Commercial Real Estate Market in Genoa, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
34 active listings and 234 off-market properties in Genoa, IL. Commercial property asks $1,258/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Genoa, IL spans 46.8 square miles in DeKalb County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Genoa, 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 Genoa, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Genoa, 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 Genoa, 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 57.1%
- Commercial 25.9%
- Industrial 15.7%
- Civic 1.3%
Largest Zones share of zoned land by district
Suburban Residential District
Agricultural District
City Residential District
Suburban Industrial District
Hamlet Residential District
Genoa, IL zones 1,732 acres across 9 districts. Commercial zoning covers 25.9% of zoned land, residential 57.1% and industrial 15.7%. The largest single district is Suburban Residential District at 30.2%. For commercial buyers the practical constraint is that only 41.6% of land carries a commercial or industrial designation.
Suburban Residential District (SR)
The Suburban Residential District is established to provide and maintain area for development of low density single family residences on generally uniform lots. This district is intended for the exclusive development of detached single family residences served by municipal water and sewer.
Market overview
Demographics & Economy
Genoa, IL has 7,292 residents in 2,923 households. Density runs 156 people per square mile. Median household income here is $87,935 and median gross rent $1,038 a month.
7,292
Population
2,923
Households
2.5
Avg Household Size
39
Median Age
15%
College-Educated
88%
High-School Grad
46.8 sq mi
ZIP Area
156
Density / Sq Mi
$87,935
Median Household Income
$47,101
Median Earnings
$1,038
Median Rent
$238,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kingston | — | — |
| Sycamore | — | $8.67 |
| Burlington | — | — |
| Clare | — | — |
Commercial property in Genoa, IL asks $1,258/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Genoa?
Commercial property in Genoa, IL asks an average of $1,258 per square foot.
How much does it cost to lease commercial space in Genoa?
Asking lease rates in Genoa, IL average $10.00 per square foot per year.
What zoning applies to commercial property in Genoa?
Genoa, IL zones 1,732 acres across 9 districts, of which 25.9% is commercial and 15.7% industrial. The largest single district is Suburban Residential District at 30.2% of zoned land. The Suburban Residential District is established to provide and maintain area for development of low density single family residences on generally uniform lots. This district is intended for the exclusive development of detached single family residences served by municipal water and sewer. Residential zoning covers 57.1% and open space 0%.
Where does Realmo's Genoa market data come from?
Realmo compiles Genoa, IL figures from 6 recent recorded sales, 33 active sale listings, 1 active lease listings, 234 tracked off-market properties, the current Genoa 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 1 active for-lease listings in Genoa, 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: 1,732 zoned acres across 9 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
