Commercial Real Estate Market in Mokena, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
45 active listings and 781 off-market properties in Mokena, IL.
Market Trends
Mokena, IL spans 18.3 square miles in Will County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Mokena, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in Mokena, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Mokena, 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 Mokena, 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 47%
- Open space 33%
- Industrial 11%
- Commercial 8.4%
- Agricultural 0.2%
Largest Zones share of zoned land by district
Mokena, IL zones 6,447 acres across 19 districts. Commercial zoning covers 8.4% of zoned land, residential 47%, open space 33% and industrial 11%. The largest single district is Single Family Residence 12500 Square Feet at 24.6%. For commercial buyers the practical constraint is that only 19.4% of land carries a commercial or industrial designation.
B. Policy. To achieve the purpose of the R-4 Residential District, it shall be the policy of the Village to: 1. So locate R-4 Districts to other districts nearby or adjacent to available Municipal police and fire protection so as to protect these residential areas from the danger of fire, explosion, or noxious fumes and the irritations of offensive odors, no…
Market overview
Demographics & Economy
Mokena, IL has 25,512 residents in 9,196 households. Density runs 1,393 people per square mile. Median household income here is $126,483 and median gross rent $1,400 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Frankfort | $153 | $12.00 |
| Orland Park | $203 | $17.00 |
| Tinley Park | $109 | $19.00 |
Frequently Asked Questions
How much does it cost to lease commercial space in Mokena?
What zoning applies to commercial property in Mokena?
Where does Realmo's Mokena market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 34 active for-lease listings in Mokena, IL. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 12 of the for-lease listings that state a 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: 6,447 zoned acres across 19 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
