Commercial Real Estate Market in Bourbonnais, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 714 off-market properties in Bourbonnais, IL. Commercial property asks $817/SF to buy and $18.79/SF/Yr to lease.
Market Trends
Bourbonnais, IL spans 48.9 square miles in Kankakee County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bourbonnais, 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 Bourbonnais, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bourbonnais, 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 Bourbonnais, 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 59.5%
- Industrial 22.8%
- Commercial 14.7%
- Civic 3%
Largest Zones share of zoned land by district
One Family Residence
Limited Manufacturing
General Manufacturing
Corridor Commercial Business
Multiple Family Residence
Bourbonnais, IL zones 5,493 acres across 10 districts. Commercial zoning covers 14.7% of zoned land, residential 59.5% and industrial 22.8%. The largest single district is One Family Residence at 45.2%. For commercial buyers the practical constraint is that only 37.5% of land carries a commercial or industrial designation.
One Family Residence (R-1)
The R-1 district encompasses the predominant areas of single-family housing in the village. It is established to accommodate larger lot, detached residential uses
Market overview
Demographics & Economy
Bourbonnais, IL has 28,894 residents in 10,763 households. Density runs 591 people per square mile. Median household income here is $88,688 and median gross rent $1,206 a month.
28,894
Population
10,763
Households
2.7
Avg Household Size
36
Median Age
32%
College-Educated
95%
High-School Grad
48.9 sq mi
ZIP Area
591
Density / Sq Mi
$88,688
Median Household Income
$42,150
Median Earnings
$1,206
Median Rent
$240,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bradley | — | $15.84 |
| Kankakee | — | $15.00 |
| Manteno | — | $18.45 |
| Aroma Park | — | — |
Commercial property in Bourbonnais, IL asks $817/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bourbonnais?
Commercial property in Bourbonnais, IL asks an average of $817 per square foot.
How much does it cost to lease commercial space in Bourbonnais?
Asking lease rates in Bourbonnais, IL average $18.79 per square foot per year.
What zoning applies to commercial property in Bourbonnais?
Bourbonnais, IL zones 5,493 acres across 10 districts, of which 14.7% is commercial and 22.8% industrial. The largest single district is One Family Residence at 45.2% of zoned land. The R-1 district encompasses the predominant areas of single-family housing in the village. It is established to accommodate larger lot, detached residential uses Residential zoning covers 59.5% and open space 0%.
Where does Realmo's Bourbonnais market data come from?
Realmo compiles Bourbonnais, IL figures from 7 recent recorded sales, 26 active sale listings, 14 active lease listings, 714 tracked off-market properties, the current Bourbonnais zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 14 active for-lease listings in Bourbonnais, 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: 5,493 zoned acres across 10 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
