Commercial Real Estate Market in Chatham, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
49 active listings and 228 off-market properties in Chatham, IL. Commercial property asks $12/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Chatham, IL spans 34.9 square miles in Sangamon County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chatham, 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 Chatham, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chatham, 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 Chatham, 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 59.7%
- Commercial 6.1%
- Industrial 1.4%
Largest Zones share of zoned land by district
Residential Single Family Low Density
Pre Urbanized District
Residential Single Family Low Density
General Business District
Residential Single And Two Family Low Density
Residential Single Family Low Density (R-1)
R-1 Residential, Single Family, Low Density. This district is intended to provide a suitable open character for single-family detached dwellings at the lowest densities, and community facilities and public open spaces which serve the residents of these districts or are benefitted by an open residential environment. (2) R1A Residential, Single Family, Low Den…
Market overview
Demographics & Economy
Chatham, IL has 15,255 residents in 6,160 households. Density runs 437 people per square mile. Median household income here is $106,373 and median gross rent $1,159 a month.
15,255
Population
6,160
Households
2.5
Avg Household Size
37
Median Age
50%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
437
Density / Sq Mi
$106,373
Median Household Income
$60,951
Median Earnings
$1,159
Median Rent
$232,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glenarm | — | — |
| Toronto | — | — |
| Curran | — | — |
| Auburn | — | — |
Commercial property in Chatham, IL asks $12/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chatham?
Commercial property in Chatham, IL asks an average of $12 per square foot.
How much does it cost to lease commercial space in Chatham?
Asking lease rates in Chatham, IL average $12.00 per square foot per year.
Where does Realmo's Chatham market data come from?
Realmo compiles Chatham, IL figures from 8 recent recorded sales, 45 active sale listings, 4 active lease listings, 228 tracked off-market properties, the current Chatham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 45 active for-sale and 4 active for-lease listings in Chatham, 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: 4,325 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
