Commercial Real Estate Market in Winnetka, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
21 active listings and 374 off-market properties in Winnetka, IL. Commercial property asks $8,016/SF to buy and $50.00/SF/Yr to lease.
Market Trends
Winnetka, IL spans 8.4 square miles in Cook County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Winnetka, 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 Winnetka, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Winnetka, 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 Winnetka, 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 96.6%
- Commercial 3.1%
- Mixed use 0.3%
- Industrial 0%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Single Family Residential
Single Family Residential
Single Family Residential
Winnetka, IL zones 2,479 acres across 10 districts. Commercial zoning covers 3.1% of zoned land, residential 96.6% and industrial 0%. The largest single district is Single Family Residential at 48.3%. For commercial buyers the practical constraint is that only 3.1% of land carries a commercial or industrial designation.
Single Family Residential (R2)
R-2 Single-Family Residential District Purpose. 17.24.020 Permitted Uses. Share Download Bookmark Print Section 17.24.010 R-2 Single-Family Residential District Purpose. The requirements set forth in this chapter, together with other provisions set forth in the Building Code of the Village, have been adopted in order to provide for a single-family residentia…
Market overview
Demographics & Economy
Winnetka, IL has 20,691 residents in 7,833 households. Density runs 2,471 people per square mile. Median household income here is $230,777 and median gross rent $1,840 a month.
20,691
Population
7,833
Households
2.6
Avg Household Size
42
Median Age
82%
College-Educated
98%
High-School Grad
8.4 sq mi
ZIP Area
2,471
Density / Sq Mi
$230,777
Median Household Income
$90,290
Median Earnings
$1,840
Median Rent
$1,073,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Northfield | — | $50.00 |
| Glenview | — | $19.88 |
| Evanston | — | $24.45 |
| Morton Grove | — | $10.25 |
Commercial property in Winnetka, IL asks $8,016/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Winnetka?
Commercial property in Winnetka, IL asks an average of $8,016 per square foot.
How much does it cost to lease commercial space in Winnetka?
Asking lease rates in Winnetka, IL average $50.00 per square foot per year.
What zoning applies to commercial property in Winnetka?
Winnetka, IL zones 2,479 acres across 10 districts, of which 3.1% is commercial and 0% industrial. The largest single district is Single Family Residential at 48.3% of zoned land. R-2 Single-Family Residential District Purpose. 17.24.020 Permitted Uses. Share Download Bookmark Print Section 17.24.010 R-2 Single-Family Residential District Purpose. The requirements set forth in this chapter, together with other provisions set forth in the Building Code of the Village, have been adopted in order to provide for a single-family residentia… Residential zoning covers 96.6% and open space 0%.
Where does Realmo's Winnetka market data come from?
Realmo compiles Winnetka, IL figures from 8 recent recorded sales, 13 active sale listings, 8 active lease listings, 374 tracked off-market properties, the current Winnetka zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 8 active for-lease listings in Winnetka, 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: 2,479 zoned acres across 10 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
