Commercial Real Estate Market in Henderson, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Henderson, IL spans 1.2 square miles in Knox County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Henderson, 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 Henderson, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Henderson, 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 Henderson, 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 93.6%
- Commercial 6.4%
Largest Zones share of zoned land by district
Rural Residential
Restricted Business
Highway Business
Henderson, IL zones 161 acres across 3 districts. Commercial zoning covers 6.4% of zoned land, residential 93.6%. The largest single district is Rural Residential at 93.6%. For commercial buyers the practical constraint is that only 6.4% of land carries a commercial or industrial designation.
Rural Residential (R)
District is intended to provide rural residential related uses
Market overview
Demographics & Economy
Henderson, IL has 274 residents in 123 households. Density runs 219 people per square mile. Median household income here is $56,429 and median gross rent $625 a month.
274
Population
123
Households
2.2
Avg Household Size
45
Median Age
22%
College-Educated
75%
High-School Grad
1.2 sq mi
ZIP Area
219
Density / Sq Mi
$56,429
Median Household Income
$32,031
Median Earnings
$625
Median Rent
$97,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Henderson Grove | — | — |
| Wataga | — | — |
| Galesburg | — | — |
| East Galesburg | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Henderson?
Henderson, IL zones 161 acres across 3 districts, of which 6.4% is commercial and 0% industrial. The largest single district is Rural Residential at 93.6% of zoned land. District is intended to provide rural residential related uses Residential zoning covers 93.6% and open space 0%.
Where does Realmo's Henderson market data come from?
Realmo compiles Henderson, IL figures from 8 recent recorded sales, 22 tracked off-market properties, the current Henderson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- 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: 161 zoned acres across 3 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
