Commercial Real Estate Market in Essex, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 24 off-market properties in Essex, IL.
Market Trends
Essex, IL spans 18.5 square miles in Kankakee County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Essex, 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 Essex, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Essex, 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 Essex, 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 52.4%
- Residential 31.6%
- Commercial 2.1%
Largest Zones share of zoned land by district
Agricultural District
Single Family Residence District
Idnr Mazonia Lakes Fish And Wildlife Area
Public Golf Course
Village Of Essex Property
Agricultural District (A1)
Agriculture district regulations is designed to regulate the use of land, buildings, and structures, and the uses thereof within the areas of the Village where soil and topographic conditions are best adapted to the pursuit of agriculture and the utilization of other natural land resources
Market overview
Demographics & Economy
Essex, IL has 1,114 residents in 463 households. Density runs 60 people per square mile. Median household income here is $105,391 and median gross rent $1,147 a month.
1,114
Population
463
Households
2.4
Avg Household Size
43
Median Age
21%
College-Educated
96%
High-School Grad
18.5 sq mi
ZIP Area
60
Density / Sq Mi
$105,391
Median Household Income
$51,786
Median Earnings
$1,147
Median Rent
$245,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Union Hill | — | — |
| South Wilmington | — | — |
| East Brooklyn | — | — |
| Reddick | — | — |
Frequently Asked Questions
Where does Realmo's Essex market data come from?
Realmo compiles Essex, IL figures from 3 recent recorded sales, 10 active sale listings, 24 tracked off-market properties, the current Essex zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Essex, 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: 1,601 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 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
