Commercial Real Estate Market in Godfrey, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
43 active listings and 389 off-market properties in Godfrey, IL. Commercial property asks $15/SF to buy and $8.00/SF/Yr to lease.
Market Trends
Godfrey, IL spans 43.8 square miles in Madison County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Godfrey, 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 Godfrey, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Godfrey, 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 space in Godfrey, IL asks $60/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 56.1%
- Residential 34.9%
- Commercial 6.8%
- Industrial 1.8%
- Civic 0.3%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Agriculture
Single Family Residential
Single Family Residential
Planned Business
Multiple Family Residential
Agriculture (A)
The agricultural district is designed to protect and preserve areas of high agricultural productivity and is intended to preserve conditions suitable to agricultural pursuits while at the same time recognizing that nonagricultural development is likely to occur in certain portions of the village which had such historic and traditional agricultural uses.
Market overview
Demographics & Economy
Godfrey, IL has 16,172 residents in 7,145 households. Density runs 370 people per square mile. Median household income here is $91,696 and median gross rent $1,158 a month.
16,172
Population
7,145
Households
2.3
Avg Household Size
47
Median Age
33%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
370
Density / Sq Mi
$91,696
Median Household Income
$51,693
Median Earnings
$1,158
Median Rent
$179,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alton | — | $13.24 |
| Cottage Hills | — | — |
| Brighton | — | — |
| West Alton | — | — |
Commercial property in Godfrey, IL asks $15/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Godfrey?
Commercial property in Godfrey, IL asks an average of $15 per square foot. The 5 most recent recorded sales traded at a median of $120/SF. Multifamily carries the highest asking price at $60/SF.
How much does it cost to lease commercial space in Godfrey?
Asking lease rates in Godfrey, IL average $8.00 per square foot per year.
Where does Realmo's Godfrey market data come from?
Realmo compiles Godfrey, IL figures from 7 recent recorded sales, 32 active sale listings, 11 active lease listings, 389 tracked off-market properties, the current Godfrey zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 11 active for-lease listings in Godfrey, 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: 22,943 zoned acres across 17 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
