Commercial Real Estate Market in Effingham, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 active listings and 913 off-market properties in Effingham, IL.
Market Trends
Effingham, IL spans 103.9 square miles in Effingham County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Effingham, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Effingham, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Effingham, 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 Effingham, 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
- Industrial 55.1%
- Residential 33.8%
- Commercial 11.2%
Largest Zones share of zoned land by district
Effingham, IL zones 4,791 acres across 15 districts. Commercial zoning covers 11.2% of zoned land, residential 33.8% and industrial 55.1%. The largest single district is Light Industrial at 31%. For commercial buyers the practical constraint is that only 66.3% of land carries a commercial or industrial designation.
ARTICLE 19. - M-1 LIGHT INDUSTRIAL DISTRICT 19-1. The regulations set forth in this article or set forth elsewhere in this ordinance when referred to in this article are the regulations in the M-1 Light Industrial District. 19-2. Purpose. The purpose of this district is to provide sufficient space in appropriate locations for certain types of business and ma…
Market overview
Demographics & Economy
Effingham, IL has 19,408 residents in 8,688 households. Density runs 187 people per square mile. Median household income here is $76,098 and median gross rent $722 a month.
Tools
Frequently Asked Questions
How much does it cost to lease commercial space in Effingham?
What zoning applies to commercial property in Effingham?
Where does Realmo's Effingham market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 7 active for-lease listings in Effingham, IL. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 3 of the for-lease listings that state a 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: 4,791 zoned acres across 15 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
