Commercial Real Estate Market in Effingham, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 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 August 2026.
Office
Office vacancy in Effingham, 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 Effingham, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Effingham, 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 55.1%
- Residential 33.8%
- Commercial 11.2%
Largest Zones share of zoned land by district
Light Industrial
Single Family Residence
Highway Commercial
Single Family Residence
General Commercial
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.
Light Industrial (M-1)
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.
19,408
Population
8,688
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
94%
High-School Grad
103.9 sq mi
ZIP Area
187
Density / Sq Mi
$76,098
Median Household Income
$43,051
Median Earnings
$722
Median Rent
$195,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lillyville | — | — |
| Douglas | — | — |
| Boggsville | — | — |
| Teutopolis | — | — |
Commercial property in Effingham, IL asks $54/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Effingham?
Commercial property in Effingham, IL asks an average of $54 per square foot. The 5 most recent recorded sales traded at a median of $76/SF.
What zoning applies to commercial property in Effingham?
Effingham, IL zones 4,791 acres across 15 districts, of which 11.2% is commercial and 55.1% industrial. The largest single district is Light Industrial at 31% of zoned land. 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… Residential zoning covers 33.8% and open space 0%.
Where does Realmo's Effingham market data come from?
Realmo compiles Effingham, IL figures from 7 recent recorded sales, 23 active sale listings, 3 active lease listings, 913 tracked off-market properties, the current Effingham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 23 active for-sale and 3 active for-lease listings in Effingham, 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: 4,791 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 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
