Commercial Real Estate Market in Dunlap, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 92 off-market properties in Dunlap, IL.
Market Trends
Dunlap, IL spans 32.7 square miles in Peoria County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Dunlap, 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 Dunlap, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Dunlap, 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 Dunlap, 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 68.2%
- Residential 29%
- Commercial 2%
- Industrial 0.8%
Largest Zones share of zoned land by district
Agricultural District
Medium Density Residential District
General Retail Business District
Low Density Residential District
Low Impact Industrial District
Agricultural District (A)
The A Agricultural District is intended to include those portions of the Village maintained predominantly for agricultural and related uses, including maintaining open space and natural features of these areas within the Village
Market overview
Demographics & Economy
Dunlap, IL has 11,433 residents in 4,324 households. Density runs 349 people per square mile. Median household income here is $153,300 and median gross rent $1,167 a month.
11,433
Population
4,324
Households
2.6
Avg Household Size
36
Median Age
69%
College-Educated
97%
High-School Grad
32.7 sq mi
ZIP Area
349
Density / Sq Mi
$153,300
Median Household Income
$88,125
Median Earnings
$1,167
Median Rent
$314,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lake of the Woods | — | — |
| Alta | — | — |
| West Hallock | — | — |
| Edwards | — | — |
Commercial property in Dunlap, IL asks $234/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Dunlap?
Commercial property in Dunlap, IL asks an average of $234 per square foot.
Where does Realmo's Dunlap market data come from?
Realmo compiles Dunlap, IL figures from 7 recent recorded sales, 9 active sale listings, 1 active lease listings, 92 tracked off-market properties, the current Dunlap zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Dunlap, 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: 1,231 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
