Commercial Real Estate Market in Forsyth, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 150 off-market properties in Forsyth, IL.
Market Trends
Forsyth, IL spans 3.6 square miles in Macon County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Forsyth, 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 Forsyth, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Forsyth, 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 Forsyth, 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 80.6%
- Commercial 17.1%
- Civic 1.8%
- Industrial 0.4%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
Original Town
Business
Office Or Research
Forsyth, IL zones 1,896 acres across 10 districts. Commercial zoning covers 17.1% of zoned land, residential 80.6% and industrial 0.4%. The largest single district is Single Family Residential at 74.4%. For commercial buyers the practical constraint is that only 17.6% of land carries a commercial or industrial designation.
Original Town (OT)
OT: Original Town District, where they may be placed at the property line. (Am. Ord. 945, passed 6-1-2015) Detached garages and carports accessory to single- family dwellings shall not exceed thirty percent (30%) of the rear yard area. All other detached accessory uses except in-ground swimming pools shall not exceed ten percent (10%) of the rear yard area.…
Market overview
Demographics & Economy
Forsyth, IL has 3,745 residents in 1,346 households. Density runs 1,029 people per square mile. Median household income here is $113,456 and median gross rent $1,207 a month.
3,745
Population
1,346
Households
2.8
Avg Household Size
44
Median Age
59%
College-Educated
97%
High-School Grad
3.6 sq mi
ZIP Area
1,029
Density / Sq Mi
$113,456
Median Household Income
$69,632
Median Earnings
$1,207
Median Rent
$289,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bearsdale | — | — |
| Warrensburg | — | — |
| Decatur | — | $11.84 |
| Oreana | — | — |
Commercial property in Forsyth, IL asks $45/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Forsyth?
Commercial property in Forsyth, IL asks an average of $45 per square foot.
What zoning applies to commercial property in Forsyth?
Forsyth, IL zones 1,896 acres across 10 districts, of which 17.1% is commercial and 0.4% industrial. The largest single district is Single Family Residential at 74.4% of zoned land. Residential zoning covers 80.6% and open space 0%.
Where does Realmo's Forsyth market data come from?
Realmo compiles Forsyth, IL figures from 7 recent recorded sales, 11 active sale listings, 7 active lease listings, 150 tracked off-market properties, the current Forsyth zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 7 active for-lease listings in Forsyth, 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: 1,896 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
