Commercial Real Estate Market in Byron, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 192 off-market properties in Byron, IL.
Market Trends
Byron, IL spans 38.2 square miles in Ogle County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Byron, 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 Byron, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Byron, 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 Byron, 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
- Industrial 57.8%
- Commercial 28.6%
- Residential 13.6%
Largest Zones share of zoned land by district
Industrial
No Zoning
Single Family Residential
Multifamily Residential
Two Family Residential
Byron, IL zones 2,739 acres across 8 districts. Commercial zoning covers 28.6% of zoned land, residential 13.6% and industrial 57.8%. The largest single district is Industrial at 37.7%. For commercial buyers the practical constraint is that only 86.4% of land carries a commercial or industrial designation.
Industrial (I)
The intent of this to promote Commercial Retail uses
Market overview
Demographics & Economy
Byron, IL has 7,733 residents in 3,049 households. Density runs 202 people per square mile. Median household income here is $89,907 and median gross rent $981 a month.
7,733
Population
3,049
Households
2.5
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
38.2 sq mi
ZIP Area
202
Density / Sq Mi
$89,907
Median Household Income
$47,342
Median Earnings
$981
Median Rent
$218,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stillman Valley | — | — |
| Seward | — | — |
| Winnebago | — | — |
| Leaf River | — | — |
Commercial property in Byron, IL asks $14/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Byron?
Commercial property in Byron, IL asks an average of $14 per square foot. The 5 most recent recorded sales traded at a median of $100/SF.
What zoning applies to commercial property in Byron?
Byron, IL zones 2,739 acres across 8 districts, of which 28.6% is commercial and 57.8% industrial. The largest single district is Industrial at 37.7% of zoned land. The intent of this to promote Commercial Retail uses Residential zoning covers 13.6% and open space 0%.
Where does Realmo's Byron market data come from?
Realmo compiles Byron, IL figures from 6 recent recorded sales, 4 active sale listings, 1 active lease listings, 192 tracked off-market properties, the current Byron zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 1 active for-lease listings in Byron, 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: 2,739 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
