Commercial Real Estate Market in Hillcrest, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 540 off-market properties in Hillcrest, IL.
Market Trends
Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Hillcrest, 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 Hillcrest, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Hillcrest, 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 Hillcrest, 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
- Commercial 89%
- Residential 9.4%
- Industrial 0.6%
- Open space 0.2%
Largest Zones share of zoned land by district
Agricultural
Single Family Residential
Commercial
No Zoning
Light Industrial
Hillcrest, IL zones 1,946 acres across 8 districts. Commercial zoning covers 89% of zoned land, residential 9.4%, open space 0.2% and industrial 0.6%. The largest single district is Agricultural at 86.4%. For commercial buyers the practical constraint is that only 89.7% of land carries a commercial or industrial designation.
Agricultural (A-1)
The intent of this district is to maintain active and productive cropland on the perimeter of the village and establish mechanisms to permit the development and expansion of the agribusiness industry in the village and the county. This district may be located in any of the land uses shown on the village comprehensive plan future land use map.
Market overview
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kings | — | — |
| Creston | — | — |
| Lindenwood | — | — |
| Honey Creek | — | — |
Commercial property in Hillcrest, IL asks $106/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hillcrest?
Commercial property in Hillcrest, IL asks an average of $106 per square foot. The 5 most recent recorded sales traded at a median of $58/SF, so asking sits 83% above the achieved median.
What zoning applies to commercial property in Hillcrest?
Hillcrest, IL zones 1,946 acres across 8 districts, of which 89% is commercial and 0.6% industrial. The largest single district is Agricultural at 86.4% of zoned land. The intent of this district is to maintain active and productive cropland on the perimeter of the village and establish mechanisms to permit the development and expansion of the agribusiness industry in the village and the county. This district may be located in any of the land uses shown on the village comprehensive plan future land use map. Residential zoning covers 9.4% and open space 0.2%.
Where does Realmo's Hillcrest market data come from?
Realmo compiles Hillcrest, IL figures from 7 recent recorded sales, 30 active sale listings, 2 active lease listings, 540 tracked off-market properties, the current Hillcrest zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 2 active for-lease listings in Hillcrest, 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: 1,946 zoned acres across 8 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
