot.
How much does it cost to lease commercial space in Wilmette?
Asking lease rates in Wilmette, IL average $20.30 per square foot per year.
What zoning applies to commercial property in Wilmette?
Wilmette, IL zones 3,475 acres across 23 districts, of which 0.5% is commercial and 0.9% industrial. The largest single district is Residential Sub District at 35.2% of zoned land. The R1-A Sub-district contains predominantly single story and split-level homes developed since the 1950s. (2) The R1-B Sub-district contains residential development of a relatively low scale character having height and land coverage characteristics smaller than other areas. (3) The R1-C Sub-district contains a set of relatively uniform lots that tend to con… Residential zoning covers 82.2% and open space 0%.
Where does Realmo's Wilmette market data come from?
Realmo compiles Wilmette, IL figures from 4 recent recorded sales, 71 active sale listings, 10 active lease listings, 1,440 tracked off-market properties, the current Wilmette zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 10 active for-lease listings in Wilmette, 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: 3,475 zoned acres across 23 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
