Commercial Real Estate Market in Geneva, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
77 active listings and 765 off-market properties in Geneva, IL. Commercial property asks $31/SF to buy and $27.14/SF/Yr to lease.
Market Trends
Geneva, IL spans 14.6 square miles in Kane County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Geneva, 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 Geneva, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Geneva, 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 Geneva, 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 77.4%
- Industrial 10.8%
- Commercial 6.5%
- Civic 2.9%
- Mixed use 2.4%
Largest Zones share of zoned land by district
Rural Residential
Low Density Single Family
Medium Density Single Family
Light Industrial
Medium To High Density Single Family
Geneva, IL zones 6,406 acres across 27 districts. Commercial zoning covers 6.5% of zoned land, residential 77.4% and industrial 10.8%. The largest single district is Rural Residential at 25.3%. For commercial buyers the practical constraint is that only 17.4% of land carries a commercial or industrial designation.
Rural Residential (RR)
The RR rural single-family residential district is intended to preserve those residential areas which are best suited for very large lot development and to maintain the character of existing low density single-family developments
Market overview
Demographics & Economy
Geneva, IL has 30,503 residents in 11,159 households. Density runs 2,094 people per square mile. Median household income here is $148,283 and median gross rent $1,816 a month.
30,503
Population
11,159
Households
2.7
Avg Household Size
42
Median Age
66%
College-Educated
97%
High-School Grad
14.6 sq mi
ZIP Area
2,094
Density / Sq Mi
$148,283
Median Household Income
$66,586
Median Earnings
$1,816
Median Rent
$427,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Charles | — | $46.96 |
| Batavia | — | $20.64 |
| Mobet Meadows | — | — |
| West Chicago | — | $14.10 |
Commercial property in Geneva, IL asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Geneva?
Commercial property in Geneva, IL asks an average of $31 per square foot. The 4 most recent recorded sales traded at a median of $295/SF.
How much does it cost to lease commercial space in Geneva?
Asking lease rates in Geneva, IL average $27.14 per square foot per year.
What zoning applies to commercial property in Geneva?
Geneva, IL zones 6,406 acres across 27 districts, of which 6.5% is commercial and 10.8% industrial. The largest single district is Rural Residential at 25.3% of zoned land. The RR rural single-family residential district is intended to preserve those residential areas which are best suited for very large lot development and to maintain the character of existing low density single-family developments Residential zoning covers 77.4% and open space 0%.
Where does Realmo's Geneva market data come from?
Realmo compiles Geneva, IL figures from 5 recent recorded sales, 33 active sale listings, 44 active lease listings, 765 tracked off-market properties, the current Geneva zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 44 active for-lease listings in Geneva, 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: 6,406 zoned acres across 27 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
