Berwyn, IL
Commercial Real Estate Market Trends & Data

$213 Avg asking sale price
$22 Avg asking lease rate
10,289 SF Avg unit lease size
16,358 SF Avg building size for sale
7.84% Average cap rate

Berwyn's Demographic Profile

Berwyn has 17,221 households and a median income of $69,215, providing context for rent absorption and tenant demand across retail and multifamily assets. A -6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 50,840
# Households 17,221
Median age 38
Median household income $69,215
Avg household size 3.0
Renter-occupied housing units 7,267
5-year population change -6%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Berwyn, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Berwyn $194 8,500 SF 9.52%
Riverside $244 8,000 SF 9.04%
Brookfield $170 6,959 SF 8.70%
Nearby Retail Markets Avg Cost/SF Typical Size
Berwyn $314 14,208 SF
Stickney $197 59,009 SF
Cicero $293 9,329 SF
Lyons $166 31,341 SF
Riverside $183 31,731 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Berwyn $121 19,059 SF 9.83%
Cicero $93 18,741 SF 9.83%
Chicago $183 39,437 SF 25.00%
Oak Park $186 16,389 SF 12.74%

Commercial Properties For Sale in Berwyn

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Dunkin’

Cicero, IL 60804

  • 1,850 SF Retail Building
  • 5.80% Cap Rate
  • $2,068,000
For Sale

AIA /// 9 UNITS /// OAK PARK

Oak Park, IL 60304

  • 8,802 SF Multifamily
  • 7.16% Cap Rate
  • $1,500,000
For Sale

3237 S Harlem Ave

Berwyn, IL 60402

  • 10,238 SF Specialty
  • $2,000,000
For Sale

1520 Hannah Ave

Forest Park, IL 60130

  • 6,000 SF Flex Building
  • $650,000
For Sale

Cicero Mixed-Use, 4 Apts + Corner Store Front

Cicero, IL 60804

  • 5,894 SF Multifamily
  • 8.39% Cap Rate
  • $795,000
For Sale

The Island Portfolio

Chicago, IL

  • 9.61% Cap Rate
  • $3,750,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Where Multifamily Asking Prices Are Rising and Falling in 2026
Where Multifamily Asking Prices Are Rising and Falling in 2026
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Online Auctions vs. Traditional Sales
Learn how you can strategically use the two transaction methods to achieve stronger outcomes, whether that's a faster deal, maximized sales price, or a low risk of fallouts.
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What Are Leasehold Improvements?
A complete guide to leasehold improvements, including what qualifies, who owns them, how they affect taxes, and how to maximize their value.
Straight-Line Depreciation in Commercial Real Estate
Straight-Line Depreciation in Commercial Real Estate
Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Small vs. Large Multifamily Real Estate Investing
Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
How to Buy a Duplex
How to Buy a Duplex
Breaking down every stage of buying a duplex, from budgeting and financing to agent selection and market analysis, ensuring you make an informed investment decision.
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
Spec Suites: A Powerful Tool in the Battle To Fill Office Space
New Space, Quick Occupancy, No Construction
Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Berwyn pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Berwyn $213 16,358 SF
Stickney $167 135,018 SF
Forest View $44 100,000 SF
Cicero $241 38,213 SF
Lyons $223 19,272 SF

Regional Demographic Comparison

This comparison places Berwyn alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Berwyn or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Berwyn 50,840 17,221 38 $69,215 3 7,267 -6%
Stickney 6,247 2,090 39 $66,743 3 632 -5%
Forest View 722 253 41 $101,515 3 24 -4%
Cicero 65,761 18,416 34 $59,574 3 9,359 -11%
Lyons 10,471 3,937 40 $67,660 3 1,595 -3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Berwyn, IL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Berwyn

View All Commercial Real Estate For Sale in Berwyn
Is Berwyn a good market for a first-time commercial real estate investor?

Berwyn offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Berwyn?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Berwyn. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Berwyn?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Berwyn. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Berwyn compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Berwyn. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Berwyn acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Berwyn, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends