Forest Park, IL
Commercial Real Estate Market Trends & Data

$278 Avg asking sale price
$210 Avg asking lease rate
15,957 SF Avg unit lease size
27,532 SF Avg building size for sale
6.91% Average cap rate

Forest Park's Demographic Profile

Forest Park has 7,623 households and a median income of $73,606, 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 14,673
# Households 7,623
Median age 43
Median household income $73,606
Avg household size 2.0
Renter-occupied housing units 4,054
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Forest Park, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Forest Park $205 17,127 SF 7.37%
River Forest $111 12,577 SF 7.37%
Oak Park $217 15,784 SF 9.04%
Broadview $100 21,167 SF 9.90%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Forest Park $132 68,587 SF 7.68%
Maywood $134 22,963 SF 7.49%
North Riverside $128 21,333 SF 7.68%
Oak Park $103 34,328 SF 9.48%
Nearby Retail Markets Avg Cost/SF Typical Size
Forest Park $424 9,278 SF
Maywood $153 15,787 SF
North Riverside $204 219,471 SF
River Forest $227 9,867 SF
Oak Park $242 22,280 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
River Forest $176 5,956 SF 10.95%
Oak Park $136 17,907 SF 11.05%
Berwyn $112 20,768 SF 9.83%
Cicero $86 19,915 SF 9.83%

Commercial Properties For Sale in Forest Park

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

Wendy's

Oak Park, IL 60302

  • 3,500 SF Retail Building
  • 5.76% Cap Rate
  • $3,250,000
For Sale

1520 Hannah Ave

Forest Park, IL 60130

  • 6,000 SF Flex Building
  • $650,000
For Sale

1540 Hannah Ave

Forest Park, IL 60130

  • 13,000 SF Flex Building
  • $2,600,000
For Sale

7321 Madison St

Forest Park, IL 60130

  • 21,000 SF Retail Building
  • $2,999,000
For Sale

Kiddie Academy

Oak Park, IL 60304

  • 13,098 SF Retail Building
  • 7.25% Cap Rate
  • $6,503,834
For Sale

1401 S Circle Ave

Forest Park, IL 60130

  • 45,000 SF Industrial Building
  • 7.68% Cap Rate
  • $3,400,000

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 Forest Park pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Forest Park $278 27,532 SF
Maywood $150 15,777 SF
North Riverside $158 120,402 SF
River Forest $172 10,722 SF
Oak Park $170 26,891 SF

Regional Demographic Comparison

This comparison places Forest Park 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 Forest Park or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Forest Park 14,673 7,623 43 $73,606 2 4,054 -2%
Maywood 23,380 7,452 37 $58,991 3 3,034 -2%
North Riverside 7,215 2,748 43 $58,036 3 851 -3%
River Forest 11,692 3,936 41 $143,225 3 550 -2%
Oak Park 54,098 23,547 41 $98,032 2 10,276 -2%

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

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

Forest Park 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 Forest Park?

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

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

How does Forest Park compare to nearby commercial real estate markets?

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

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