Commercial Real Estate Market in Hampshire, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
38 active listings and 309 off-market properties in Hampshire, IL. Commercial property asks $365/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Hampshire, IL spans 81.0 square miles in Kane County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hampshire, 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 Hampshire, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hampshire, 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 Hampshire, 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 58.4%
- Industrial 17.9%
- Planned_development 10.9%
- Agricultural 8.9%
- Commercial 3.9%
Largest Zones share of zoned land by district
Planned Residential Development
Single Family Residence District
Lakewood Crossing Business Planned Development
Restricted Farm District
General Industrial District
Hampshire, IL zones 6,164 acres across 19 districts. Commercial zoning covers 3.9% of zoned land, residential 58.4% and industrial 17.9%. The largest single district is Planned Residential Development at 29.8%. For commercial buyers the practical constraint is that only 21.8% of land carries a commercial or industrial designation.
Planned Residential Development (PRD)
A planned residential development is a privilege to be earned and not a right to be claimed simply by complying with the standards established in this article. The village may require any reasonable conditions or design considerations which will promote a development of benefit to the community. It is not intended that the village automatically grant the max…
Market overview
Demographics & Economy
Hampshire, IL has 21,902 residents in 7,325 households. Density runs 270 people per square mile. Median household income here is $114,675 and median gross rent $1,379 a month.
21,902
Population
7,325
Households
3
Avg Household Size
37
Median Age
38%
College-Educated
93%
High-School Grad
81 sq mi
ZIP Area
270
Density / Sq Mi
$114,675
Median Household Income
$58,111
Median Earnings
$1,379
Median Rent
$316,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pingree Grove | — | $14.00 |
| Huntley | — | $12.94 |
| Genoa | — | — |
Commercial property in Hampshire, IL asks $365/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hampshire?
Commercial property in Hampshire, IL asks an average of $365 per square foot. The 4 most recent recorded sales traded at a median of $109/SF, so asking sits 234% above the achieved median.
How much does it cost to lease commercial space in Hampshire?
Asking lease rates in Hampshire, IL average $14.00 per square foot per year.
What zoning applies to commercial property in Hampshire?
Hampshire, IL zones 6,164 acres across 19 districts, of which 3.9% is commercial and 17.9% industrial. The largest single district is Planned Residential Development at 29.8% of zoned land. A planned residential development is a privilege to be earned and not a right to be claimed simply by complying with the standards established in this article. The village may require any reasonable conditions or design considerations which will promote a development of benefit to the community. It is not intended that the village automatically grant the max… Residential zoning covers 58.4% and open space 0%.
Where does Realmo's Hampshire market data come from?
Realmo compiles Hampshire, IL figures from 5 recent recorded sales, 30 active sale listings, 8 active lease listings, 309 tracked off-market properties, the current Hampshire zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 8 active for-lease listings in Hampshire, 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: 6,164 zoned acres across 19 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 30 September 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · report a data issue
