Commercial Real Estate Market in Bloomington, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
177 active listings and 2,959 off-market properties in Bloomington, IL. Commercial property asks $57/SF to buy and $19.55/SF/Yr to lease.
Market Trends
Bloomington, IL spans 117.0 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bloomington, 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 Bloomington, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Bloomington, 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 Bloomington, 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 44.1%
- Commercial 19.9%
- Industrial 9.6%
- Agricultural 4.4%
- Special 4.3%
- Open space 2.2%
- Civic 0.8%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Single Family Residence C District
General Commercial District
Public Lands And Institutions District
Single Family Residence B District
Restricted Manufacturing District
Bloomington, IL zones 14,756 acres across 27 districts. Commercial zoning covers 19.9% of zoned land, residential 44.1%, open space 2.2% and industrial 9.6%. The largest single district is Single Family Residence C District at 18%. For commercial buyers the practical constraint is that only 29.6% of land carries a commercial or industrial designation.
Single Family Residence C District (R-1C)
The purpose of R-1C zone is intended to provide primarily for the establishment of areas of higher density single family detached dwelling units while recognizing the potential compatibility of two family dwelling units as special uses
Market overview
Demographics & Economy
Bloomington, IL has 86,308 residents in 39,945 households. Density runs 738 people per square mile. Median household income here is $82,883 and median gross rent $1,040 a month.
86,308
Population
39,945
Households
2.2
Avg Household Size
38
Median Age
49%
College-Educated
95%
High-School Grad
117 sq mi
ZIP Area
738
Density / Sq Mi
$82,883
Median Household Income
$51,972
Median Earnings
$1,040
Median Rent
$212,256
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gillum | — | — |
| Normal | — | — |
| Barnes | — | — |
| Oldtown | — | — |
Commercial property in Bloomington, IL asks $57/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bloomington?
Commercial property in Bloomington, IL asks an average of $57 per square foot.
How much does it cost to lease commercial space in Bloomington?
Asking lease rates in Bloomington, IL average $19.55 per square foot per year.
What zoning applies to commercial property in Bloomington?
Bloomington, IL zones 14,756 acres across 27 districts, of which 19.9% is commercial and 9.6% industrial. The largest single district is Single Family Residence C District at 18% of zoned land. The purpose of R-1C zone is intended to provide primarily for the establishment of areas of higher density single family detached dwelling units while recognizing the potential compatibility of two family dwelling units as special uses Residential zoning covers 44.1% and open space 2.2%.
Where does Realmo's Bloomington market data come from?
Realmo compiles Bloomington, IL figures from 4 recent recorded sales, 134 active sale listings, 43 active lease listings, 2,959 tracked off-market properties, the current Bloomington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 134 active for-sale and 43 active for-lease listings in Bloomington, 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: 14,756 zoned acres across 27 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
