Westchester, IL
Commercial Real Estate Market Trends & Data

$130 Avg asking sale price
$246 Avg asking lease rate
25,074 SF Avg unit lease size
22,073 SF Avg building size for sale
7.94% Average cap rate

Westchester's Demographic Profile

Westchester has 6,549 households and a median income of $92,435, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 16,037
# Households 6,549
Median age 49
Median household income $92,435
Avg household size 2.0
Renter-occupied housing units 848
5-year population change -3%

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

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Westchester $76 28,732 SF 9.90%
Broadview $100 21,167 SF 9.90%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Westchester $110 23,935 SF 7.00%
Hillside $115 104,986 SF 7.00%
Bellwood $106 31,488 SF 7.49%
Nearby Retail Markets Avg Cost/SF Typical Size
Westchester $156 6,018 SF
Hillside $121 6,301 SF
La Grange Park $376 2,990 SF
Broadview $161 132,850 SF
Bellwood $95 20,423 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Westchester $99 4,100 SF 7.59%
Bellwood $141 4,100 SF 7.59%
Melrose Park $176 5,956 SF 10.95%
River Forest $176 5,956 SF 10.95%

Commercial Properties For Sale in Westchester

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

9930 Derby Ln

Westchester, IL 60154

  • 12,000 SF Office Building
  • 9.90% Cap Rate
  • $675,000
For Sale

4700 Roosevelt Rd

Hillside, IL

  • $645,000
For Sale

4718 Roosevelt Rd

Hillside, IL 60162

  • 0.28 AC Lot
  • 1 Commercial Lot
  • $295,000
For Sale

4158 Division St

Hillside, IL 60162

  • 17,834 SF Industrial Building
  • 7.00% Cap Rate
  • $2,293,000
For Sale

837 Mannheim Rd

Bellwood, IL 60104

  • 1,730 SF Industrial Building
  • $175,000
For Sale

4700 Roosevelt Rd

Hillside, IL 60162

  • 2,487 SF Retail Building
  • $350,000

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

Commercial Markets Avg Cost/SF Average Size
Westchester $130 22,073 SF
Hillside $135 40,899 SF
La Grange Park $376 2,990 SF
Broadview $119 74,182 SF
Bellwood $104 29,216 SF

Regional Demographic Comparison

This comparison places Westchester 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 Westchester or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Westchester 16,037 6,549 49 $92,435 2 848 -3%
Hillside 8,319 2,912 42 $67,349 3 916 -3%
La Grange Park 14,591 5,333 44 $105,788 3 1,451 -1%
Broadview 7,910 3,150 45 $58,105 2 1,277 -3%
Bellwood 18,533 6,178 41 $66,730 3 1,865 -3%

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

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

Westchester 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 Westchester?

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

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

How does Westchester compare to nearby commercial real estate markets?

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

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