Commercial Real Estate Market in Havana, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 313 off-market properties in Havana, IL.
Market Trends
Havana, IL spans 96.6 square miles in Mason County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Havana, 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 Havana, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Havana, 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 Havana, 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 51.7%
- Industrial 23.9%
- Commercial 15.2%
- Planned_development 4.8%
- Open space 4.4%
Largest Zones share of zoned land by district
Single Family Residential District
Heavy Industrial District
Multiple Family Residential District
Business Park Covenants District
Planned Unit Development
Havana, IL zones 1,762 acres across 10 districts. Commercial zoning covers 15.2% of zoned land, residential 51.7%, open space 4.4% and industrial 23.9%. The largest single district is Single Family Residential District at 42.8%. For commercial buyers the practical constraint is that only 39.1% of land carries a commercial or industrial designation.
Single Family Residential District (R-1)
The R-1 district is designed for those areas where the land is presently being used and appears to be desirable for single-family use only, and also for areas where single-family use is to be encouraged for present or future development
Market overview
Demographics & Economy
Havana, IL has 4,690 residents in 2,438 households. Density runs 49 people per square mile. Median household income here is $57,076 and median gross rent $730 a month.
4,690
Population
2,438
Households
1.9
Avg Household Size
47
Median Age
20%
College-Educated
92%
High-School Grad
96.6 sq mi
ZIP Area
49
Density / Sq Mi
$57,076
Median Household Income
$35,324
Median Earnings
$730
Median Rent
$104,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bluff City | — | — |
| Eckard | — | — |
| Sepo | — | — |
| Enion | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Havana?
Havana, IL zones 1,762 acres across 10 districts, of which 15.2% is commercial and 23.9% industrial. The largest single district is Single Family Residential District at 42.8% of zoned land. The R-1 district is designed for those areas where the land is presently being used and appears to be desirable for single-family use only, and also for areas where single-family use is to be encouraged for present or future development Residential zoning covers 51.7% and open space 4.4%.
Where does Realmo's Havana market data come from?
Realmo compiles Havana, IL figures from 7 recent recorded sales, 5 active sale listings, 313 tracked off-market properties, the current Havana zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Havana, 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: 1,762 zoned acres across 10 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
