Commercial Real Estate Market in Delavan, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 145 off-market properties in Delavan, IL.
Market Trends
Delavan, IL spans 76.5 square miles in Tazewell County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Delavan, 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 Delavan, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Delavan, 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 Delavan, 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 59.9%
- Industrial 34.8%
- Commercial 5.3%
Largest Zones share of zoned land by district
Industrial District
Multifamily Residential District
Agricultural District
Single Family Residential District
Business District
Delavan, IL zones 933 acres across 5 districts. Commercial zoning covers 5.3% of zoned land, residential 59.9% and industrial 34.8%. The largest single district is Industrial District at 34.8%. For commercial buyers the practical constraint is that only 40.1% of land carries a commercial or industrial designation.
Industrial District (I)
The purpose of this district is to accommodate a wide range of manufacturing and similar industrial facilities which can conform to a high level of performance and can co exist without serious side effects to neighboring properties
Market overview
Demographics & Economy
Delavan, IL has 2,597 residents in 1,108 households. Density runs 34 people per square mile. Median household income here is $71,563 and median gross rent $790 a month.
2,597
Population
1,108
Households
2.3
Avg Household Size
43
Median Age
22%
College-Educated
93%
High-School Grad
76.5 sq mi
ZIP Area
34
Density / Sq Mi
$71,563
Median Household Income
$40,722
Median Earnings
$790
Median Rent
$140,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Green Valley | — | — |
| Boynton | — | — |
| Emden | — | — |
| Dillon | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Delavan?
Delavan, IL zones 933 acres across 5 districts, of which 5.3% is commercial and 34.8% industrial. The largest single district is Industrial District at 34.8% of zoned land. The purpose of this district is to accommodate a wide range of manufacturing and similar industrial facilities which can conform to a high level of performance and can co exist without serious side effects to neighboring properties Residential zoning covers 59.9% and open space 0%.
Where does Realmo's Delavan market data come from?
Realmo compiles Delavan, IL figures from 8 recent recorded sales, 1 active sale listings, 145 tracked off-market properties, the current Delavan 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 Delavan, 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: 933 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
