Commercial Real Estate Market in Geneseo, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 406 off-market properties in Geneseo, IL.
Market Trends
Geneseo, IL spans 166.5 square miles in Henry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Geneseo, 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 Geneseo, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Geneseo, 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 Geneseo, 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 51.3%
- Commercial 43.7%
- Industrial 5.1%
Largest Zones share of zoned land by district
Residential District Single Family
Agricultural District
Residential District Single Family And Duplex
Business District Highway
Business District Special
Geneseo, IL zones 2,550 acres across 10 districts. Commercial zoning covers 43.7% of zoned land, residential 51.3% and industrial 5.1%. The largest single district is Residential District Single Family at 27.5%. For commercial buyers the practical constraint is that only 48.7% of land carries a commercial or industrial designation.
Residential District Single Family (R-1)
The principal use of land is for single-family dwellings. These residential areas are intended to be defined and protected from encroachment of uses which are not appropriate to a residential environment
Market overview
Demographics & Economy
Geneseo, IL has 11,587 residents in 5,233 households. Density runs 70 people per square mile. Median household income here is $81,141 and median gross rent $951 a month.
11,587
Population
5,233
Households
2.2
Avg Household Size
46
Median Age
37%
College-Educated
96%
High-School Grad
166.5 sq mi
ZIP Area
70
Density / Sq Mi
$81,141
Median Household Income
$53,634
Median Earnings
$951
Median Rent
$217,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Atkinson | — | — |
| Cleveland | — | — |
| Osco | — | — |
| Cambridge | — | — |
Commercial property in Geneseo, IL asks $179/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Geneseo?
Commercial property in Geneseo, IL asks an average of $179 per square foot.
What zoning applies to commercial property in Geneseo?
Geneseo, IL zones 2,550 acres across 10 districts, of which 43.7% is commercial and 5.1% industrial. The largest single district is Residential District Single Family at 27.5% of zoned land. The principal use of land is for single-family dwellings. These residential areas are intended to be defined and protected from encroachment of uses which are not appropriate to a residential environment Residential zoning covers 51.3% and open space 0%.
Where does Realmo's Geneseo market data come from?
Realmo compiles Geneseo, IL figures from 6 recent recorded sales, 7 active sale listings, 406 tracked off-market properties, the current Geneseo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Geneseo, 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: 2,550 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
