Commercial Real Estate Market in Danvers, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 32 off-market properties in Danvers, IL.
Market Trends
Danvers, IL spans 62.3 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Danvers, 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 Danvers, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Danvers, 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 Danvers, 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 79.8%
- Civic 12.8%
- Industrial 3.1%
- Commercial 0.7%
Largest Zones share of zoned land by district
Residential
Government
Office
Industrial
Commercial
Danvers, IL zones 403 acres across 5 districts. Commercial zoning covers 0.7% of zoned land, residential 79.8% and industrial 3.1%. The largest single district is Residential at 79.8%. For commercial buyers the practical constraint is that only 3.8% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Danvers, IL has 2,101 residents in 799 households. Density runs 34 people per square mile. Median household income here is $94,688 and median gross rent $1,142 a month.
2,101
Population
799
Households
2.6
Avg Household Size
41
Median Age
31%
College-Educated
97%
High-School Grad
62.3 sq mi
ZIP Area
34
Density / Sq Mi
$94,688
Median Household Income
$41,524
Median Earnings
$1,142
Median Rent
$213,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carlock | — | — |
| Hilltop | — | — |
| Covell | — | — |
| Lilly | — | — |
Commercial property in Danvers, IL asks $8/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Danvers?
Commercial property in Danvers, IL asks an average of $8 per square foot.
What zoning applies to commercial property in Danvers?
Danvers, IL zones 403 acres across 5 districts, of which 0.7% is commercial and 3.1% industrial. The largest single district is Residential at 79.8% of zoned land. Residential zoning covers 79.8% and open space 0%.
Where does Realmo's Danvers market data come from?
Realmo compiles Danvers, IL figures from 2 recent recorded sales, 2 active sale listings, 1 active lease listings, 32 tracked off-market properties, the current Danvers zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 2 active for-sale and 1 active for-lease listings in Danvers, 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: 403 zoned acres across 5 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
