Melrose Park, IL
Commercial Real Estate Market Trends & Data

$170 Avg asking sale price
$20 Avg asking lease rate
14,620 SF Avg unit lease size
27,374 SF Avg building size for sale
8.04% Average cap rate

Melrose Park's Demographic Profile

Melrose Park has 7,236 households and a median income of $59,884, providing context for rent absorption and tenant demand across retail and multifamily assets. A -6% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 21,801
# Households 7,236
Median age 37
Median household income $59,884
Avg household size 3.0
Renter-occupied housing units 3,785
5-year population change -6%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Melrose Park $147 24,052 SF
Franklin Park $118 15,291 SF
River Grove $218 8,668 SF
Bellwood $80 5,910 SF
Berkeley $59 13,500 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Melrose Park $176 5,956 SF 10.95%
Bellwood $141 4,100 SF 7.59%
River Forest $176 5,956 SF 10.95%
Westchester $99 4,100 SF 7.59%

Commercial Properties For Sale in Melrose Park

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

Washington Square Retail Portfolio

Bellwood, IL

  • Retail Building
  • 8.00% Cap Rate
  • $4,623,000
For Sale

1401-1403 N 25th Ave

Melrose Park, IL 60160

  • 20,000 SF Industrial Building
  • 7.50% Cap Rate
  • $2,525,000
For Sale

New Town Plaza

Stone Park, IL 60165

  • 17,110 SF Retail Building
  • 7.46% Cap Rate
  • $3,920,000
For Sale

4212 Saint Charles Rd

Bellwood, IL 60104

  • 13,500 SF Office Building
  • $850,000
For Sale

2300 17th Ave

Franklin Park, IL 60131

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

80 W Lake St

Northlake, IL 60164

  • 9,026 SF Flex Building
  • $699,900

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

Commercial Markets Avg Cost/SF Average Size
Melrose Park $170 27,374 SF
Stone Park $314 52,975 SF
Northlake $197 33,813 SF
Franklin Park $118 105,909 SF
River Grove $224 14,648 SF

Regional Demographic Comparison

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

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Melrose Park 21,801 7,236 37 $59,884 3 3,785 -6%
Stone Park 3,979 1,111 35 $68,038 4 566 -7%
Northlake 13,580 4,314 41 $67,732 3 1,308 -2%
Franklin Park 18,070 6,113 41 $72,112 3 1,800 -3%
River Grove 10,707 4,271 42 $66,208 3 1,804 -2%

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

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

Melrose 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 Melrose Park?

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

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

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

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

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