Channahon, IL
Commercial Real Estate Market Trends & Data

$580 Avg asking sale price
$15 Avg asking lease rate
245,073 SF Avg unit lease size
5,563 SF Avg building size for sale
11.17% Average cap rate

Channahon's Demographic Profile

Channahon has 4,945 households and a median income of $105,245, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 14,512
# Households 4,945
Median age 40
Median household income $105,245
Avg household size 3.0
Renter-occupied housing units 507
5-year population change +2%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Channahon $840 2,641 SF
Shorewood $514 8,082 SF
Joliet $365 10,075 SF
Elwood $73 10,000 SF
Coal City $142 7,381 SF

Commercial Properties For Sale in Channahon

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

24725 W Eames St

Channahon, IL 60410

  • 2,740 SF Retail Building
  • $749,500
For Sale

24061 W Eames St

Channahon, IL 60410

  • 4,116 SF Retail Building
  • 16.34% Cap Rate
  • $2,895,000
For Sale

4095 Sand Ridge - Industrial Land

Morris, IL 60450

  • 1,600 SF Industrial Building
  • $479,000
For Sale

0.92 acres Land Waters Edge Minooka IL

Minooka, IL 60447

  • 0.92 AC Lot
  • 1 Residential Income Lot
  • $499,000
For Sale

1.88 Acres Industrial Route 6 Morris

Morris, IL 60450

  • 1.88 AC Lot
  • 1 Industrial Lot
  • $235,000
For Sale

Valvoline

Channahon, IL 60410

  • 1,067 SF Retail Building
  • 6.00% Cap Rate
  • $1,647,300

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Channahon $580 5,563 SF
Minooka $248 11,152 SF
Shorewood $346 40,703 SF
Joliet $639 43,508 SF
Elwood $211 10,493 SF

Regional Demographic Comparison

This comparison places Channahon 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 Channahon or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Channahon 14,512 4,945 40 $105,245 3 507 2%
Minooka 11,646 3,851 36 $97,568 3 663 1%
Elwood 2,343 925 42 $79,798 3 108 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Channahon, 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 Channahon

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

Channahon 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 Channahon?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Channahon. 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 Channahon?

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

How does Channahon compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Channahon. 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 Channahon acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Channahon, 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.

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