Commercial Real Estate Market in Gridley, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 84 off-market properties in Gridley, IL.
Market Trends
Gridley, IL spans 77.7 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gridley, 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 Gridley, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Gridley, 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 Gridley, 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 61.8%
- Industrial 30.4%
- Civic 3.6%
- Commercial 3.1%
Largest Zones share of zoned land by district
One Family Residence District
Industrial District
Public Grounds And School District
Business District
Multifamily Residence District
Gridley, IL zones 449 acres across 7 districts. Commercial zoning covers 3.1% of zoned land, residential 61.8% and industrial 30.4%. The largest single district is One Family Residence District at 58.7%. For commercial buyers the practical constraint is that only 33.5% of land carries a commercial or industrial designation.
Industrial District (I)
The M-1 District is established to provide areas for manufacturing concerns whose operations are of a high performance standard, and to establish standards of performance so that manufacturing districts may be established in proximity to residential and business districts without adversely affecting such areas, to provide regulations to assure adequate open…
Market overview
Demographics & Economy
Gridley, IL has 2,021 residents in 813 households. Density runs 26 people per square mile. Median household income here is $70,859 and median gross rent $763 a month.
2,021
Population
813
Households
2.5
Avg Household Size
39
Median Age
34%
College-Educated
93%
High-School Grad
77.7 sq mi
ZIP Area
26
Density / Sq Mi
$70,859
Median Household Income
$44,762
Median Earnings
$763
Median Rent
$154,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Waldo | — | — |
| El Paso | — | — |
| Panola | — | — |
| Kappa | — | — |
Commercial property in Gridley, IL asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gridley?
Commercial property in Gridley, IL asks an average of $1 per square foot.
What zoning applies to commercial property in Gridley?
Gridley, IL zones 449 acres across 7 districts, of which 3.1% is commercial and 30.4% industrial. The largest single district is One Family Residence District at 58.7% of zoned land. Residential zoning covers 61.8% and open space 0%.
Where does Realmo's Gridley market data come from?
Realmo compiles Gridley, IL figures from 6 recent recorded sales, 6 active sale listings, 84 tracked off-market properties, the current Gridley 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 0 active for-lease listings in Gridley, 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: 449 zoned acres across 7 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
