River Forest, IL
Commercial Real Estate Market Trends & Data

$172 Avg asking sale price
$443 Avg asking lease rate
3,801 SF Avg unit lease size
10,722 SF Avg building size for sale
8.44% Average cap rate

River Forest's Demographic Profile

River Forest has 3,936 households and a median income of $143,225, 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 11,692
# Households 3,936
Median age 41
Median household income $143,225
Avg household size 3.0
Renter-occupied housing units 550
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near River Forest, IL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
River Forest $111 12,577 SF 7.37%
Oak Park $154 15,784 SF 9.04%
Forest Park $205 17,127 SF 7.37%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Oak Park $103 34,328 SF 9.48%
Maywood $134 22,963 SF 7.49%
Forest Park $132 68,587 SF 7.68%
Nearby Retail Markets Avg Cost/SF Typical Size
River Forest $227 9,867 SF
Oak Park $237 22,180 SF
Maywood $153 15,787 SF
Forest Park $424 9,278 SF
Elmwood Park $217 7,658 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
River Forest $176 5,956 SF 10.95%
Oak Park $133 17,868 SF 12.74%
Melrose Park $176 5,956 SF 10.95%
Westchester $140 4,100 SF 7.59%

Commercial Properties For Sale in River Forest

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

7045 W North Ave

Oak Park, IL 60302

  • 5,000 SF Retail Building
  • $725,000
For Sale

7000 W North Ave

Chicago, IL 60707

  • 15,662 SF Office Building
  • $1,350,000
For Sale

7321 Madison St

Forest Park, IL 60130

  • 21,000 SF Retail Building
  • $2,999,000
For Sale

Little Newtons & Foss Swim School

Elmwood Park, IL 60707

  • 20,291 SF Retail Building
  • 7.00% Cap Rate
  • $7,377,000
For Sale

113-115 N Marion St

Oak Park, IL 60301

  • 9,737 SF Retail Building
  • 7.37% Cap Rate
  • $1,995,000
For Sale

Cameo Towers-Bldg 1

Elmwood Park, IL 60707

  • 437,475 SF Office Building
  • $75,000

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

Commercial Markets Avg Cost/SF Average Size
River Forest $172 10,722 SF
Oak Park $170 26,891 SF
Maywood $150 15,777 SF
Forest Park $278 27,532 SF
Elmwood Park $146 11,316 SF

Regional Demographic Comparison

This comparison places River Forest 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 River Forest or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
River Forest 11,692 3,936 41 $143,225 3 550 -2%
Oak Park 54,098 23,547 41 $98,032 2 10,276 -2%
Maywood 23,380 7,452 37 $58,991 3 3,034 -2%
Forest Park 14,673 7,623 43 $73,606 2 4,054 -2%
Elmwood Park 23,248 8,924 43 $73,159 3 3,056 -4%

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

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

River Forest 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 River Forest?

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

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

How does River Forest compare to nearby commercial real estate markets?

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

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