Commercial Real Estate Market in Momence, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 219 off-market properties in Momence, IL.
Market Trends
Momence, IL spans 66.2 square miles in Kankakee County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Momence, 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 Momence, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Momence, 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 Momence, 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 52.5%
- Industrial 27.3%
- Commercial 10.5%
- Civic 8.6%
- Agricultural 1.1%
Largest Zones share of zoned land by district
Single Family Residential
General Manufacturing District
Schools Parks Public Buildings And Cemeteries
General Business Retail And Wholesale District
Limited Business Retail District
Momence, IL zones 1,021 acres across 9 districts. Commercial zoning covers 10.5% of zoned land, residential 52.5% and industrial 27.3%. The largest single district is Single Family Residential at 47.6%. For commercial buyers the practical constraint is that only 37.8% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
The purpose of the R-1 district is to provide areas for the one family detaced dwellings and necessary accessory uses
Market overview
Demographics & Economy
Momence, IL has 5,825 residents in 2,395 households. Density runs 88 people per square mile. Median household income here is $58,636 and median gross rent $838 a month.
5,825
Population
2,395
Households
2.4
Avg Household Size
43
Median Age
13%
College-Educated
88%
High-School Grad
66.2 sq mi
ZIP Area
88
Density / Sq Mi
$58,636
Median Household Income
$43,636
Median Earnings
$838
Median Rent
$159,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sun River Terrace | — | — |
| Grant Park | — | — |
| Hopkins Park | — | — |
| Sollitt | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Momence?
Momence, IL zones 1,021 acres across 9 districts, of which 10.5% is commercial and 27.3% industrial. The largest single district is Single Family Residential at 47.6% of zoned land. The purpose of the R-1 district is to provide areas for the one family detaced dwellings and necessary accessory uses Residential zoning covers 52.5% and open space 0%.
Where does Realmo's Momence market data come from?
Realmo compiles Momence, IL figures from 7 recent recorded sales, 5 active sale listings, 219 tracked off-market properties, the current Momence zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Momence, 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: 1,021 zoned acres across 9 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
