Commercial Real Estate Market in Peotone, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 210 off-market properties in Peotone, IL.
Market Trends
Peotone, IL spans 69.6 square miles in Will County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Peotone, 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 Peotone, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Peotone, 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 Peotone, 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 58.6%
- Industrial 13%
- Commercial 11.9%
- Planned_development 6.8%
Largest Zones share of zoned land by district
One Family Residence District
One Family Residence District
Limited Industrial District
Public District
Auto Oriented And Service Business District
Peotone, IL zones 1,069 acres across 12 districts. Commercial zoning covers 11.9% of zoned land, residential 58.6% and industrial 13%. The largest single district is One Family Residence District at 30.4%. For commercial buyers the practical constraint is that only 24.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Peotone, IL has 6,112 residents in 2,329 households. Density runs 88 people per square mile. Median household income here is $101,618 and median gross rent $1,102 a month.
6,112
Population
2,329
Households
2.6
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
69.6 sq mi
ZIP Area
88
Density / Sq Mi
$101,618
Median Household Income
$44,625
Median Earnings
$1,102
Median Rent
$282,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Monee | — | $11.33 |
| Manteno | — | $18.45 |
| Sollitt | — | — |
| University Park | — | — |
Frequently Asked Questions
How much does it cost to lease commercial space in Peotone?
Asking lease rates in Peotone, IL average $25.00 per square foot per year.
What zoning applies to commercial property in Peotone?
Peotone, IL zones 1,069 acres across 12 districts, of which 11.9% is commercial and 13% industrial. The largest single district is One Family Residence District at 30.4% of zoned land. Residential zoning covers 58.6% and open space 0%.
Where does Realmo's Peotone market data come from?
Realmo compiles Peotone, IL figures from 4 recent recorded sales, 10 active sale listings, 2 active lease listings, 210 tracked off-market properties, the current Peotone zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 2 active for-lease listings in Peotone, 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: 1,069 zoned acres across 12 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
