Commercial Real Estate Market in Morrison, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
16 active listings and 304 off-market properties in Morrison, IL.
Market Trends
Morrison, IL spans 151.0 square miles in Whiteside County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morrison, 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 Morrison, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Morrison, 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 Morrison, 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 76%
- Industrial 14.1%
- Commercial 10%
Largest Zones share of zoned land by district
General Residential District
Single Family Residential District
Office And Light Industrial District
Rural Residential Low Density District
General Commercial District
Morrison, IL zones 1,637 acres across 10 districts. Commercial zoning covers 10% of zoned land, residential 76% and industrial 14.1%. The largest single district is General Residential District at 42.3%. For commercial buyers the practical constraint is that only 24% of land carries a commercial or industrial designation.
General Residential District (R-2)
The intent of establishing the R-2 General Residential District is to encourage adequate new construction and rehabilitation activities in those older sections of the city that are a mixture of single and two family dwellings. This district is intended for medium-density residential development.
Market overview
Demographics & Economy
Morrison, IL has 7,055 residents in 2,965 households. Density runs 47 people per square mile. Median household income here is $82,782 and median gross rent $981 a month.
7,055
Population
2,965
Households
2.4
Avg Household Size
46
Median Age
30%
College-Educated
93%
High-School Grad
151 sq mi
ZIP Area
47
Density / Sq Mi
$82,782
Median Household Income
$44,199
Median Earnings
$981
Median Rent
$165,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Union Grove | — | — |
| Malvern | — | — |
| Round Grove | — | — |
| Lyndon | — | — |
Commercial property in Morrison, IL asks $670/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morrison?
Commercial property in Morrison, IL asks an average of $670 per square foot.
What zoning applies to commercial property in Morrison?
Morrison, IL zones 1,637 acres across 10 districts, of which 10% is commercial and 14.1% industrial. The largest single district is General Residential District at 42.3% of zoned land. The intent of establishing the R-2 General Residential District is to encourage adequate new construction and rehabilitation activities in those older sections of the city that are a mixture of single and two family dwellings. This district is intended for medium-density residential development. Residential zoning covers 76% and open space 0%.
Where does Realmo's Morrison market data come from?
Realmo compiles Morrison, IL figures from 5 recent recorded sales, 16 active sale listings, 304 tracked off-market properties, the current Morrison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 16 active for-sale and 0 active for-lease listings in Morrison, 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: 1,637 zoned acres across 10 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
