For Sale
Lansing, IL
Commercial Real Estate Market Trends & Data
$199 per SF
Avg asking sale price
$19 per SF
Avg asking lease rate
7,717 SF
Avg unit lease size
36,814 SF
Avg building size for sale
8.76%
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]}}
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Lansing | $116 | 14,628 SF | 9.25% |
| Munster | $139 | 11,969 SF | 9.25% |
| Chicago Heights | $68 | 6,467 SF | 10.00% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Lansing | $352 | 20,670 SF |
| Lynwood | $161 | 6,732 SF |
| Munster | $341 | 10,919 SF |
| Thornton | $237 | 18,280 SF |
| Glenwood | $159 | 23,024 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Lansing | $115 | 6,041 SF | 7.97% |
| Munster | $113 | 6,082 SF | 7.97% |
| South Holland | $88 | 6,500 SF | 7.84% |
| Calumet City | $89 | 13,526 SF | 9.28% |
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
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
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 | $199 | 36,814 SF |
| Lynwood | $103 | 9,883 SF |
| Munster | $177 | 33,543 SF |
| Thornton | $219 | 19,715 SF |
| Glenwood | $225 | 16,531 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 Market Trends
- Hammond Market Trends
- Merrillville Market Trends
- Tinley Park Market Trends
- Calumet City Market Trends
- South Holland Market Trends
- Gary Market Trends
- Matteson Market Trends
- Chicago Heights Market Trends
- Oak Lawn Market Trends
- Harvey Market Trends
- Schererville Market Trends
- University Park Market Trends
- Munster Market Trends
- Park Forest Market Trends
- Homewood Market Trends
- Crete Market Trends
- Alsip Market Trends
- Lake Station Market Trends
- Blue Island Market Trends
- Ford Heights Market Trends
- View more
- View less
