Commercial Real Estate Market in Dwight, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
22 active listings and 197 off-market properties in Dwight, IL. Commercial property asks $280/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Dwight, IL spans 96.7 square miles in Livingston County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Dwight, 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 Dwight, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Dwight, 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 Dwight, 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
- Industrial 45.2%
- Residential 31.6%
- Commercial 18.4%
- Special 4.8%
Largest Zones share of zoned land by district
Industrial District
Single Family Residence District 6000 Square Feet Minimum
Service Business District
Single Family Residence District 10000 Square Feet Minimum
Flood Plain
Dwight, IL zones 2,390 acres across 10 districts. Commercial zoning covers 18.4% of zoned land, residential 31.6% and industrial 45.2%. The largest single district is Industrial District at 43.5%. For commercial buyers the practical constraint is that only 63.6% of land carries a commercial or industrial designation.
Industrial District (I-1)
I-1 Industrial District. [Amended 10-28-2025 by Ord. No. 1556 ] A. Purpose. The I-1 Industrial District is established to provide areas in which a wide variety of industrial concerns may be located, to provide performance standards that will adequately protect the community and to provide regulations to assure adequate open space between uses. B. Permitted u…
Market overview
Demographics & Economy
Dwight, IL has 4,701 residents in 2,002 households. Density runs 49 people per square mile. Median household income here is $68,184 and median gross rent $984 a month.
4,701
Population
2,002
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
93%
High-School Grad
96.7 sq mi
ZIP Area
49
Density / Sq Mi
$68,184
Median Household Income
$38,973
Median Earnings
$984
Median Rent
$161,800
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Dwight?
Commercial property in Dwight, IL asks an average of $280 per square foot.
How much does it cost to lease commercial space in Dwight?
Asking lease rates in Dwight, IL average $10.00 per square foot per year.
What zoning applies to commercial property in Dwight?
Dwight, IL zones 2,390 acres across 10 districts, of which 18.4% is commercial and 45.2% industrial. The largest single district is Industrial District at 43.5% of zoned land. I-1 Industrial District. [Amended 10-28-2025 by Ord. No. 1556 ] A. Purpose. The I-1 Industrial District is established to provide areas in which a wide variety of industrial concerns may be located, to provide performance standards that will adequately protect the community and to provide regulations to assure adequate open space between uses. B. Permitted u… Residential zoning covers 31.6% and open space 0%.
Where does Realmo's Dwight market data come from?
Realmo compiles Dwight, IL figures from 7 recent recorded sales, 19 active sale listings, 3 active lease listings, 197 tracked off-market properties, the current Dwight zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 3 active for-lease listings in Dwight, 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: 2,390 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 30 September 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 30 September 2026 · report a data issue
