Commercial Real Estate Market in Minonk, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 205 off-market properties in Minonk, IL.
Market Trends
Minonk, IL spans 69.9 square miles in Woodford County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Minonk, 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 Minonk, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Minonk, 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 Minonk, 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
- Commercial 52.8%
- Residential 42%
- Industrial 4.2%
Largest Zones share of zoned land by district
General Commercial
Single Family Minimum 9000 Square Feet
Industrial
Single Family Minimum 6000 Square Feet
Central Business
Minonk, IL zones 1,549 acres across 9 districts. Commercial zoning covers 52.8% of zoned land, residential 42% and industrial 4.2%. The largest single district is General Commercial at 50.1%. For commercial buyers the practical constraint is that only 56.9% of land carries a commercial or industrial designation.
Central Business (C-2)
The C-2 Commercial Downtown District is intended to provide regulations for the central business district to encourage its continued development, without placing undue burdens on the city’s public facilities and infrastructure or undue automotive traffic concentration.
Market overview
Demographics & Economy
Minonk, IL has 2,350 residents in 1,048 households. Density runs 34 people per square mile. Median household income here is $65,035 and median gross rent $985 a month.
2,350
Population
1,048
Households
2.2
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
69.9 sq mi
ZIP Area
34
Density / Sq Mi
$65,035
Median Household Income
$41,543
Median Earnings
$985
Median Rent
$121,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Woodford | — | — |
| Spires | — | — |
| Rutland | — | — |
| Dana | — | — |
Commercial property in Minonk, IL asks $320/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Minonk?
Commercial property in Minonk, IL asks an average of $320 per square foot.
What zoning applies to commercial property in Minonk?
Minonk, IL zones 1,549 acres across 9 districts, of which 52.8% is commercial and 4.2% industrial. The largest single district is General Commercial at 50.1% of zoned land. Residential zoning covers 42% and open space 0%.
Where does Realmo's Minonk market data come from?
Realmo compiles Minonk, IL figures from 5 active sale listings, 205 tracked off-market properties, the current Minonk 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 Minonk, 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: 1,549 zoned acres across 9 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
