Commercial Real Estate Market in Deer Creek, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 55 off-market properties in Deer Creek, IL.
Market Trends
Deer Creek, IL spans 22.4 square miles in Tazewell County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Deer Creek, 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 Deer Creek, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Deer Creek, 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 Deer Creek, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Deer Creek, IL has 1,099 residents in 432 households. Density runs 49 people per square mile. Median household income here is $93,400 and median gross rent $1,119 a month.
1,099
Population
432
Households
2.5
Avg Household Size
39
Median Age
30%
College-Educated
97%
High-School Grad
22.4 sq mi
ZIP Area
49
Density / Sq Mi
$93,400
Median Household Income
$48,824
Median Earnings
$1,119
Median Rent
$191,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Goodfield | — | — |
| Mayfair | — | — |
| Allentown | — | — |
| Washington | — | $77.17 |
Commercial property in Deer Creek, IL asks $156/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Deer Creek?
Commercial property in Deer Creek, IL asks an average of $156 per square foot. The 3 most recent recorded sales traded at a median of $51/SF, so asking sits 205% above the achieved median.
Where does Realmo's Deer Creek market data come from?
Realmo compiles Deer Creek, IL figures from 3 recent recorded sales, 2 active sale listings, 55 tracked off-market properties. 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 0 active for-lease listings in Deer Creek, 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.
- 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
