Commercial Real Estate Market in Herscher, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 118 off-market properties in Herscher, IL.
Market Trends
Herscher, IL spans 51.5 square miles in Kankakee County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Herscher, 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 Herscher, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Herscher, 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 Herscher, 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 51.3%
- Agricultural 37.2%
- Commercial 10%
- Industrial 1.6%
Largest Zones share of zoned land by district
Single Family
Agriculture
Commercial
Estate Residential Corporate Limits
Downtown Commercial
Agriculture (AG)
The Zoning District is hereby established to further the use of lands optimally suited for agriculture use because of location, topography, soil characteristics, wetness, vegetation, or other natural or man-induced factors
Market overview
Demographics & Economy
Herscher, IL has 1,927 residents in 681 households. Density runs 37 people per square mile. Median household income here is $92,969 and median gross rent $1,176 a month.
1,927
Population
681
Households
2.8
Avg Household Size
41
Median Age
31%
College-Educated
99%
High-School Grad
51.5 sq mi
ZIP Area
37
Density / Sq Mi
$92,969
Median Household Income
$50,304
Median Earnings
$1,176
Median Rent
$198,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Buckingham | — | — |
| Union Hill | — | — |
| Irwin | — | — |
| Cabery | — | — |
Frequently Asked Questions
Where does Realmo's Herscher market data come from?
Realmo compiles Herscher, IL figures from 8 recent recorded sales, 11 active sale listings, 118 tracked off-market properties, the current Herscher zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 0 active for-lease listings in Herscher, 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: 1,137 zoned acres across 9 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
