Commercial Real Estate Market in Mackinaw, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 197 off-market properties in Mackinaw, IL.
Market Trends
Mackinaw, IL spans 46.7 square miles in Tazewell County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mackinaw, 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 Mackinaw, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Mackinaw, 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 Mackinaw, 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 74.7%
- Agricultural 14%
- Industrial 9.3%
- Commercial 2.1%
Largest Zones share of zoned land by district
Residential
Agriculture
Industrial
Commercial
Mobile Home
Mackinaw, IL zones 765 acres across 5 districts. Commercial zoning covers 2.1% of zoned land, residential 74.7% and industrial 9.3%. The largest single district is Residential at 72.7%. For commercial buyers the practical constraint is that only 11.3% of land carries a commercial or industrial designation.
Residential (R)
District includes single-family dwellings, two-family dwellings, and multi-family dwellings
Market overview
Demographics & Economy
Mackinaw, IL has 4,422 residents in 2,013 households. Density runs 95 people per square mile. Median household income here is $98,594 and median gross rent $890 a month.
4,422
Population
2,013
Households
2.2
Avg Household Size
40
Median Age
30%
College-Educated
97%
High-School Grad
46.7 sq mi
ZIP Area
95
Density / Sq Mi
$98,594
Median Household Income
$56,042
Median Earnings
$890
Median Rent
$208,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Allentown | — | — |
| Lilly | — | — |
| Mayfair | — | — |
| Deer Creek | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Mackinaw?
Mackinaw, IL zones 765 acres across 5 districts, of which 2.1% is commercial and 9.3% industrial. The largest single district is Residential at 72.7% of zoned land. District includes single-family dwellings, two-family dwellings, and multi-family dwellings Residential zoning covers 74.7% and open space 0%.
Where does Realmo's Mackinaw market data come from?
Realmo compiles Mackinaw, IL figures from 4 recent recorded sales, 5 active sale listings, 197 tracked off-market properties, the current Mackinaw 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 Mackinaw, 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: 765 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
