Commercial Real Estate Market in Oglesby, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 348 off-market properties in Oglesby, IL. Commercial property asks $582/SF to buy and $15.00/SF/Yr to lease.
Market Trends
Oglesby, IL spans 39.3 square miles in LaSalle County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Oglesby, 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 Oglesby, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Oglesby, 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 Oglesby, 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 60.4%
- Residential 35.6%
- Commercial 4%
Largest Zones share of zoned land by district
Limited Manufacturing District
Single Family Residential District
Community Retail And Services District
General Residential District
Downtown Commercial District
Oglesby, IL zones 3,136 acres across 7 districts. Commercial zoning covers 4% of zoned land, residential 35.6% and industrial 60.4%. The largest single district is Limited Manufacturing District at 60.4%. For commercial buyers the practical constraint is that only 64.4% of land carries a commercial or industrial designation.
Limited Manufacturing District (M1)
The M1 district is intended to provide for a wide range of light manufacturing, warehousing, wholesaling, office and support service uses whose operations have minimal impact on adjacent properties
Market overview
Demographics & Economy
Oglesby, IL has 4,576 residents in 2,182 households. Density runs 116 people per square mile. Median household income here is $71,197 and median gross rent $691 a month.
4,576
Population
2,182
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
93%
High-School Grad
39.3 sq mi
ZIP Area
116
Density / Sq Mi
$71,197
Median Household Income
$44,029
Median Earnings
$691
Median Rent
$139,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Jonesville | — | — |
| Rockwell | — | — |
| Cedar Point | — | — |
| Lowell | — | — |
Commercial property in Oglesby, IL asks $582/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Oglesby?
Commercial property in Oglesby, IL asks an average of $582 per square foot. The 6 most recent recorded sales traded at a median of $96/SF, so asking sits 508% above the achieved median.
How much does it cost to lease commercial space in Oglesby?
Asking lease rates in Oglesby, IL average $15.00 per square foot per year.
What zoning applies to commercial property in Oglesby?
Oglesby, IL zones 3,136 acres across 7 districts, of which 4% is commercial and 60.4% industrial. The largest single district is Limited Manufacturing District at 60.4% of zoned land. The M1 district is intended to provide for a wide range of light manufacturing, warehousing, wholesaling, office and support service uses whose operations have minimal impact on adjacent properties Residential zoning covers 35.6% and open space 0%.
Where does Realmo's Oglesby market data come from?
Realmo compiles Oglesby, IL figures from 7 recent recorded sales, 14 active sale listings, 3 active lease listings, 348 tracked off-market properties, the current Oglesby zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 14 active for-sale and 3 active for-lease listings in Oglesby, 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: 3,136 zoned acres across 7 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, 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 31 August 2026 · report a data issue
