Commercial Real Estate Market in Gilberts, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 179 off-market properties in Gilberts, IL.
Market Trends
Gilberts, IL spans 7.4 square miles in Kane County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gilberts, 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 Gilberts, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gilberts, 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 Gilberts, 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
- Planned_development 64.9%
- Residential 13.6%
- Commercial 7.9%
- Industrial 7.2%
- Agricultural 4.9%
Largest Zones share of zoned land by district
Residential Planned Unit Development
Commercial
Industrial
Residential Planned Unit Development
Agriculture
Residential Planned Unit Development (R-3/PUD)
The intent of this zone is to promote residential planned unit development uses.
Market overview
Demographics & Economy
Gilberts, IL has 8,497 residents in 3,123 households. Density runs 1,148 people per square mile. Median household income here is $124,338 and median gross rent $1,786 a month.
8,497
Population
3,123
Households
2.7
Avg Household Size
36
Median Age
49%
College-Educated
95%
High-School Grad
7.4 sq mi
ZIP Area
1,148
Density / Sq Mi
$124,338
Median Household Income
$67,500
Median Earnings
$1,786
Median Rent
$330,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sleepy Hollow | — | — |
| Pingree Grove | — | $14.00 |
| Fletcher | — | — |
| Huntley | — | $12.94 |
Commercial property in Gilberts, IL asks $7/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gilberts?
Commercial property in Gilberts, IL asks an average of $7 per square foot.
Where does Realmo's Gilberts market data come from?
Realmo compiles Gilberts, IL figures from 5 recent recorded sales, 6 active sale listings, 7 active lease listings, 179 tracked off-market properties, the current Gilberts zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 7 active for-lease listings in Gilberts, 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: 3,453 zoned acres across 16 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
