Commercial Real Estate Market in Broadwell, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 6 off-market properties in Broadwell, IL.
Market Trends
Broadwell, IL spans 53.2 square miles in Logan County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Broadwell, 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 Broadwell, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Broadwell, 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 Broadwell, 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 37.2%
- Industrial 2.4%
Largest Zones share of zoned land by district
Business District
Agricultural District
Single Family Residential
Single Family Residential
Business District
Broadwell, IL zones 146 acres across 6 districts. Commercial zoning covers 37.2% of zoned land, residential 60.5% and industrial 2.4%. The largest single district is Business District at 34.7%. For commercial buyers the practical constraint is that only 39.5% of land carries a commercial or industrial designation.
Business District (B2)
The B-2 Business District is established to provide retail goods and services directly to the consumer
Market overview
Demographics & Economy
Broadwell, IL has 847 residents in 508 households. Density runs 16 people per square mile. Median household income here is $79,722 and median gross rent $759 a month.
847
Population
508
Households
1.7
Avg Household Size
45
Median Age
32%
College-Educated
94%
High-School Grad
53.2 sq mi
ZIP Area
16
Density / Sq Mi
$79,722
Median Household Income
$52,589
Median Earnings
$759
Median Rent
$138,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Elkhart | — | — |
| Lincoln | — | — |
| Middletown | — | — |
| Lake Fork | — | — |
Commercial property in Broadwell, IL asks $25/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Broadwell?
Commercial property in Broadwell, IL asks an average of $25 per square foot.
What zoning applies to commercial property in Broadwell?
Broadwell, IL zones 146 acres across 6 districts, of which 37.2% is commercial and 2.4% industrial. The largest single district is Business District at 34.7% of zoned land. The B-2 Business District is established to provide retail goods and services directly to the consumer Residential zoning covers 60.5% and open space 0%.
Where does Realmo's Broadwell market data come from?
Realmo compiles Broadwell, IL figures from 1 active sale listings, 6 tracked off-market properties, the current Broadwell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Broadwell, 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: 146 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
