Commercial Real Estate Market in Polo, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
3 active listings and 140 off-market properties in Polo, IL.
Market Trends
Polo, IL spans 108.9 square miles in Ogle County, Illinois. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Polo, 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 Polo, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Polo, 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 Polo, 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 74.5%
- Industrial 9.7%
- Commercial 7.3%
- Agricultural 4.3%
Largest Zones share of zoned land by district
One Family Residence District
Limited Service Business District
Vacant Farmland
Two Family Residence District
General Service District
Polo, IL zones 964 acres across 13 districts. Commercial zoning covers 7.3% of zoned land, residential 74.5% and industrial 9.7%. The largest single district is One Family Residence District at 70.1%. For commercial buyers the practical constraint is that only 17% of land carries a commercial or industrial designation.
Limited Service Business District (B-2)
Any business use permitted in the B-2 Business District; Agricultural implement sales and services, on an open lot or within a building; Automobile service stations; Automobile washing bays; Battery and tire service stations; Bulk fuel storage facilities; Motorcycle sales and repairs; Building material sales; Contractors offices and shops, where no fabricati…
Market overview
Demographics & Economy
Polo, IL has 3,693 residents in 1,842 households. Density runs 34 people per square mile. Median household income here is $71,296 and median gross rent $799 a month.
3,693
Population
1,842
Households
2
Avg Household Size
45
Median Age
18%
College-Educated
94%
High-School Grad
108.9 sq mi
ZIP Area
34
Density / Sq Mi
$71,296
Median Household Income
$40,923
Median Earnings
$799
Median Rent
$160,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Polo?
Commercial property in Polo, IL asks an average of $72 per square foot.
What zoning applies to commercial property in Polo?
Polo, IL zones 964 acres across 13 districts, of which 7.3% is commercial and 9.7% industrial. The largest single district is One Family Residence District at 70.1% of zoned land. Residential zoning covers 74.5% and open space 0%.
Where does Realmo's Polo market data come from?
Realmo compiles Polo, IL figures from 2 recent recorded sales, 3 active sale listings, 140 tracked off-market properties, the current Polo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Polo, 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: 964 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 30 September 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 30 September 2026 · report a data issue
