Commercial Real Estate Market in Hamel, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 52 off-market properties in Hamel, IL.
Market Trends
Hamel, IL spans 1.1 square miles in Madison County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hamel, 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 Hamel, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hamel, 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 Hamel, 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
- Residential 40.5%
- Commercial 34.5%
- Industrial 25.1%
Largest Zones share of zoned land by district
Highway Commercial
Single Family Residential
Single Family Residential
General Commercial
Light Industry
Hamel, IL zones 775 acres across 8 districts. Commercial zoning covers 34.5% of zoned land, residential 40.5% and industrial 25.1%. The largest single district is Highway Commercial at 34.5%. For commercial buyers the practical constraint is that only 59.5% of land carries a commercial or industrial designation.
Single Family Residential (SR-1)
Any territory hereafter annexed to the Village shall automatically be zoned as SR-1 single-family residential district, until duly changed by an amendment to this Chapter except under the following condition: the Village Board, with the recommendation of the Zoning Hearing Officer, may annex any territory as any other zoning district or districts herein esta…
Market overview
Demographics & Economy
Hamel, IL has 913 residents in 374 households. Density runs 859 people per square mile. Median household income here is $96,750 and median gross rent $940 a month.
913
Population
374
Households
2.4
Avg Household Size
38
Median Age
39%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
859
Density / Sq Mi
$96,750
Median Household Income
$59,777
Median Earnings
$940
Median Rent
$229,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Worden | — | — |
| Kaufman | — | — |
| Holiday Shores | — | — |
| Alhambra | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Hamel?
Hamel, IL zones 775 acres across 8 districts, of which 34.5% is commercial and 25.1% industrial. The largest single district is Highway Commercial at 34.5% of zoned land. Residential zoning covers 40.5% and open space 0%.
Where does Realmo's Hamel market data come from?
Realmo compiles Hamel, IL figures from 5 recent recorded sales, 2 active sale listings, 52 tracked off-market properties, the current Hamel zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Hamel, 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: 775 zoned acres across 8 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
