Commercial Real Estate Market in Champaign, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
142 active listings and 2,315 off-market properties in Champaign, IL. Commercial property asks $200/SF to buy (based on 6 listings) and $18.00/SF/Yr to lease.
Market Trends
Champaign, IL spans 120.8 square miles in Champaign County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Champaign, IL has a median asking sale price of $175/SF (based on 3 listings). Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Champaign, IL has a median asking sale price of $200/SF (based on 4 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Champaign, 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%.
Multifamily
Multifamily vacancy in Champaign, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.6%
- Commercial 13.7%
- Industrial 13.1%
- Civic 10.1%
- Mixed use 6.5%
Largest Zones share of zoned land by district
Champaign, IL zones 11,745 acres across 22 districts. Commercial zoning covers 13.7% of zoned land, residential 56.6% and industrial 13.1%. The largest single district is Single Family at 41.4%. For commercial buyers the practical constraint is that only 26.8% of land carries a commercial or industrial designation.
The primary purpose for the SF1 District is to provide for detached single-family dwellings with related uses for recreational, religious, or cultural activities.
Market overview
Demographics & Economy
Champaign, IL has 94,970 residents in 44,346 households. Density runs 786 people per square mile. Median household income here is $60,175 and median gross rent $1,103 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Champaign?
How much does it cost to lease commercial space in Champaign?
What zoning applies to commercial property in Champaign?
Where does Realmo's Champaign market data come from?
Methodology & data sources
- Asking prices and medians
- There are 51 active for-sale and 91 active for-lease listings in Champaign, IL. The medians are based on 6 of the for-sale and 22 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 11,745 zoned acres across 22 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
