Crest Hill, IL
Commercial Real Estate Market Trends & Data

$354 Avg asking sale price
$443 Avg asking lease rate
15,869 SF Avg unit lease size
59,745 SF Avg building size for sale
6.83% Average cap rate

Crest Hill's Demographic Profile

Crest Hill has 7,317 households and a median income of $65,671, 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 20,074
# Households 7,317
Median age 42
Median household income $65,671
Avg household size 2.0
Renter-occupied housing units 2,408
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Crest Hill, IL

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Lockport $134 58,274 SF 5.50%
Romeoville $396 216,249 SF 5.50%
Joliet $188 98,761 SF 6.75%
Nearby Retail Markets Avg Cost/SF Typical Size
Crest Hill $461 11,742 SF
Lockport $195 6,560 SF
Romeoville $357 6,375 SF
Joliet $365 10,075 SF
Shorewood $514 8,082 SF

Commercial Properties For Sale in Crest Hill

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

Ridgefield Commons

Joliet, IL 60435

  • 6,280 SF Office Building
  • $274,900
For Sale

3151 Voyager Ln

Joliet, IL 60431

  • 8,000 SF Retail Building
  • $4,200,000
For Sale

780 S Weber Rd

Romeoville, IL 60446

  • 3,500 SF Retail Building
  • $1,500,000
For Sale

2532 Plainfield Rd

Joliet, IL 60435

  • 1.46 AC Lot
  • 1 Commercial Lot
  • $637,700
For Sale

16007

Crest Hill, IL 60403

  • 11,400 SF Office Building
  • $585,000
For Sale

Aspen Dental, AT&T, & American Mattress

Joliet, IL 60435

  • 8,216 SF Retail Building
  • 6.00% Cap Rate
  • $5,133,000

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

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Internal Rate of Return (IRR) Calculator
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Master Lease Strategies
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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
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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
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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 Crest Hill pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Crest Hill $354 59,745 SF
Lockport $134 41,315 SF
Romeoville $323 109,008 SF
Joliet $452 43,508 SF

Regional Demographic Comparison

This comparison places Crest Hill 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 Crest Hill or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Crest Hill 20,074 7,317 42 $65,671 2 2,408 -1%
Rockdale 1,861 742 39 $47,968 3 382 -1%

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

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

Crest Hill 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 Crest Hill?

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

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

How does Crest Hill compare to nearby commercial real estate markets?

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

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