Commercial Real Estate Market in Cerro Gordo, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 45 off-market properties in Cerro Gordo, IL.
Market Trends
Cerro Gordo, IL spans 39.0 square miles in Piatt County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cerro Gordo, 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 Cerro Gordo, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Cerro Gordo, 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 Cerro Gordo, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Cerro Gordo, IL has 1,553 residents in 655 households. Density runs 40 people per square mile. Median household income here is $75,536 and median gross rent $875 a month.
1,553
Population
655
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
97%
High-School Grad
39 sq mi
ZIP Area
40
Density / Sq Mi
$75,536
Median Household Income
$45,855
Median Earnings
$875
Median Rent
$113,400
Median Home Value
Tools
Nearby Markets
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Cerro Gordo, 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.
- 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
