Franklin Park, IL
Commercial Real Estate Market Trends & Data

$145 Avg asking sale price
$16 Avg asking lease rate
25,023 SF Avg unit lease size
114,183 SF Avg building size for sale

Franklin Park's Demographic Profile

Franklin Park has 6,113 households and a median income of $72,112, 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 18,070
# Households 6,113
Median age 41
Median household income $72,112
Avg household size 3.0
Renter-occupied housing units 1,800
5-year population change -3%

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

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Nearby Retail Markets Avg Cost/SF Typical Size
Franklin Park $213 14,573 SF
Northlake $717 8,193 SF
Melrose Park $337 20,087 SF
Stone Park $777 14,844 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Melrose Park $176 5,956 SF 10.95%
River Forest $176 5,956 SF 10.95%
Oak Park $133 16,389 SF 12.74%

Commercial Properties For Sale in Franklin Park

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

11608 Copenhagen Ct

Franklin Park, IL 60131

  • 88,158 SF Industrial Building
  • $7,052,640
For Sale

9800 W Belmont Ave

Franklin Park, IL 60131

  • 2,130 SF Retail Building
  • $628,000
For Sale

2300 17th Ave

Franklin Park, IL 60131

  • 16,000 SF Industrial Building
  • $1,406,200
For Sale

9128 W Belmont Ave

Franklin Park, IL 60131

  • 25,000 SF Industrial Building
  • $2,250,000
For Sale

2301-2305 N Mannheim Rd

Melrose Park, IL 60164

  • 1 AC Lot
  • 1 Commercial Lot
  • $1,100,000
For Sale

1071 Waveland Ave

Franklin Park, IL 60131

  • 7,900 SF Industrial Building
  • $880,000

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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Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Franklin Park $145 114,183 SF
Northlake $264 32,233 SF
Melrose Park $207 27,333 SF
Schiller Park $64 229,052 SF
Stone Park $545 43,442 SF

Regional Demographic Comparison

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

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Franklin Park 18,070 6,113 41 $72,112 3 1,800 -3%
Northlake 13,580 4,314 41 $67,732 3 1,308 -2%
Melrose Park 21,801 7,236 37 $59,884 3 3,785 -6%
Schiller Park 11,600 4,408 41 $61,831 3 2,024 -2%
Stone Park 3,979 1,111 35 $68,038 4 566 -7%

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

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

Franklin 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 Franklin Park?

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

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

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

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

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

Nearby Market Trends