Commercial Real Estate Market in Melvin, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Melvin, IL spans 41.9 square miles in Ford County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Melvin, 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 Melvin, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Melvin, 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 Melvin, 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 52.8%
- Industrial 21.2%
- Commercial 13.6%
- Agricultural 12.5%
Largest Zones share of zoned land by district
Single Family Residential
Industrial
Agricultural
Highway Business
General Business
Melvin, IL zones 222 acres across 7 districts. Commercial zoning covers 13.6% of zoned land, residential 52.8% and industrial 21.2%. The largest single district is Single Family Residential at 52.1%. For commercial buyers the practical constraint is that only 34.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Melvin, IL has 636 residents in 310 households. Density runs 15 people per square mile. Median household income here is $57,188 and median gross rent $821 a month.
636
Population
310
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
41.9 sq mi
ZIP Area
15
Density / Sq Mi
$57,188
Median Household Income
$40,000
Median Earnings
$821
Median Rent
$86,900
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Melvin?
Melvin, IL zones 222 acres across 7 districts, of which 13.6% is commercial and 21.2% industrial. The largest single district is Single Family Residential at 52.1% of zoned land. Residential zoning covers 52.8% and open space 0%.
Where does Realmo's Melvin market data come from?
Realmo compiles Melvin, IL figures from 2 recent recorded sales, 45 tracked off-market properties, the current Melvin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
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: 222 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
