Commercial Real Estate Market in Manteno, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
23 active listings and 354 off-market properties in Manteno, IL. Commercial property asks $200/SF to buy (based on 3 listings) and $16.00/SF/Yr to lease (based on 5 listings).
Market Trends
Manteno, IL spans 76.6 square miles in Kankakee County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Manteno, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Manteno, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in Manteno, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Bourbonnais | $213 | $19.00 |
| Kankakee | $60 | $15.00 |
Commercial property in Manteno, IL asks $200/SF. The 2 bordering markets run from $60/SF in Kankakee to $213/SF in Bourbonnais, and the city sits above their $137/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Manteno?
How much does it cost to lease commercial space in Manteno?
How does Manteno compare to nearby markets on price?
What zoning applies to commercial property in Manteno?
Where does Realmo's Manteno market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 14 active for-lease listings in Manteno, IL. The medians are based on 3 of the for-sale and 5 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
