Commercial Real Estate Market in Aledo, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 297 off-market properties in Aledo, IL.
Market Trends
Aledo, IL spans 153.5 square miles in Mercer County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Aledo, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Aledo, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Aledo, IL runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Aledo, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 66.3%
- Industrial 23.3%
- Commercial 10.4%
Largest Zones share of zoned land by district
Residential
Residential
Light Industry
Heavy Industry
Business
Aledo, IL zones 1,525 acres across 7 districts. Commercial zoning covers 10.4% of zoned land, residential 66.3% and industrial 23.3%. The largest single district is Residential at 39.9%. For commercial buyers the practical constraint is that only 33.7% of land carries a commercial or industrial designation.
Residential (R-2)
District is intended to provide residential uses such as single, two family and related uses
Market overview
Demographics & Economy
Aledo, IL has 5,291 residents in 2,344 households. Density runs 34 people per square mile. Median household income here is $66,389 and median gross rent $772 a month.
5,291
Population
2,344
Households
2.3
Avg Household Size
46
Median Age
22%
College-Educated
95%
High-School Grad
153.5 sq mi
ZIP Area
34
Density / Sq Mi
$66,389
Median Household Income
$42,116
Median Earnings
$772
Median Rent
$141,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sunbeam | — | — |
| Shale City | — | — |
| Gilchrist | — | — |
| Wanlock | — | — |
Commercial property in Aledo, IL asks $107/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Aledo?
Commercial property in Aledo, IL asks an average of $107 per square foot.
What zoning applies to commercial property in Aledo?
Aledo, IL zones 1,525 acres across 7 districts, of which 10.4% is commercial and 23.3% industrial. The largest single district is Residential at 39.9% of zoned land. District is intended to provide residential uses such as single, two family and related uses Residential zoning covers 66.3% and open space 0%.
Where does Realmo's Aledo market data come from?
Realmo compiles Aledo, IL figures from 2 active sale listings, 297 tracked off-market properties, the current Aledo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Aledo, IL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,525 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
