Commercial Real Estate Market in Watseka, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 428 off-market properties in Watseka, IL.
Market Trends
Watseka, IL spans 127.3 square miles in Iroquois County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Watseka, 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 Watseka, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Watseka, 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 Watseka, 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 50.1%
- Industrial 23.8%
- Commercial 16.1%
Largest Zones share of zoned land by district
Single Family Residential District
Manufacturing District
Neighborhood Business District
Public Use District
Single Family Residential District
Watseka, IL zones 1,894 acres across 10 districts. Commercial zoning covers 16.1% of zoned land, residential 50.1% and industrial 23.8%. The largest single district is Single Family Residential District at 25.7%. For commercial buyers the practical constraint is that only 40% of land carries a commercial or industrial designation.
Single Family Residential District (R-2)
District is intended to provide single family residential uses
Market overview
Demographics & Economy
Watseka, IL has 6,306 residents in 3,071 households. Density runs 50 people per square mile. Median household income here is $48,456 and median gross rent $816 a month.
6,306
Population
3,071
Households
2.1
Avg Household Size
47
Median Age
13%
College-Educated
88%
High-School Grad
127.3 sq mi
ZIP Area
50
Density / Sq Mi
$48,456
Median Household Income
$32,342
Median Earnings
$816
Median Rent
$120,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodland | — | — |
| Crescent City | — | — |
| Iroquois | — | — |
| Sheldon | — | — |
Commercial property in Watseka, IL asks $223/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Watseka?
Commercial property in Watseka, IL asks an average of $223 per square foot.
What zoning applies to commercial property in Watseka?
Watseka, IL zones 1,894 acres across 10 districts, of which 16.1% is commercial and 23.8% industrial. The largest single district is Single Family Residential District at 25.7% of zoned land. District is intended to provide single family residential uses Residential zoning covers 50.1% and open space 0%.
Where does Realmo's Watseka market data come from?
Realmo compiles Watseka, IL figures from 5 recent recorded sales, 6 active sale listings, 428 tracked off-market properties, the current Watseka zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Watseka, 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: 1,894 zoned acres across 10 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
