Commercial Real Estate Market in Annawan, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 79 off-market properties in Annawan, IL.
Market Trends
Annawan, IL spans 55.7 square miles in Henry County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Annawan, 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 Annawan, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Annawan, 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 Annawan, 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 51.7%
- Commercial 32%
- Civic 13.8%
- Planned_development 2.5%
Largest Zones share of zoned land by district
Business District Nonrestricted
Residential District
Government
Old Town Residential District
Residential Multifamily
Annawan, IL zones 469 acres across 8 districts. Commercial zoning covers 32% of zoned land, residential 51.7%. The largest single district is Business District Nonrestricted at 26.4%. For commercial buyers the practical constraint is that only 32% of land carries a commercial or industrial designation.
Business District Nonrestricted (B2)
District is intended to provide for the total service needs of the motoring public using the major highway system through and adjacent to Annawan and to require adequate space provisions to accommodate peculiar needs of the motorists
Market overview
Demographics & Economy
Annawan, IL has 1,197 residents in 530 households. Density runs 21 people per square mile. Median household income here is $84,028 and median gross rent $629 a month.
1,197
Population
530
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
98%
High-School Grad
55.7 sq mi
ZIP Area
21
Density / Sq Mi
$84,028
Median Household Income
$44,732
Median Earnings
$629
Median Rent
$151,300
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Annawan?
Annawan, IL zones 469 acres across 8 districts, of which 32% is commercial and 0% industrial. The largest single district is Business District Nonrestricted at 26.4% of zoned land. District is intended to provide for the total service needs of the motoring public using the major highway system through and adjacent to Annawan and to require adequate space provisions to accommodate peculiar needs of the motorists Residential zoning covers 51.7% and open space 0%.
Where does Realmo's Annawan market data come from?
Realmo compiles Annawan, IL figures from 4 recent recorded sales, 2 active sale listings, 79 tracked off-market properties, the current Annawan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 0 active for-lease listings in Annawan, 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: 469 zoned acres across 8 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
