Commercial Real Estate Market in Zion, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 790 off-market properties in Zion, IL. Commercial property asks $143/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Zion, IL spans 22.6 square miles in Lake County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Zion, 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 Zion, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Zion, 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 Zion, 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 44%
- Industrial 23%
- Open space 18.8%
- Planned_development 7.3%
- Commercial 6.8%
- Civic 0.1%
Largest Zones share of zoned land by district
Public Parks And Open Space
General Industrial 1
5000 Square Feet Single Family Residential
8000 Square Feet Single Family Residential
30000 Square Feet Single Family Residential
Zion, IL zones 6,367 acres across 23 districts. Commercial zoning covers 6.8% of zoned land, residential 44%, open space 18.8% and industrial 23%. The largest single district is Public Parks And Open Space at 18.8%. For commercial buyers the practical constraint is that only 29.8% of land carries a commercial or industrial designation.
Public Parks And Open Space (P)
P public parks and open space district designed to designate those lands that have been dedicated for outdoor recreation and open space
Market overview
Demographics & Economy
Zion, IL has 31,579 residents in 12,085 households. Density runs 1,398 people per square mile. Median household income here is $65,647 and median gross rent $1,131 a month.
31,579
Population
12,085
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
86%
High-School Grad
22.6 sq mi
ZIP Area
1,398
Density / Sq Mi
$65,647
Median Household Income
$36,541
Median Earnings
$1,131
Median Rent
$190,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Beach Park | — | — |
| Winthrop Hbr | — | — |
| Winthrop Harbor | — | — |
| Russell | — | — |
Commercial property in Zion, IL asks $143/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Zion?
Commercial property in Zion, IL asks an average of $143 per square foot. The 5 most recent recorded sales traded at a median of $36/SF, so asking sits 297% above the achieved median.
How much does it cost to lease commercial space in Zion?
Asking lease rates in Zion, IL average $18.00 per square foot per year.
What zoning applies to commercial property in Zion?
Zion, IL zones 6,367 acres across 23 districts, of which 6.8% is commercial and 23% industrial. The largest single district is Public Parks And Open Space at 18.8% of zoned land. P public parks and open space district designed to designate those lands that have been dedicated for outdoor recreation and open space Residential zoning covers 44% and open space 18.8%.
Where does Realmo's Zion market data come from?
Realmo compiles Zion, IL figures from 7 recent recorded sales, 21 active sale listings, 10 active lease listings, 790 tracked off-market properties, the current Zion zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 10 active for-lease listings in Zion, 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: 6,367 zoned acres across 23 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
