Commercial Real Estate Market in Downs, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
2 active listings and 36 off-market properties in Downs, IL.
Market Trends
Downs, IL spans 34.6 square miles in McLean County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Downs, 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 Downs, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Downs, 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 Downs, 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
- Agricultural 51.5%
- Residential 21.6%
- Commercial 17%
Largest Zones share of zoned land by district
District Agriculture
General Commercial
Medium Density Residential
Low Density Residential
Public
District Agriculture (AG)
The purpose of AG zone is to provide agricultural activities located near the periphery of the incorporated area when said area is not expected to develop for intensive urban uses within the near future and to prevent conflicts between agricultural and non agricultural uses
Market overview
Demographics & Economy
Downs, IL has 1,966 residents in 980 households. Density runs 57 people per square mile. Median household income here is $107,127 and median gross rent $936 a month.
1,966
Population
980
Households
2
Avg Household Size
38
Median Age
53%
College-Educated
99%
High-School Grad
34.6 sq mi
ZIP Area
57
Density / Sq Mi
$107,127
Median Household Income
$64,276
Median Earnings
$936
Median Rent
$283,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
Where does Realmo's Downs market data come from?
Realmo compiles Downs, IL figures from 3 recent recorded sales, 2 active sale listings, 36 tracked off-market properties, the current Downs 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 0 active for-lease listings in Downs, 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: 1,989 zoned acres across 7 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
