Lansing, IL
Commercial Real Estate Market Trends & Data

$237 Avg asking sale price
$19 Avg asking lease rate
8,708 SF Avg unit lease size
31,925 SF Avg building size for sale
8.91% Average cap rate

Lansing's Demographic Profile

Lansing has 11,019 households and a median income of $64,829, 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 28,893
# Households 11,019
Median age 41
Median household income $64,829
Avg household size 3.0
Renter-occupied housing units 3,641
5-year population change -2%

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

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Lansing $135 9,908 SF 9.25%
Munster $143 7,802 SF 9.25%
Nearby Retail Markets Avg Cost/SF Typical Size
Lansing $324 18,250 SF
Lynwood $159 5,965 SF
Munster $311 54,669 SF
Thornton $401 17,766 SF
Glenwood $213 25,615 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Lansing $274 7,537 SF 8.26%
Munster $378 6,082 SF 8.26%
South Holland $88 6,500 SF 7.84%
Calumet City $168 11,835 SF 11.09%

Commercial Properties For Sale in Lansing

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

Munster Distribution Center

Munster, IN 46321

  • 451,240 SF Industrial Building
  • Price Upon Request
For Sale

2121 176th Pl

Lansing, IL 60438

  • 6,000 SF Multifamily
  • 7.84% Cap Rate
  • $695,000
For Sale

Sleep Inn near I-80 and I-94

Lansing, IL 60438

  • 33,116 SF Hospitality
  • $3,399,900
For Sale

Comfort Suites near I-80 and I-94

Lansing, IL 60438

  • 31,287 SF Hospitality
  • $3,399,900
For Sale

18416 & 18422 Torrence Ave

Lansing, IL

  • 7.93% Cap Rate
  • $1,280,000
For Sale

17001 Glen Oak ave

Lansing, IL 60438

  • 0.06 - 0.10 AC Lots
  • 3 Commercial Lots
  • $250,000

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

Multifamily vs. Single-Family Investing ROI
Multifamily vs. Single-Family Investing ROI
Multifamily vs single-family investing compared across cash flow, vacancy risk, financing, management complexity, and ROI to help investors evaluate returns and downside risk by property type.
CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
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 Lansing pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Lansing $237 31,925 SF
Lynwood $159 6,178 SF
Munster $226 47,692 SF
Thornton $286 18,985 SF
Glenwood $223 19,729 SF

Regional Demographic Comparison

This comparison places Lansing 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 Lansing or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Lansing 28,893 11,019 41 $64,829 3 3,641 -2%
Lynwood 9,317 3,549 42 $71,469 3 1,084 -1%
Munster 22,424 8,615 45 $102,061 3 1,135 -1%
Thornton 2,202 934 45 $58,623 2 220 -4%
Glenwood 8,607 3,180 42 $67,522 3 847 -2%

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

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

Lansing 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 Lansing?

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

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

How does Lansing compare to nearby commercial real estate markets?

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

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lansing, 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 Cities
Commercial Market Reports