Commercial Real Estate Market in Henry, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Henry, IL spans 57.1 square miles in Marshall County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Henry, 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 Henry, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Henry, 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 Henry, 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 84.7%
- Commercial 14.6%
- Industrial 0.7%
Largest Zones share of zoned land by district
Single Family Residential
Multifamily Residential
Conservation
Commercial
Commercial Retail
Henry, IL zones 900 acres across 6 districts. Commercial zoning covers 14.6% of zoned land, residential 84.7% and industrial 0.7%. The largest single district is Single Family Residential at 62%. For commercial buyers the practical constraint is that only 15.3% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The purpose of the R-1 district is to provide areas for the single family detached dwellings and accessory uses
Market overview
Demographics & Economy
Henry, IL has 2,807 residents in 1,246 households. Density runs 49 people per square mile. Median household income here is $68,125 and median gross rent $697 a month.
2,807
Population
1,246
Households
2.3
Avg Household Size
46
Median Age
21%
College-Educated
91%
High-School Grad
57.1 sq mi
ZIP Area
49
Density / Sq Mi
$68,125
Median Household Income
$42,090
Median Earnings
$697
Median Rent
$121,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saratoga Center | — | — |
| Putnam | — | — |
| Magnolia | — | — |
| Lacon | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Henry?
Henry, IL zones 900 acres across 6 districts, of which 14.6% is commercial and 0.7% industrial. The largest single district is Single Family Residential at 62% of zoned land. The purpose of the R-1 district is to provide areas for the single family detached dwellings and accessory uses Residential zoning covers 84.7% and open space 0%.
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: 900 zoned acres across 6 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
