Commercial Real Estate Market in Manteno, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
40 active listings and 354 off-market properties in Manteno, IL. Commercial property asks $129/SF to buy and $18.45/SF/Yr to lease.
Market Trends
Manteno, IL spans 76.6 square miles in Kankakee County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Manteno, 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 Manteno, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Manteno, 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 Manteno, 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 53.2%
- Industrial 19.8%
- Commercial 12.6%
- Open space 11.4%
- Special 2.9%
- Agricultural 0.1%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
Light Industrial
Open Space
Heavy Industrial
Manteno, IL zones 3,370 acres across 10 districts. Commercial zoning covers 12.6% of zoned land, residential 53.2%, open space 11.4% and industrial 19.8%. The largest single district is Single Family Residential at 48.2%. For commercial buyers the practical constraint is that only 32.4% of land carries a commercial or industrial designation.
Single Family Residential (R1)
The residential district R-1 as hereby established to provide for an environment of predominately single-family detached dwellings with certain additional compatible uses which serve the residents living in district
Market overview
Demographics & Economy
Manteno, IL has 11,996 residents in 5,243 households. Density runs 157 people per square mile. Median household income here is $87,848 and median gross rent $1,008 a month.
11,996
Population
5,243
Households
2.3
Avg Household Size
44
Median Age
22%
College-Educated
94%
High-School Grad
76.6 sq mi
ZIP Area
157
Density / Sq Mi
$87,848
Median Household Income
$54,034
Median Earnings
$1,008
Median Rent
$244,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bourbonnais | — | $18.79 |
| Bradley | — | $15.84 |
| Wilton Center | — | — |
| Peotone | — | — |
Commercial property in Manteno, IL asks $129/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Manteno?
Commercial property in Manteno, IL asks an average of $129 per square foot.
How much does it cost to lease commercial space in Manteno?
Asking lease rates in Manteno, IL average $18.45 per square foot per year.
What zoning applies to commercial property in Manteno?
Manteno, IL zones 3,370 acres across 10 districts, of which 12.6% is commercial and 19.8% industrial. The largest single district is Single Family Residential at 48.2% of zoned land. The residential district R-1 as hereby established to provide for an environment of predominately single-family detached dwellings with certain additional compatible uses which serve the residents living in district Residential zoning covers 53.2% and open space 11.4%.
Where does Realmo's Manteno market data come from?
Realmo compiles Manteno, IL figures from 8 recent recorded sales, 28 active sale listings, 12 active lease listings, 354 tracked off-market properties, the current Manteno zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 12 active for-lease listings in Manteno, 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: 3,370 zoned acres across 10 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
