Commercial Real Estate Market in Toluca, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 92 off-market properties in Toluca, IL.
Market Trends
Toluca, IL spans 43.6 square miles in Marshall County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Toluca, 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 Toluca, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Toluca, 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 Toluca, 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 48%
- Open space 38.5%
- Industrial 9.8%
- Commercial 3.4%
Largest Zones share of zoned land by district
Conservation
Multifamily
Single Family
Heavy Industrial
Commercial
Toluca, IL zones 655 acres across 7 districts. Commercial zoning covers 3.4% of zoned land, residential 48%, open space 38.5% and industrial 9.8%. The largest single district is Conservation at 38.5%. For commercial buyers the practical constraint is that only 13.2% of land carries a commercial or industrial designation.
Conservation (C)
S; INTERPRETATION 9-1-1: SHORT TITLE: 9-1-2: DEFINITIONS: 9-1-3: INTERPRETATION AND APPLICATION: CHAPTER 2 ADMINISTRATION AND ENFORCEMENT CHAPTER 3 ZONING DISTRICTS AND MAP CHAPTER 4 GENERAL ZONING REGULATIONS CHAPTER 5 C CONSERVATION DISTRICT CHAPTER 6 RESIDENTIAL DISTRICTS CHAPTER 7 B COMMERCIAL DISTRICT CHAPTER 8 INDUSTRIAL DISTRICTS CHAPTER 9 PLANNED RES…
Market overview
Demographics & Economy
Toluca, IL has 1,586 residents in 746 households. Density runs 36 people per square mile. Median household income here is $67,554 and median gross rent $777 a month.
1,586
Population
746
Households
2.1
Avg Household Size
46
Median Age
13%
College-Educated
88%
High-School Grad
43.6 sq mi
ZIP Area
36
Density / Sq Mi
$67,554
Median Household Income
$39,074
Median Earnings
$777
Median Rent
$115,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Evans | — | — |
| Rutland | — | — |
| Bell Plain | — | — |
| La Rose | — | — |
Commercial property in Toluca, IL asks $47/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Toluca?
Commercial property in Toluca, IL asks an average of $47 per square foot.
What zoning applies to commercial property in Toluca?
Toluca, IL zones 655 acres across 7 districts, of which 3.4% is commercial and 9.8% industrial. The largest single district is Conservation at 38.5% of zoned land. S; INTERPRETATION 9-1-1: SHORT TITLE: 9-1-2: DEFINITIONS: 9-1-3: INTERPRETATION AND APPLICATION: CHAPTER 2 ADMINISTRATION AND ENFORCEMENT CHAPTER 3 ZONING DISTRICTS AND MAP CHAPTER 4 GENERAL ZONING REGULATIONS CHAPTER 5 C CONSERVATION DISTRICT CHAPTER 6 RESIDENTIAL DISTRICTS CHAPTER 7 B COMMERCIAL DISTRICT CHAPTER 8 INDUSTRIAL DISTRICTS CHAPTER 9 PLANNED RES… Residential zoning covers 48% and open space 38.5%.
Where does Realmo's Toluca market data come from?
Realmo compiles Toluca, IL figures from 5 active sale listings, 1 active lease listings, 92 tracked off-market properties, the current Toluca zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 1 active for-lease listings in Toluca, 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: 655 zoned acres across 7 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
