Commercial Real Estate Market in Morris, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
57 active listings and 1,125 off-market properties in Morris, IL. Commercial property asks $104/SF to buy and $9.75/SF/Yr to lease.
Market Trends
Morris, IL spans 157.6 square miles in Grundy County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morris, 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 Morris, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
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%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Morris, 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
- Industrial 45.7%
- Residential 30.4%
- Commercial 22.9%
- Open space 1%
Largest Zones share of zoned land by district
Single Family Detached Residence District
Manufacturing District
Manufacturing District
Commercial District
Single Family Detached Residence 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.
Single Family Detached Residence District (R-1)
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.
20,877
Population
9,306
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
94%
High-School Grad
157.6 sq mi
ZIP Area
132
Density / Sq Mi
$81,716
Median Household Income
$45,813
Median Earnings
$1,122
Median Rent
$266,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carbon Hill | — | — |
| Mazon | — | — |
| Coal City | — | — |
| Diamond | — | — |
Commercial property in Morris, IL asks $104/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morris?
Commercial property in Morris, IL asks an average of $104 per square foot. The 4 most recent recorded sales traded at a median of $156/SF.
How much does it cost to lease commercial space in Morris?
Asking lease rates in Morris, IL average $9.75 per square foot per year.
What zoning applies to commercial property in Morris?
Morris, IL zones 8,323 acres across 13 districts, of which 22.9% is commercial and 45.7% industrial. The largest single district is Single Family Detached Residence District at 21.8% of zoned land. 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… Residential zoning covers 30.4% and open space 1%.
Where does Realmo's Morris market data come from?
Realmo compiles Morris, IL figures from 7 recent recorded sales, 46 active sale listings, 11 active lease listings, 1,125 tracked off-market properties, the current Morris zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 11 active for-lease listings in Morris, 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: 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 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
