Commercial Real Estate Market in Ludlow, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 17 off-market properties in Ludlow, IL.
Market Trends
Ludlow, IL spans 22.9 square miles in Champaign County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Ludlow, 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 Ludlow, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Ludlow, 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 Ludlow, 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 77.2%
- Commercial 16.2%
- Industrial 2.7%
Largest Zones share of zoned land by district
Residential
Light Commercial
Unrestricted
Light Industrial
Trailer And Mobile Home Park
Ludlow, IL zones 226 acres across 5 districts. Commercial zoning covers 16.2% of zoned land, residential 77.2% and industrial 2.7%. The largest single district is Residential at 76%. For commercial buyers the practical constraint is that only 18.9% of land carries a commercial or industrial designation.
Light Commercial (B-1)
B-1 Central Business B-2 General Business I-1 Industrial A-1 Agriculture The boundaries of the listed zoning districts are hereby established as shown on a map designated the “Official Zoning Map of the Village of Ludlow, Champaign County, Illinois, as amended, 1991.” This map and all information and notations shown on the map shall be a part of this Code. T…
Market overview
Demographics & Economy
Ludlow, IL has 501 residents in 238 households. Density runs 22 people per square mile. Median household income here is $56,250 and median gross rent $775 a month.
501
Population
238
Households
2.1
Avg Household Size
40
Median Age
13%
College-Educated
85%
High-School Grad
22.9 sq mi
ZIP Area
22
Density / Sq Mi
$56,250
Median Household Income
$37,083
Median Earnings
$775
Median Rent
$99,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Ludlow?
Ludlow, IL zones 226 acres across 5 districts, of which 16.2% is commercial and 2.7% industrial. The largest single district is Residential at 76% of zoned land. Residential zoning covers 77.2% and open space 0%.
Where does Realmo's Ludlow market data come from?
Realmo compiles Ludlow, IL figures from 2 recent recorded sales, 1 active sale listings, 17 tracked off-market properties, the current Ludlow zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Ludlow, 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: 226 zoned acres across 5 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
