Commercial Real Estate Market in South Elgin, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
24 active listings and 424 off-market properties in South Elgin, IL.
Market Trends
South Elgin, IL spans 47.0 square miles in Kane County, Illinois. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in South Elgin, IL runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Retail
Retail vacancy in South Elgin, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
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%.
Multifamily
Multifamily vacancy in South Elgin, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Hoffman Estates | $138 | $17.00 |
| Saint Charles | $208 | $20.50 |
| Streamwood | $145 | — |
| Geneva | $216 | $25.00 |
Commercial property in South Elgin, IL asks $103/SF. The 4 bordering markets run from $138/SF in Hoffman Estates to $216/SF in Geneva, and the city sits below their $176/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in South Elgin?
How does South Elgin compare to nearby markets on price?
Where does Realmo's South Elgin market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 11 active for-lease listings in South Elgin, IL. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
