Commercial Real Estate Market in Flanagan, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Flanagan, IL spans 70.2 square miles in Livingston County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Flanagan, 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 Flanagan, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Flanagan, 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 Flanagan, 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 53.3%
- Commercial 14.6%
Largest Zones share of zoned land by district
Multifamily Residential District
No Zoning
Single Family Residential District
Business And Commercial District
Public Use District
Business And Commercial District (B)
The Business and Commercial Districts are established to promote public health, to promote public safety, comfort, convenience, the general welfare, and to protect the economic base of the village and the value of property
Market overview
Demographics & Economy
Flanagan, IL has 1,484 residents in 670 households. Density runs 21 people per square mile. Median household income here is $79,479 and median gross rent $836 a month.
1,484
Population
670
Households
2.2
Avg Household Size
42
Median Age
21%
College-Educated
96%
High-School Grad
70.2 sq mi
ZIP Area
21
Density / Sq Mi
$79,479
Median Household Income
$50,909
Median Earnings
$836
Median Rent
$130,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nebraska Township | — | — |
| Graymont | — | — |
| Spires | — | — |
| Waldo | — | — |
Methodology & data sources
- 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: 370 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
