Commercial Real Estate Market in Paris, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
13 active listings and 530 off-market properties in Paris, IL.
Market Trends
Paris, IL spans 262.8 square miles in Edgar County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Paris, 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 Paris, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Paris, 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 Paris, 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 60.4%
- Industrial 17.9%
- Commercial 16%
- Open space 4%
Largest Zones share of zoned land by district
Single Family Residence District Inside Present City Limits
Commercial District
Heavy Industrial District
Light Industrial District
Public Recreational Areas
Paris, IL zones 3,618 acres across 11 districts. Commercial zoning covers 16% of zoned land, residential 60.4%, open space 4% and industrial 17.9%. The largest single district is Single Family Residence District Inside Present City Limits at 57.4%. For commercial buyers the practical constraint is that only 33.9% of land carries a commercial or industrial designation.
Single Family Residence District Inside Present City Limits (R-2)
ER 158: SIGNS CHAPTER 159: SUBDIVISION CONTROL APPENDIX A: ZONING ARTICLE I: IN GENERAL ARTICLE II: DEFINITIONS ARTICLE III: DISTRICTS AND BOUNDARIE THEREOF ARTICLE IV: COMPLIANCE WITH THE REGULATIONS ARTICLE V: R-1 AND R-2 SINGLE-FAMILY RESIDENCE DISTRICTS ARTICLE VA: RESERVED ARTICLE VI: TWO-FAMILY RESIDENCE DISTRICT ARTICLE VII: R-4 MULTIPLE DWELLING DIST…
Market overview
Demographics & Economy
Paris, IL has 11,780 residents in 5,859 households. Density runs 45 people per square mile. Median household income here is $54,652 and median gross rent $757 a month.
11,780
Population
5,859
Households
2
Avg Household Size
45
Median Age
22%
College-Educated
89%
High-School Grad
262.8 sq mi
ZIP Area
45
Density / Sq Mi
$54,652
Median Household Income
$36,160
Median Earnings
$757
Median Rent
$97,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Vermilion | — | — |
| Oliver | — | — |
| Redmon | — | — |
| Libertyville | — | — |
Commercial property in Paris, IL asks $94/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paris?
Commercial property in Paris, IL asks an average of $94 per square foot.
What zoning applies to commercial property in Paris?
Paris, IL zones 3,618 acres across 11 districts, of which 16% is commercial and 17.9% industrial. The largest single district is Single Family Residence District Inside Present City Limits at 57.4% of zoned land. ER 158: SIGNS CHAPTER 159: SUBDIVISION CONTROL APPENDIX A: ZONING ARTICLE I: IN GENERAL ARTICLE II: DEFINITIONS ARTICLE III: DISTRICTS AND BOUNDARIE THEREOF ARTICLE IV: COMPLIANCE WITH THE REGULATIONS ARTICLE V: R-1 AND R-2 SINGLE-FAMILY RESIDENCE DISTRICTS ARTICLE VA: RESERVED ARTICLE VI: TWO-FAMILY RESIDENCE DISTRICT ARTICLE VII: R-4 MULTIPLE DWELLING DIST… Residential zoning covers 60.4% and open space 4%.
Where does Realmo's Paris market data come from?
Realmo compiles Paris, IL figures from 13 active sale listings, 530 tracked off-market properties, the current Paris zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 0 active for-lease listings in Paris, 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: 3,618 zoned acres across 11 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
