University Park, IL
Commercial Real Estate Market Trends & Data

$375 Avg asking sale price
$17 Avg asking lease rate
89,316 SF Avg unit lease size
173,875 SF Avg building size for sale
6.50% Average cap rate

University Park's Demographic Profile

University Park has 2,665 households and a median income of $66,228, 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 7,490
# Households 2,665
Median age 35
Median household income $66,228
Avg household size 3.0
Renter-occupied housing units 1,252
5-year population change +1%

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

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
University Park $375 23,655 SF
Park Forest $307 38,742 SF
Richton Park $96 3,345 SF
Matteson $252 29,204 SF
Steger $103 7,564 SF

Commercial Properties For Sale in University Park

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

SEC of Stuenkel Rd & Central Ave

University Park, IL 60446

  • 1.50 AC Lot
  • 1 Commercial Lot
  • $725,000
For Sale

22501 Cicero Ave

Richton Park, IL 60471

  • 14.51 AC Lot
  • 1 Commercial Lot
  • $1,250,000
For Sale

Richton Park Corporate Campus

Richton Park, IL 60471

  • 3,690 SF Office Building
  • $90,000
For Sale

Monee Land

Monee, IL 60449

  • 7.50 AC Lot
  • 1 Commercial Lot
  • $500,000
For Sale

541 University Pkwy

University Park, IL 60484

  • 2,115 SF Retail Building
  • $599,900
For Sale

55.64 AC SEC Stunkel & Central, University Pk

University Park, IL 60449

  • 55.64 AC Lot
  • 1 Commercial Lot
  • $5,995,000

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

Commercial Markets Avg Cost/SF Average Size
University Park $375 173,875 SF
Park Forest $170 57,320 SF
Richton Park $114 256,315 SF
Matteson $187 42,565 SF
Steger $88 19,306 SF

Regional Demographic Comparison

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

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
University Park 7,490 2,665 35 $66,228 3 1,252 1%
Park Forest 22,319 8,978 40 $58,505 2 3,312 -1%
Richton Park 12,890 5,032 41 $67,018 3 2,282 -2%
Matteson 18,701 6,812 44 $87,539 3 1,584 -2%

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

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

University 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 University Park?

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

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

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

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

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