Commercial Real Estate Market in Morris, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
21 active listings and 1,125 off-market properties in Morris, IL. Commercial property asks $93/SF to buy (based on 4 listings) and $12.00/SF/Yr to lease (based on 3 listings).
Market Trends
Morris, IL spans 157.6 square miles in Grundy County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Morris, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail space in Morris, IL has a median asking sale price of $94/SF (based on 3 listings). Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Industrial
Industrial vacancy in Morris, 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 Morris, 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
- Industrial 45.7%
- Residential 30.4%
- Commercial 22.9%
- Open space 1%
Largest Zones share of zoned land by district
Morris, IL zones 8,323 acres across 13 districts. Commercial zoning covers 22.9% of zoned land, residential 30.4%, open space 1% and industrial 45.7%. The largest single district is Single Family Detached Residence District at 21.8%. For commercial buyers the practical constraint is that only 68.6% of land carries a commercial or industrial designation.
The R1 Single-Family Detached Residential District is intended to provide for existing low-density areas in which the principal use of land is for single-family dwellings and related uses. The permitted uses, lot areas, setbacks and other requirements are designed to encourage quality residential areas in existing portions of the city consistent with contemp…
Market overview
Demographics & Economy
Morris, IL has 20,877 residents in 9,306 households. Density runs 132 people per square mile. Median household income here is $81,716 and median gross rent $1,122 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Morris?
How much does it cost to lease commercial space in Morris?
What zoning applies to commercial property in Morris?
Where does Realmo's Morris market data come from?
Methodology & data sources
- Asking prices and medians
- There are 10 active for-sale and 11 active for-lease listings in Morris, IL. The medians are based on 4 of the for-sale and 3 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: 8,323 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 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
