Commercial Real Estate Market in Bellflower, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Bellflower, IL spans 32.6 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bellflower, 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 Bellflower, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bellflower, 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 Bellflower, 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 60.6%
- Agricultural 21.6%
- Commercial 9.4%
- Civic 4.9%
- Industrial 3.5%
Largest Zones share of zoned land by district
Residential District
Agriculture District
General Commercial District
Park District
Industrial District
Bellflower, IL zones 239 acres across 6 districts. Commercial zoning covers 9.4% of zoned land, residential 60.6% and industrial 3.5%. The largest single district is Residential District at 60.6%. For commercial buyers the practical constraint is that only 13% of land carries a commercial or industrial designation.
Residential District (R)
The purpose of R zone is to provide a suitable open character for dwellings and certain compatible non-residential uses which are intended to serve the residents
Market overview
Demographics & Economy
Bellflower, IL has 494 residents in 189 households. Density runs 15 people per square mile. Median household income here is $87,143 and median gross rent $875 a month.
494
Population
189
Households
2.6
Avg Household Size
43
Median Age
25%
College-Educated
96%
High-School Grad
32.6 sq mi
ZIP Area
15
Density / Sq Mi
$87,143
Median Household Income
$46,250
Median Earnings
$875
Median Rent
$133,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glen Avon | — | — |
| Foosland | — | — |
| Saybrook | — | — |
| Arrowsmith | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Bellflower?
Bellflower, IL zones 239 acres across 6 districts, of which 9.4% is commercial and 3.5% industrial. The largest single district is Residential District at 60.6% of zoned land. The purpose of R zone is to provide a suitable open character for dwellings and certain compatible non-residential uses which are intended to serve the residents Residential zoning covers 60.6% 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: 239 zoned acres across 6 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
