Commercial Real Estate Market in Elliott, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Elliott, IL spans 2.5 square miles in Ford County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elliott, 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 Elliott, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Elliott, 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 Elliott, 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
- Agricultural 60.9%
- Residential 32.8%
- Industrial 4.7%
- Commercial 1.6%
Largest Zones share of zoned land by district
Agricultural
Two Family Residential
Industrial
General Business
Highway Business
Market overview
Demographics & Economy
Elliott, IL has 282 residents in 124 households. Density runs 112 people per square mile. Median household income here is $48,750 and median gross rent $1,045 a month.
282
Population
124
Households
2.3
Avg Household Size
43
Median Age
14%
College-Educated
87%
High-School Grad
2.5 sq mi
ZIP Area
112
Density / Sq Mi
$48,750
Median Household Income
$24,620
Median Earnings
$1,045
Median Rent
$81,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gibson City | — | — |
| Garber | — | — |
| Melvin | — | — |
| Paxton | — | — |
Methodology & data sources
- 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: 319 zoned acres across 6 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
