Downers Grove, IL
Commercial Real Estate Market Trends & Data

$566 Avg asking sale price
$18 Avg asking lease rate
11,550 SF Avg unit lease size
17,200 SF Avg building size for sale
6.52% Average cap rate

Downers Grove's Demographic Profile

Downers Grove has 20,248 households and a median income of $105,477, 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 50,339
# Households 20,248
Median age 44
Median household income $105,477
Avg household size 2.0
Renter-occupied housing units 5,129
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Downers Grove, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Downers Grove $483 9,332 SF 7.50%
Lisle $142 29,841 SF 8.22%
Westmont $506 3,590 SF 10.21%
Darien $856 8,091 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Downers Grove $616 14,651 SF 5.75%
Westmont $357 12,038 SF 5.75%
Nearby Retail Markets Avg Cost/SF Typical Size
Downers Grove $734 24,095 SF
Lisle $358 84,975 SF
Westmont $759 16,241 SF
Woodridge $731 25,748 SF
Darien $793 39,102 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Glen Ellyn $130 15,688 SF 6.44%
Wheaton $169 17,257 SF 6.44%
Melrose Park $176 5,956 SF 10.95%

Commercial Properties For Sale in Downers Grove

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

4910 Main St

Downers Grove, IL 60515

  • 2,277 SF Office Building
  • 5.54% Cap Rate
  • $1,200,000
For Sale

2411 Warrenville Rd

Downers Grove, IL 60515

  • 1,500 SF Industrial Building
  • $1,500,000
For Sale

AutoZone

Lisle, IL 60532

  • 7,001 SF Retail Building
  • 5.75% Cap Rate
  • $2,008,695
For Sale

50 W Ogden Ave

Westmont, IL 60559

  • 23,164 SF Retail Building
  • 5.75% Cap Rate
  • $14,000,000
For Sale

5222 Main St

Downers Grove, IL 60515

  • 8,693 SF Office Building
  • $1,500,000
For Sale

22nd St Plaza

Lombard, IL 60148

  • 40,800 SF Retail Building
  • 8.80% Cap Rate
  • $6,900,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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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.
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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 Downers Grove pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Downers Grove $566 17,200 SF
Lisle $390 40,350 SF
Westmont $474 9,788 SF
Woodridge $592 44,913 SF
Darien $504 23,921 SF

Regional Demographic Comparison

This comparison places Downers Grove 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 Downers Grove or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Downers Grove 50,339 20,248 44 $105,477 2 5,129 -1%
Lisle 23,898 10,053 40 $99,077 2 4,356 -1%
Westmont 24,974 10,560 42 $80,790 2 4,610 -1%
Woodridge 33,729 13,140 40 $94,615 3 4,468 -2%
Darien 20,926 8,599 48 $102,974 2 1,605 -2%

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

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

Downers Grove 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 Downers Grove?

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

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

How does Downers Grove compare to nearby commercial real estate markets?

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

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