For Sale
New Lenox, IL
Commercial Real Estate Market Trends & Data
$934 per SF
Avg asking sale price
$40 per SF
Avg asking lease rate
94,154 SF
Avg unit lease size
55,951 SF
Avg building size for sale
6.38%
Average cap rate
New Lenox's Demographic Profile
New Lenox has 9,433 households and a median income of $116,587, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 27,282 |
| # Households | 9,433 |
| Median age | 41 |
| Median household income | $116,587 |
| Avg household size | 3.0 |
| Renter-occupied housing units | 948 |
| 5-year population change | 0% |
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| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Mokena | $185 | 23,595 SF | 10.00% |
| Frankfort | $225 | 9,395 SF | 8.23% |
| Lockport | $229 | 17,122 SF | 6.56% |
| Crest Hill | $242 | 16,640 SF | 7.50% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| New Lenox | $535 | 103,817 SF | 6.75% |
| Mokena | $142 | 37,996 SF | 7.01% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| New Lenox | $2,917 | 510 SF |
| Mokena | $1,200 | 17,010 SF |
| Homer Glen | $240 | 13,562 SF |
| Frankfort | $1,618 | 2,534 SF |
| Lockport | $195 | 6,560 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Lockport | $229 | 7,000 SF | 6.56% |
| Romeoville | $229 | 7,000 SF | 6.56% |
Commercial Properties For Sale in New Lenox
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Size 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 New Lenox pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| New Lenox | $934 | 55,951 SF |
| Mokena | $523 | 22,269 SF |
| Homer Glen | $282 | 25,786 SF |
| Frankfort | $747 | 13,303 SF |
Regional Demographic Comparison
This comparison places New Lenox 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 New Lenox or distributed across surrounding areas.
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in New Lenox, 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 New Lenox
View All Commercial Real Estate For Sale in New Lenox
Is New Lenox a good market for a first-time commercial real estate investor?
New Lenox 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 New Lenox?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in New Lenox. 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 New Lenox?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for New Lenox. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does New Lenox compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to New Lenox. 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 New Lenox acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in New Lenox, 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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