Commercial Real Estate Market in Lebanon, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
7 active listings and 236 off-market properties in Lebanon, IL.
Market Trends
Lebanon, IL spans 40.9 square miles in St. Clair County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Lebanon, 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 Lebanon, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Lebanon, 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 space in Lebanon, IL asks $85/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.7%
- Commercial 17.5%
- Agricultural 10.5%
- Industrial 9%
Largest Zones share of zoned land by district
Single Family Residential
Commercial
Single Family Residential
Agricultural
Industrial
Lebanon, IL zones 1,718 acres across 13 districts. Commercial zoning covers 17.5% of zoned land, residential 56.7% and industrial 9%. The largest single district is Single Family Residential at 23.6%. For commercial buyers the practical constraint is that only 26.5% of land carries a commercial or industrial designation.
Single Family Residential (SR-2)
In the SR-2 Single-Family Residential Districts, land is principally used for, or is best suited for, detached single-family dwellings and related educational, religious, and recreational facilities. The regulations applicable to each single-family residential district are intended to stabilize and preserve sound existing neighborhoods developed at varying d…
Market overview
Demographics & Economy
Lebanon, IL has 6,503 residents in 2,725 households. Density runs 159 people per square mile. Median household income here is $89,500 and median gross rent $1,100 a month.
6,503
Population
2,725
Households
2.4
Avg Household Size
36
Median Age
37%
College-Educated
92%
High-School Grad
40.9 sq mi
ZIP Area
159
Density / Sq Mi
$89,500
Median Household Income
$36,381
Median Earnings
$1,100
Median Rent
$196,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Summerfield | — | — |
| Saint Morgan | — | — |
| Saint Jacob | — | — |
| Shiloh | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Lebanon?
Lebanon, IL zones 1,718 acres across 13 districts, of which 17.5% is commercial and 9% industrial. The largest single district is Single Family Residential at 23.6% of zoned land. In the SR-2 Single-Family Residential Districts, land is principally used for, or is best suited for, detached single-family dwellings and related educational, religious, and recreational facilities. The regulations applicable to each single-family residential district are intended to stabilize and preserve sound existing neighborhoods developed at varying d… Residential zoning covers 56.7% and open space 0%.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, IL figures from 5 recent recorded sales, 7 active sale listings, 236 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 7 active for-sale and 0 active for-lease listings in Lebanon, 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: 1,718 zoned acres across 13 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
