Commercial Real Estate Market in Erie, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 134 off-market properties in Erie, IL.
Market Trends
Erie, IL spans 87.2 square miles in Whiteside County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Erie, 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 Erie, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Erie, 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 Erie, 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
- Residential 88.6%
- Industrial 5.7%
- Commercial 3.6%
- Open space 2.1%
Largest Zones share of zoned land by district
Residential
Industrial
Outlying Business District
Parks And Recreation
Central Business District
Erie, IL zones 913 acres across 5 districts. Commercial zoning covers 3.6% of zoned land, residential 88.6%, open space 2.1% and industrial 5.7%. The largest single district is Residential at 88.6%. For commercial buyers the practical constraint is that only 9.3% of land carries a commercial or industrial designation.
Residential (R)
Residence District an area of structures intended to provide single family dwelling.
Market overview
Demographics & Economy
Erie, IL has 2,587 residents in 1,274 households. Density runs 30 people per square mile. Median household income here is $87,308 and median gross rent $850 a month.
2,587
Population
1,274
Households
2
Avg Household Size
43
Median Age
25%
College-Educated
96%
High-School Grad
87.2 sq mi
ZIP Area
30
Density / Sq Mi
$87,308
Median Household Income
$54,495
Median Earnings
$850
Median Rent
$168,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Portland | — | — |
| Fenton | — | — |
| Hillsdale | — | — |
| Prophetstown | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Erie?
Erie, IL zones 913 acres across 5 districts, of which 3.6% is commercial and 5.7% industrial. The largest single district is Residential at 88.6% of zoned land. Residence District an area of structures intended to provide single family dwelling. Residential zoning covers 88.6% and open space 2.1%.
Where does Realmo's Erie market data come from?
Realmo compiles Erie, IL figures from 4 recent recorded sales, 2 active sale listings, 134 tracked off-market properties, the current Erie zoning release. 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 0 active for-lease listings in Erie, 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: 913 zoned acres across 5 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
