Northbrook, IL
Commercial Real Estate Market Trends & Data

$270 Avg asking sale price
$181 Avg asking lease rate
22,871 SF Avg unit lease size
146,383 SF Avg building size for sale
7.72% Average cap rate

Northbrook's Demographic Profile

Northbrook has 13,567 households and a median income of $143,124, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 35,645
# Households 13,567
Median age 49
Median household income $143,124
Avg household size 3.0
Renter-occupied housing units 2,133
5-year population change -1%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Northbrook $196 221,947 SF 7.54%
Glenview $298 14,759 SF 7.00%
Northfield $178 14,303 SF 7.00%
Prospect Heights $151 41,545 SF 12.10%
Wheeling $147 22,978 SF 12.10%
Nearby Retail Markets Avg Cost/SF Typical Size
Northbrook $339 58,310 SF
Glenview $307 62,890 SF
Northfield $178 14,303 SF
Prospect Heights $553 41,718 SF
Wheeling $359 31,900 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Glenview $438 4,664 SF 5.27%
Morton Grove $230 4,029 SF 5.27%
Niles $230 4,029 SF 5.27%

Commercial Properties For Sale in Northbrook

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

1048 S Milwaukee Ave

Wheeling, IL 60090

  • 3,686 SF Retail Building
  • 6.25% Cap Rate
  • $2,906,000
For Sale

281 Waukegan Rd

Northfield, IL 60093

  • 17,000 SF Retail Building
  • $3,499,999
For Sale

155 Revere Dr

Northbrook, IL 60062

  • 17,183 SF Office Building
  • 7.54% Cap Rate
  • $2,150,000
For Sale

Walgreens

Glenview, IL 60026

  • 15,167 SF Retail Building
  • 7.00% Cap Rate
  • $7,061,000
For Sale

Suite 900

Northbrook, IL 60062

  • 5,295 SF Office Building
  • $650,000
For Sale

212-224 S Milwaukee Ave Office Portfolio

Wheeling, IL

  • Office Building
  • $2,650,000

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

Commercial Markets Avg Cost/SF Average Size
Northbrook $270 146,383 SF
Glenview $253 62,338 SF
Northfield $178 14,303 SF
Prospect Heights $291 42,609 SF

Regional Demographic Comparison

This comparison places Northbrook 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 Northbrook or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Northbrook 35,645 13,567 49 $143,124 3 2,133 -1%
Glenview 48,408 17,577 47 $125,767 3 3,623 -2%
Glencoe 8,737 2,913 45 $208,042 3 233 -3%
Prospect Heights 15,436 6,180 42 $75,681 2 2,265 -3%

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

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

Northbrook 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 Northbrook?

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

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

How does Northbrook compare to nearby commercial real estate markets?

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

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