Commercial Real Estate Market in South Elgin, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
38 active listings and 424 off-market properties in South Elgin, IL. Commercial property asks $205/SF to buy and $19.67/SF/Yr to lease.
Market Trends
South Elgin, IL spans 47.0 square miles in Kane County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in South Elgin, 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 South Elgin, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in South Elgin, 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 South Elgin, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
South Elgin, IL has 49,220 residents in 17,506 households. Density runs 1,046 people per square mile. Median household income here is $129,584 and median gross rent $1,786 a month.
49,220
Population
17,506
Households
2.8
Avg Household Size
40
Median Age
44%
College-Educated
93%
High-School Grad
47 sq mi
ZIP Area
1,046
Density / Sq Mi
$129,584
Median Household Income
$62,777
Median Earnings
$1,786
Median Rent
$350,292
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hoffman Estates | — | $17.85 |
| Wayne | — | — |
| Fletcher | — | — |
| Saint Charles | — | $46.96 |
Commercial property in South Elgin, IL asks $205/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Elgin?
Commercial property in South Elgin, IL asks an average of $205 per square foot. The 6 most recent recorded sales traded at a median of $123/SF, so asking sits 66% above the achieved median.
How much does it cost to lease commercial space in South Elgin?
Asking lease rates in South Elgin, IL average $19.67 per square foot per year.
Where does Realmo's South Elgin market data come from?
Realmo compiles South Elgin, IL figures from 8 recent recorded sales, 26 active sale listings, 12 active lease listings, 424 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 12 active for-lease listings in South Elgin, 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.
- 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
