Chicago Heights, IL
Commercial Real Estate Market Trends & Data

$95 Avg asking sale price
$9,286 Avg asking lease rate
54,016 SF Avg unit lease size
77,160 SF Avg building size for sale
4.44% Average cap rate

Chicago Heights's Demographic Profile

Chicago Heights has 10,200 households and a median income of $55,977, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 30,588
# Households 10,200
Median age 37
Median household income $55,977
Avg household size 3.0
Renter-occupied housing units 4,223
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Chicago Heights, IL

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Chicago Heights $142 6,319 SF
Glenwood $213 25,615 SF
Lynwood $159 5,965 SF
Sauk Village $174 6,732 SF
South Chicago Heights $122 6,538 SF

Commercial Properties For Sale in Chicago Heights

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

2460 E Lincoln Hwy

Sauk Village, IL 60411

  • 12,212 SF Industrial Building
  • $849,000
For Sale

Goodyear Tire and Auto Repair

South Chicago Heights, IL 60411

  • 10,660 SF Industrial Building
  • $775,000
For Sale

80-90 North St

Park Forest, IL 60466

  • 123,600 SF Industrial Building
  • $5,500,000
For Sale

37 W 14th Pl

Chicago Heights, IL 60411

  • 7,854 SF Multifamily
  • $550,000
For Sale

474 W 14th Pl

Chicago Heights, IL 60411

  • 6,200 SF Multifamily
  • $675,000
For Sale

±11.57 AC Land Development Opp | SBA HUBZone

Steger, IL 60475

  • 11.57 AC Lot
  • 1 Residential Income Lot
  • $1,150,000

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

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Chicago Heights $95 77,160 SF
Ford Heights $70 12,212 SF
Glenwood $314 19,729 SF
Lynwood $159 6,178 SF
Sauk Village $182 5,212 SF

Regional Demographic Comparison

This comparison places Chicago Heights 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 Chicago Heights or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Chicago Heights 30,588 10,200 37 $55,977 3 4,223 1%
Ford Heights 2,263 739 36 $39,513 3 408 3%
Glenwood 8,607 3,180 42 $67,522 3 847 -2%
Lynwood 9,317 3,549 42 $71,469 3 1,084 -1%

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

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

Chicago Heights 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 Chicago Heights?

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

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

How does Chicago Heights compare to nearby commercial real estate markets?

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

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