Harvey, IL
Commercial Real Estate Market Trends & Data

$220 Avg asking sale price
$2,860 Avg asking lease rate
21,902 SF Avg unit lease size
16,623 SF Avg building size for sale
7.07% Average cap rate

Harvey's Demographic Profile

Harvey has 8,890 households and a median income of $34,832, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 25,357
# Households 8,890
Median age 38
Median household income $34,832
Avg household size 3.0
Renter-occupied housing units 4,375
5-year population change +4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Harvey, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Harvey $148 22,667 SF 8.00%
South Holland $235 8,864 SF 8.00%
Nearby Retail Markets Avg Cost/SF Typical Size
Harvey $380 7,471 SF
Phoenix $41 4,906 SF
Markham $176 6,721 SF
East Hazel Crest $96 18,310 SF
Dolton $271 3,508 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Harvey $100 14,810 SF 8.51%
South Holland $88 6,500 SF 7.84%
Blue Island $93 94,958 SF 8.23%
Midlothian $213 4,575 SF 7.71%
Calumet City $168 11,835 SF 11.09%

Commercial Properties For Sale in Harvey

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

130 W Armory Dr

South Holland, IL 60473

  • 9,600 SF Flex Building
  • $650,000
For Sale

RAISING CANE'S w/ DUAL DR-THRU | NNN GROUND

Homewood, IL 60430

  • 3,478 SF Retail Building
  • 4.70% Cap Rate
  • $3,300,000
For Sale

184 W 147th St

Harvey, IL 60426

  • 14,810 SF Multifamily
  • 8.51% Cap Rate
  • $1,100,000
For Sale

DaVita Dialysis & Happy Daze

Harvey, IL 60426

  • 8,864 SF Retail Building
  • 8.00% Cap Rate
  • $2,100,000
For Sale

Comfort Inn Harvey/Homewood (Chicago Suburbs)

Harvey, IL 60426

  • 25,487 SF Hospitality
  • $5,300,000
For Sale

715 W 172nd St

South Holland, IL 60473

  • 14,310 SF Industrial Building
  • $3,900,000

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

Commercial Markets Avg Cost/SF Average Size
Harvey $220 16,623 SF
Phoenix $41 4,906 SF
Dixmoor $92 14,905 SF
Markham $164 14,748 SF
Posen $83 15,000 SF

Regional Demographic Comparison

This comparison places Harvey 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 Harvey or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Harvey 25,357 8,890 38 $34,832 3 4,375 4%
Phoenix 1,774 684 43 $38,714 3 276 -2%
Dixmoor 3,842 1,348 37 $45,027 3 626 2%
Posen 5,467 1,692 36 $59,703 3 452 -2%

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

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

Harvey 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 Harvey?

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

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

How does Harvey compare to nearby commercial real estate markets?

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

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