Commercial Real Estate Market in Montgomery, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
9 active listings and 385 off-market properties in Montgomery, IL.
Market Trends
Montgomery, IL spans 9.7 square miles in Kendall County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Montgomery, 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 Montgomery, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Montgomery, 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 Montgomery, 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 57.8%
- Industrial 32.5%
- Civic 9.4%
- Agricultural 0.3%
Largest Zones share of zoned land by district
Single Unit Dwelling
Single Unit Dwelling
Light Manufacturing
General Manufacturing
Regional Business
Montgomery, IL zones 5,623 acres across 13 districts. The largest single district is Single Unit Dwelling at 32.5%. For commercial buyers the practical constraint is that only 32.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Montgomery, IL has 28,898 residents in 10,729 households. Density runs 2,978 people per square mile. Median household income here is $92,064 and median gross rent $1,845 a month.
28,898
Population
10,729
Households
2.7
Avg Household Size
34
Median Age
25%
College-Educated
90%
High-School Grad
9.7 sq mi
ZIP Area
2,978
Density / Sq Mi
$92,064
Median Household Income
$47,559
Median Earnings
$1,845
Median Rent
$253,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oswego | — | $27.20 |
| North Aurora | — | — |
Commercial property in Montgomery, IL asks $398/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Montgomery?
Commercial property in Montgomery, IL asks an average of $398 per square foot. The 5 most recent recorded sales traded at a median of $123/SF, so asking sits 224% above the achieved median.
What zoning applies to commercial property in Montgomery?
Montgomery, IL zones 5,623 acres across 13 districts, of which 0% is commercial and 32.5% industrial. The largest single district is Single Unit Dwelling at 32.5% of zoned land. Residential zoning covers 57.8% and open space 0%.
Where does Realmo's Montgomery market data come from?
Realmo compiles Montgomery, IL figures from 7 recent recorded sales, 6 active sale listings, 3 active lease listings, 385 tracked off-market properties, the current Montgomery zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 3 active for-lease listings in Montgomery, 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: 5,623 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 30 September 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 30 September 2026 · report a data issue
