Commercial Real Estate Market in Bellevue, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Bellevue, IL spans 15.2 square miles in Peoria County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bellevue, 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 Bellevue, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bellevue, 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 Bellevue, 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 60.5%
- Commercial 14%
- Agricultural 13.8%
- Industrial 6.3%
Largest Zones share of zoned land by district
Residential
Agriculture
Commercial
Residential
Industrial
Bellevue, IL zones 1,110 acres across 9 districts. Commercial zoning covers 14% of zoned land, residential 60.5% and industrial 6.3%. The largest single district is Residential at 50.1%. For commercial buyers the practical constraint is that only 20.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Bellevue, IL has 29,344 residents in 13,341 households. Density runs 1,931 people per square mile. Median household income here is $50,628 and median gross rent $904 a month.
29,344
Population
13,341
Households
2.2
Avg Household Size
39
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
1,931
Density / Sq Mi
$50,628
Median Household Income
$34,577
Median Earnings
$904
Median Rent
$100,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Norwood | — | — |
| Bartonville | — | — |
| West Peoria | — | — |
| Pottstown | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Bellevue?
Bellevue, IL zones 1,110 acres across 9 districts, of which 14% is commercial and 6.3% industrial. The largest single district is Residential at 50.1% of zoned land. Residential zoning covers 60.5% and open space 0%.
Methodology & data sources
- 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: 1,110 zoned acres across 9 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
