Elk Grove Village, IL
Commercial Real Estate Market Trends & Data

$220 Avg asking sale price
$14 Avg asking lease rate
15,964 SF Avg unit lease size
31,628 SF Avg building size for sale
6.64% Average cap rate

Elk Grove Village's Demographic Profile

Elk Grove Village has 12,829 households and a median income of $91,507, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 31,368
# Households 12,829
Median age 46
Median household income $91,507
Avg household size 2.0
Renter-occupied housing units 3,326
5-year population change -3%

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

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Elk Grove Village $228 32,693 SF 7.70%
Itasca $314 23,876 SF 7.00%
Medinah $348 9,203 SF 4.62%
Nearby Retail Markets Avg Cost/SF Typical Size
Elk Grove Village $326 17,902 SF
Itasca $283 10,486 SF
Wood Dale $316 10,714 SF
Bensenville $327 10,459 SF
Rolling Meadows $514 45,943 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Mount Prospect $207 14,000 SF 7.47%
Des Plaines $207 13,000 SF 7.47%
Melrose Park $128 4,800 SF 6.09%
Niles $230 4,029 SF 5.27%

Commercial Properties For Sale in Elk Grove Village

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

647 N Central Ave

Wood Dale, IL 60191

  • 15,072 SF Industrial Building
  • $695,000
For Sale

NNN, Grocery Shadow Ctr|Strong Demo's|50k VPD

Schaumburg, IL 60193

  • 53,720 SF Retail Building
  • 7.70% Cap Rate
  • $9,770,000
For Sale

2425 Pan Am Blvd

Elk Grove Village, IL 60007

  • 5,760 SF Industrial Building
  • $2,300,000
For Sale

W Algonquin Rd

Arlington Heights, IL 60005

  • 4.50 AC Lot
  • 1 Commercial Lot
  • $4,300,000
For Sale

UNIT 113

Elk Grove Village, IL 60007

  • 16,309 SF Office Building
  • $109,900
For Sale

Absolute Net Tutor Time

Itasca, IL 60143

  • 10,486 SF Retail Building
  • 7.25% Cap Rate
  • $2,965,000

Average Price For Sale

↻ Updated Monthly

Average Price 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 Elk Grove Village pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Elk Grove Village $220 31,628 SF
Itasca $307 18,658 SF
Wood Dale $317 24,208 SF
Medinah $487 9,203 SF
Bensenville $301 46,295 SF

Regional Demographic Comparison

This comparison places Elk Grove Village 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 Elk Grove Village or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Elk Grove Village 31,368 12,829 46 $91,507 2 3,326 -3%
Itasca 9,032 3,470 42 $105,100 3 1,107 -3%
Wood Dale 13,433 5,010 44 $90,186 3 1,041 -3%
Bensenville 17,625 6,110 38 $66,914 3 3,005 -3%

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

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

Elk Grove Village 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 Elk Grove Village?

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

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

How does Elk Grove Village compare to nearby commercial real estate markets?

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

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