Commercial Real Estate Market in Leland, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 85 off-market properties in Leland, IL.
Market Trends
Leland, IL spans 61.4 square miles in LaSalle County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leland, 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 Leland, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Leland, 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 Leland, 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 83.5%
- Industrial 9%
- Commercial 4.4%
- Agricultural 3.2%
Largest Zones share of zoned land by district
Single Family Residence
Single Family Residence
Industrial
Central Business
Rural
Leland, IL zones 264 acres across 7 districts. Commercial zoning covers 4.4% of zoned land, residential 83.5% and industrial 9%. The largest single district is Single Family Residence at 40.6%. For commercial buyers the practical constraint is that only 13.4% of land carries a commercial or industrial designation.
Single Family Residence (R-2)
R-2 Multiple-family residence R-3 Central business R-4 Highway business R-5 Industrial R-6 Rural RU Agriculture AG It is important to contact our Public Works Director, Jed Clason, before beginning ANY building project for zoning designation, lot size, setbacks, permitted uses, etc. Permits are required BEFORE construction begins. In order to comply with the…
Market overview
Demographics & Economy
Leland, IL has 1,879 residents in 847 households. Density runs 31 people per square mile. Median household income here is $77,672 and median gross rent $1,532 a month.
1,879
Population
847
Households
2.2
Avg Household Size
41
Median Age
26%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
31
Density / Sq Mi
$77,672
Median Household Income
$34,556
Median Earnings
$1,532
Median Rent
$225,800
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Leland?
Leland, IL zones 264 acres across 7 districts, of which 4.4% is commercial and 9% industrial. The largest single district is Single Family Residence at 40.6% of zoned land. R-2 Multiple-family residence R-3 Central business R-4 Highway business R-5 Industrial R-6 Rural RU Agriculture AG It is important to contact our Public Works Director, Jed Clason, before beginning ANY building project for zoning designation, lot size, setbacks, permitted uses, etc. Permits are required BEFORE construction begins. In order to comply with the… Residential zoning covers 83.5% and open space 0%.
Where does Realmo's Leland market data come from?
Realmo compiles Leland, IL figures from 4 recent recorded sales, 4 active sale listings, 85 tracked off-market properties, the current Leland zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Leland, 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: 264 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
