Commercial Real Estate Market in Paxton, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 272 off-market properties in Paxton, IL.
Market Trends
Paxton, IL spans 104.9 square miles in Ford County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Paxton, 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 Paxton, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Paxton, 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 Paxton, 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 66.1%
- Industrial 25.5%
- Commercial 3.7%
- Open space 1.9%
Largest Zones share of zoned land by district
One Family Dwelling District
One Family Dwelling District
Manufacturing District And Limited
General Residential District
Manufacturing District And General
Paxton, IL zones 1,927 acres across 11 districts. Commercial zoning covers 3.7% of zoned land, residential 66.1%, open space 1.9% and industrial 25.5%. The largest single district is One Family Dwelling District at 32.5%. For commercial buyers the practical constraint is that only 29.2% of land carries a commercial or industrial designation.
One Family Dwelling District (R-2)
F RECORD. Annotations Off Follow Changes Share Download Bookmark Print CHAPTER 151: ZONING CODE Share Download Bookmark Print § 151.035 USE DISTRICTS. (A) Residential districts: (1) R-1 One-Family Dwelling District; (2) R-2 One-Family Dwelling District; and (3) R-3 General Residence District. (B) Business districts: (1) B-1 Business District, Limited Retail;…
Market overview
Demographics & Economy
Paxton, IL has 5,499 residents in 2,627 households. Density runs 52 people per square mile. Median household income here is $66,741 and median gross rent $920 a month.
5,499
Population
2,627
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
95%
High-School Grad
104.9 sq mi
ZIP Area
52
Density / Sq Mi
$66,741
Median Household Income
$45,213
Median Earnings
$920
Median Rent
$122,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Loda | — | — |
| Ludlow | — | — |
| Clarence | — | — |
| Elliott | — | — |
Commercial property in Paxton, IL asks $34/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paxton?
Commercial property in Paxton, IL asks an average of $34 per square foot.
What zoning applies to commercial property in Paxton?
Paxton, IL zones 1,927 acres across 11 districts, of which 3.7% is commercial and 25.5% industrial. The largest single district is One Family Dwelling District at 32.5% of zoned land. F RECORD. Annotations Off Follow Changes Share Download Bookmark Print CHAPTER 151: ZONING CODE Share Download Bookmark Print § 151.035 USE DISTRICTS. (A) Residential districts: (1) R-1 One-Family Dwelling District; (2) R-2 One-Family Dwelling District; and (3) R-3 General Residence District. (B) Business districts: (1) B-1 Business District, Limited Retail;… Residential zoning covers 66.1% and open space 1.9%.
Where does Realmo's Paxton market data come from?
Realmo compiles Paxton, IL figures from 7 recent recorded sales, 6 active sale listings, 1 active lease listings, 272 tracked off-market properties, the current Paxton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 1 active for-lease listings in Paxton, 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: 1,927 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
