Commercial Real Estate Market in Colchester, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 82 off-market properties in Colchester, IL.
Market Trends
Colchester, IL spans 77.3 square miles in McDonough County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Colchester, 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 Colchester, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Colchester, 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 Colchester, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Colchester, IL has 2,255 residents in 1,072 households. Density runs 29 people per square mile. Median household income here is $65,048 and median gross rent $654 a month.
2,255
Population
1,072
Households
2.1
Avg Household Size
46
Median Age
30%
College-Educated
95%
High-School Grad
77.3 sq mi
ZIP Area
29
Density / Sq Mi
$65,048
Median Household Income
$40,532
Median Earnings
$654
Median Rent
$116,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tennessee | — | — |
| Fandon | — | — |
| Macomb | — | — |
| Colmar | — | — |
Commercial property in Colchester, IL asks $366/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Colchester?
Commercial property in Colchester, IL asks an average of $366 per square foot.
Where does Realmo's Colchester market data come from?
Realmo compiles Colchester, IL figures from 3 recent recorded sales, 2 active sale listings, 1 active lease listings, 82 tracked off-market properties. 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 1 active for-lease listings in Colchester, 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
