Commercial Real Estate Market in Highland, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
75 active listings and 557 off-market properties in Highland, IL.
Market Trends
Highland, IL spans 88.7 square miles in Madison County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Highland, 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 Highland, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Highland, 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 Highland, 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 75%
- Industrial 12.5%
- Commercial 11.6%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Single Family Residence 70 Feet Lot Width
Industrial District No Lot Width Requirement
Single Family Residence 50 Feet Lot Width
Highway Business District None
Central Business District No Lot Width Requirement
Highland, IL zones 5,235 acres across 12 districts. Commercial zoning covers 11.6% of zoned land, residential 75% and industrial 12.5%. The largest single district is Single Family Residence 70 Feet Lot Width at 58.5%. For commercial buyers the practical constraint is that only 24.1% of land carries a commercial or industrial designation.
Single Family Residence 70 Feet Lot Width (R-1-C)
This district is principally used for detached single-family dwellings, and related educational, religious and recreational facilities.
Market overview
Demographics & Economy
Highland, IL has 16,052 residents in 7,317 households. Density runs 181 people per square mile. Median household income here is $88,986 and median gross rent $779 a month.
16,052
Population
7,317
Households
2.2
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
88.7 sq mi
ZIP Area
181
Density / Sq Mi
$88,986
Median Household Income
$53,122
Median Earnings
$779
Median Rent
$220,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Trenton | — | — |
| Pierron | — | — |
| Saint Morgan | — | — |
| Saint Jacob | — | — |
Commercial property in Highland, IL asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Highland?
Commercial property in Highland, IL asks an average of $2 per square foot. The 7 most recent recorded sales traded at a median of $91/SF. Multifamily carries the highest asking price at $60/SF.
What zoning applies to commercial property in Highland?
Highland, IL zones 5,235 acres across 12 districts, of which 11.6% is commercial and 12.5% industrial. The largest single district is Single Family Residence 70 Feet Lot Width at 58.5% of zoned land. This district is principally used for detached single-family dwellings, and related educational, religious and recreational facilities. Residential zoning covers 75% and open space 0%.
Where does Realmo's Highland market data come from?
Realmo compiles Highland, IL figures from 8 recent recorded sales, 74 active sale listings, 1 active lease listings, 557 tracked off-market properties, the current Highland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 74 active for-sale and 1 active for-lease listings in Highland, 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: 5,235 zoned acres across 12 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
