Commercial Real Estate Market in Chenoa, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 139 off-market properties in Chenoa, IL.
Market Trends
Chenoa, IL spans 94.7 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chenoa, 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 Chenoa, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Chenoa, 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 Chenoa, 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 44.8%
- Residential 42.8%
- Agricultural 8%
- Commercial 2.7%
Largest Zones share of zoned land by district
Highway Interchange Industrial District
Medium Family Residential District
Single Family Residential District
Agricultural District
Highway Interchange District
Chenoa, IL zones 1,683 acres across 14 districts. Commercial zoning covers 2.7% of zoned land, residential 42.8% and industrial 44.8%. The largest single district is Highway Interchange Industrial District at 29%. For commercial buyers the practical constraint is that only 47.6% of land carries a commercial or industrial designation.
Highway Interchange District (HI)
CHAPTER 9 H-I HIGHWAY INTERCHANGE DISTRICT CHAPTER 10 SIGNS AND OUTDOOR ADVERTISING STRUCTURES CHAPTER 11 OFF-STREET PARKING CHAPTER 12 NONCONFORMING USES CHAPTER 13 SPECIAL USE PERMITS CHAPTER 14 ADMINISTRATION AND ENFORCEMENT
Market overview
Demographics & Economy
Chenoa, IL has 2,417 residents in 1,218 households. Density runs 26 people per square mile. Median household income here is $75,800 and median gross rent $858 a month.
2,417
Population
1,218
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
94%
High-School Grad
94.7 sq mi
ZIP Area
26
Density / Sq Mi
$75,800
Median Household Income
$37,391
Median Earnings
$858
Median Rent
$126,800
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Chenoa?
Chenoa, IL zones 1,683 acres across 14 districts, of which 2.7% is commercial and 44.8% industrial. The largest single district is Highway Interchange Industrial District at 29% of zoned land. Residential zoning covers 42.8% and open space 0%.
Where does Realmo's Chenoa market data come from?
Realmo compiles Chenoa, IL figures from 8 recent recorded sales, 1 active sale listings, 139 tracked off-market properties, the current Chenoa 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 Chenoa, 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: 1,683 zoned acres across 14 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
