Commercial Real Estate Market in Nelson, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
84 active listings and 629 off-market properties in Nelson, IL.
Market Trends
Nelson, IL spans 150.1 square miles in Lee County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nelson, 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 Nelson, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Nelson, 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 Nelson, IL runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Nelson, IL has 22,984 residents in 10,110 households. Density runs 153 people per square mile. Median household income here is $65,719 and median gross rent $823 a month.
22,984
Population
10,110
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
150.1 sq mi
ZIP Area
153
Density / Sq Mi
$65,719
Median Household Income
$40,805
Median Earnings
$823
Median Rent
$144,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rock Falls | — | — |
| Sterling | — | — |
| Harmon | — | — |
| Yeowardville | — | — |
Commercial property in Nelson, IL asks $490/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nelson?
Commercial property in Nelson, IL asks an average of $490 per square foot.
Where does Realmo's Nelson market data come from?
Realmo compiles Nelson, IL figures from 6 recent recorded sales, 84 active sale listings, 629 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 84 active for-sale and 0 active for-lease listings in Nelson, 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.
- 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
