Commercial Real Estate Market in Mahomet, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
18 active listings and 226 off-market properties in Mahomet, IL. Commercial property asks $2,353/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Mahomet, IL spans 48.0 square miles in Champaign County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mahomet, 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 Mahomet, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mahomet, 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 Mahomet, 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 54.2%
- Commercial 18.5%
- Industrial 14.6%
- Open space 9.4%
- Agricultural 2.3%
- Mixed use 0.8%
- Planned_development 0.3%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Forest Preserve
Conservation
Multiple Family Residential
Mahomet, IL zones 6,378 acres across 13 districts. Commercial zoning covers 18.5% of zoned land, residential 54.2%, open space 9.4% and industrial 14.6%. The largest single district is Single Family Residential at 26.8%. For commercial buyers the practical constraint is that only 33.1% of land carries a commercial or industrial designation.
Forest Preserve (FP)
FP Forest Preserve District Other Use Regulations 152.045 Large scale residential developments 152.046 Accessory buildings and uses 152.047 Mobile homes 152.048 Row houses 152.049 Utilities 152.050 Other regulations 152.051 Home occupations 152.052 Assisted living retirement communities 152.053 Standards for drive-through uses 152.054 Animal use requirements…
Market overview
Demographics & Economy
Mahomet, IL has 14,218 residents in 5,338 households. Density runs 296 people per square mile. Median household income here is $114,974 and median gross rent $1,226 a month.
14,218
Population
5,338
Households
2.7
Avg Household Size
38
Median Age
52%
College-Educated
97%
High-School Grad
48 sq mi
ZIP Area
296
Density / Sq Mi
$114,974
Median Household Income
$56,473
Median Earnings
$1,226
Median Rent
$281,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mansfield | — | — |
| Bondville | — | — |
| Seymour | — | — |
| Fisher | — | — |
Commercial property in Mahomet, IL asks $2,353/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mahomet?
Commercial property in Mahomet, IL asks an average of $2,353 per square foot. The 5 most recent recorded sales traded at a median of $158/SF, so asking sits 1392% above the achieved median.
How much does it cost to lease commercial space in Mahomet?
Asking lease rates in Mahomet, IL average $17.00 per square foot per year.
What zoning applies to commercial property in Mahomet?
Mahomet, IL zones 6,378 acres across 13 districts, of which 18.5% is commercial and 14.6% industrial. The largest single district is Single Family Residential at 26.8% of zoned land. Residential zoning covers 54.2% and open space 9.4%.
Where does Realmo's Mahomet market data come from?
Realmo compiles Mahomet, IL figures from 8 recent recorded sales, 17 active sale listings, 1 active lease listings, 226 tracked off-market properties, the current Mahomet zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 1 active for-lease listings in Mahomet, 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: 6,378 zoned acres across 13 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
